Two Sigma Investments LP Increases Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Two Sigma Investments LP raised its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 149.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,210,879 shares of the company's stock after acquiring an additional 726,077 shares during the quarter. Two Sigma Investments LP owned approximately 0.83% of Roku worth $90,017,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ROKU. Ameritas Advisory Services LLC acquired a new position in shares of Roku during the fourth quarter worth about $311,000. Janney Montgomery Scott LLC acquired a new position in shares of Roku during the fourth quarter worth about $1,353,000. Mutual Advisors LLC acquired a new position in shares of Roku during the fourth quarter worth about $207,000. Avior Wealth Management LLC grew its position in shares of Roku by 11.9% during the fourth quarter. Avior Wealth Management LLC now owns 7,180 shares of the company's stock worth $534,000 after buying an additional 762 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Roku by 24.9% in the fourth quarter. Fifth Third Bancorp now owns 1,119 shares of the company's stock valued at $83,000 after purchasing an additional 223 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of research analyst reports. Compass Point initiated coverage on Roku in a report on Sunday, March 23rd. They issued a "buy" rating for the company. Benchmark reaffirmed a "buy" rating and issued a $130.00 price target on shares of Roku in a report on Friday, May 2nd. Citizens Jmp raised Roku to a "strong-buy" rating in a report on Tuesday, January 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $88.50 price target on shares of Roku in a report on Monday, May 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $95.00 price target on shares of Roku in a report on Friday, May 2nd. One investment 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.93.

Roku Trading Down 2.6%

Shares of Roku stock traded down $1.85 during trading hours on Wednesday, hitting $69.56. 3,629,400 shares of the company were exchanged, compared to its average volume of 3,771,109. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The business has a 50-day moving average of $66.03 and a 200-day moving average of $74.47. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of -78.16 and a beta of 2.06.

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, topping the consensus estimate 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 analysts' expectations of $1.01 billion. During the same quarter in the prior year, the business earned ($0.35) earnings per share. The company's quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other Roku news, insider Charles Collier sold 7,181 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the transaction, the insider now owns 7,380 shares in the company, valued at approximately $577,485. This represents a 49.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the completion of the transaction, the chief accounting officer now owns 7,256 shares of the company's stock, valued at $583,092.16. The trade was a 20.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,111 shares of company stock worth $1,165,212 over the last 90 days. 13.98% of the stock is currently owned by insiders.

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.