Polianta Ltd Takes Position in Roku, Inc. (NASDAQ:ROKU)

Polianta Ltd bought a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,300 shares of the company's stock, valued at approximately $1,007,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vision Financial Markets LLC bought a new stake in shares of Roku during the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new position in Roku in the first quarter valued at approximately $35,000. Game Plan Financial Advisors LLC acquired a new position in Roku in the fourth quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after purchasing an additional 491 shares during the last quarter. Finally, Allianz SE acquired a new stake in shares of Roku during the 4th quarter worth approximately $39,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Stock Down 3.0%

NASDAQ:ROKU traded down $2.34 during trading hours on Friday, reaching $74.41. 3,217,346 shares of the company's stock were exchanged, compared to its average volume of 3,824,468. The company has a market capitalization of $10.86 billion, a P/E ratio of -83.61 and a beta of 2.09. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The business's 50-day simple moving average is $67.45 and its two-hundred day simple moving average is $74.78.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company's revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted ($0.35) EPS. As a group, sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Roku

In other news, insider Charles Collier sold 7,181 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $75.00, for a total transaction of $538,575.00. Following the sale, the insider now owns 10,970 shares in the company, valued at $822,750. The trade was a 39.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $80.27, for a total transaction of $2,006,750.00. Following the completion of the sale, the chief executive officer now owns 11,953 shares of the company's stock, valued at approximately $959,467.31. This trade represents a 67.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,737 shares of company stock worth $4,987,114 in the last quarter. 13.98% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup reduced their price objective on Roku from $81.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Piper Sandler began coverage on Roku in a research note on Thursday, April 17th. They issued a "neutral" rating and a $65.00 target price on the stock. Loop Capital reduced their price target on shares of Roku from $90.00 to $80.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Roku in a report on Friday, May 2nd. Finally, Wedbush cut their price objective on shares of Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.37.

Roku Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.