Morgens Waterfall Vintiadis & Co. Inc. Makes New Investment in Roku, Inc. (NASDAQ:ROKU)

Morgens Waterfall Vintiadis & Co. Inc. bought a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 52,000 shares of the company's stock, valued at approximately $3,866,000. Roku accounts for about 3.0% of Morgens Waterfall Vintiadis & Co. Inc.'s portfolio, making the stock its 15th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. raised its holdings in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after purchasing an additional 270 shares in the last quarter. Vision Financial Markets LLC acquired a new position in shares of Roku during the 4th quarter valued at $30,000. Game Plan Financial Advisors LLC bought a new stake in shares of Roku in the 4th quarter worth $37,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after buying an additional 491 shares during the period. Finally, Allianz SE bought a new position in Roku during the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wedbush cut their target price on shares of Roku from $125.00 to $100.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. JMP Securities reiterated a "market outperform" rating and set a $95.00 price objective on shares of Roku in a research report on Friday, May 2nd. Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Monday, April 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $88.50 target price on shares of Roku in a research report on Monday, May 12th. Finally, Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and increased their price target for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. One research 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.93.

Roku Stock Performance

Shares of Roku stock traded up $1.30 during trading on Friday, hitting $71.37. 2,102,810 shares of the stock traded hands, compared to its average volume of 3,778,608. The stock has a market cap of $10.42 billion, a P/E ratio of -80.19 and a beta of 2.06. The company has a fifty day moving average price of $65.92 and a two-hundred day moving average price of $74.41. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced 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. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Roku's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.35) EPS. On average, equities research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. This trade represents a 42.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dan Jedda sold 2,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total transaction of $199,900.00. Following the transaction, the chief financial officer now directly owns 56,555 shares of the company's stock, valued at approximately $5,652,672.25. This represents a 3.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,111 shares of company stock valued at $1,365,112 over the last three months. 13.98% of the stock is currently owned by insiders.

Roku Company 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.