Vista Investment Partners LLC Takes Position in Roku, Inc. (NASDAQ:ROKU)

Vista Investment Partners LLC acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,686 shares of the company's stock, valued at approximately $612,000.

Other large investors have also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in shares of Roku during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in Roku in the first quarter worth $35,000. Harvest Fund Management Co. Ltd boosted 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 acquiring an additional 491 shares during the period. Allianz SE acquired a new position in shares of Roku during the fourth quarter valued at $39,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Roku during the fourth quarter worth about $41,000. Institutional investors own 86.30% of the company's stock.

Insider Buying and Selling at Roku

In other news, CAO Matthew C. Banks sold 629 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $72.98, for a total transaction of $45,904.42. Following the transaction, the chief accounting officer now owns 8,555 shares in the company, valued at $624,343.90. This represents a 6.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 11,953 shares in the company, valued at $959,467.31. This represents a 67.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,737 shares of company stock valued at $4,987,114 in the last 90 days. 13.98% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on ROKU. Evercore ISI cut their price target on Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Roku in a research report on Monday. Compass Point started coverage on Roku in a research note on Sunday, March 23rd. They issued a "buy" rating for the company. UBS Group cut their price objective on shares of Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, Benchmark reiterated a "buy" rating and issued a $130.00 target price on shares of Roku in a research report on Friday, May 2nd. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.37.

Roku Price Performance

ROKU stock opened at $82.17 on Tuesday. The firm has a market capitalization of $11.99 billion, a P/E ratio of -92.33 and a beta of 2.09. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The company's 50 day simple moving average is $67.99 and its 200-day simple moving average is $74.97.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (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 company 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 earned ($0.35) earnings per share. The company's revenue for the quarter was up 15.8% on a year-over-year basis. Sell-side analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

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.

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