Audent Global Asset Management LLC Grows Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Audent Global Asset Management LLC lifted its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 222.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,127 shares of the company's stock after acquiring an additional 14,584 shares during the period. Roku makes up about 1.0% of Audent Global Asset Management LLC's holdings, making the stock its 27th largest holding. Audent Global Asset Management LLC's holdings in Roku were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Roku during the fourth quarter valued at $30,000. Game Plan Financial Advisors LLC bought a new stake in Roku during the fourth quarter valued at $37,000. Harvest Fund Management Co. Ltd grew its position in Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after buying an additional 491 shares in the last quarter. Finally, Allianz SE bought a new position in Roku in the 4th quarter worth about $39,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Trading Down 1.4%

Shares of ROKU stock traded down $1.00 during mid-day trading on Friday, reaching $71.80. The stock had a trading volume of 1,322,807 shares, compared to its average volume of 3,770,110. The firm has a market capitalization of $10.48 billion, a PE ratio of -80.46 and a beta of 2.06. The stock's 50-day moving average price is $65.71 and its two-hundred day moving average price is $74.43. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group cut their price objective on Roku from $90.00 to $72.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. FBN Securities began coverage on shares of Roku in a research note on Friday, March 28th. They issued an "outperform" rating and a $93.00 price target for the company. Citigroup decreased their price target on shares of Roku from $81.00 to $68.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Piper Sandler began coverage on shares of Roku in a report on Thursday, April 17th. They set a "neutral" rating and a $65.00 price objective for the company. Finally, Pivotal Research cut their target price on shares of Roku from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.93.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at approximately $583,092.16. The trade was a 20.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now owns 68,843 shares of the company's stock, valued at approximately $5,163,225. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,100 shares of company stock valued at $1,164,215. 13.98% of the stock is currently owned by company insiders.

About Roku

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.