Roku, Inc. (NASDAQ:ROKU) Position Trimmed by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 96.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 786 shares of the company's stock after selling 23,982 shares during the period. Tower Research Capital LLC TRC's holdings in Roku were worth $72,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Eisler Capital UK Ltd. purchased a new position in Roku during the 4th quarter valued at about $470,000. First Trust Advisors LP boosted its stake in shares of Roku by 102.8% in the fourth quarter. First Trust Advisors LP now owns 81,704 shares of the company's stock valued at $7,489,000 after purchasing an additional 41,418 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Roku by 0.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 21,645 shares of the company's stock valued at $1,987,000 after purchasing an additional 144 shares in the last quarter. California State Teachers Retirement System increased its stake in Roku by 1.7% during the 4th quarter. California State Teachers Retirement System now owns 194,916 shares of the company's stock worth $17,866,000 after buying an additional 3,207 shares during the period. Finally, Alpha DNA Investment Management LLC acquired a new stake in Roku during the 4th quarter worth approximately $531,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup dropped their price target on shares of Roku from $110.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, February 21st. Moffett Nathanson lowered Roku from a "market perform" rating to a "sell" rating and increased their price target for the company from $64.00 to $66.00 in a research report on Friday, December 15th. Wells Fargo & Company lowered their price objective on Roku from $51.00 to $45.00 and set an "underweight" rating for the company in a research report on Friday. Susquehanna raised their target price on shares of Roku from $100.00 to $110.00 and gave the company a "positive" rating in a report on Friday, February 16th. Finally, Oppenheimer downgraded shares of Roku from an "outperform" rating to a "market perform" rating in a research report on Friday, February 16th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $86.67.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 4,310 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the sale, the senior vice president now owns 81,459 shares in the company, valued at approximately $5,148,208.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Stephen H. Kay sold 4,310 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the sale, the senior vice president now directly owns 81,459 shares of the company's stock, valued at approximately $5,148,208.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The disclosure for this sale can be found here. Insiders sold 54,545 shares of company stock worth $4,364,035 over the last 90 days. 13.63% of the stock is currently owned by insiders.

Roku Price Performance

Shares of ROKU traded down $2.05 during mid-day trading on Friday, reaching $59.90. 3,032,492 shares of the company's stock were exchanged, compared to its average volume of 3,461,276. The stock has a market capitalization of $8.60 billion, a PE ratio of -11.93 and a beta of 1.66. Roku, Inc. has a 52-week low of $51.62 and a 52-week high of $108.84. The business's fifty day simple moving average is $69.22 and its 200-day simple moving average is $79.29.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.65) by $0.10. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. The firm had revenue of $984.40 million for the quarter, compared to analyst estimates of $967.72 million. During the same quarter last year, the company posted ($1.70) earnings per share. The business's revenue was up 13.5% on a year-over-year basis. Equities research analysts predict that Roku, Inc. will post -2.16 earnings per share for the current year.

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.