Vestmark Advisory Solutions Inc. Invests $16.61 Million in Roku, Inc. (NASDAQ:ROKU)

Vestmark Advisory Solutions Inc. acquired 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 fund acquired 181,242 shares of the company's stock, valued at approximately $16,613,000. Roku accounts for about 0.8% of Vestmark Advisory Solutions Inc.'s holdings, making the stock its 23rd largest position. Vestmark Advisory Solutions Inc. owned approximately 0.13% of Roku at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Roku during the fourth quarter worth about $27,000. Creative Financial Designs Inc. ADV purchased a new position in Roku in the fourth quarter valued at approximately $29,000. Federated Hermes Inc. purchased a new stake in shares of Roku during the 3rd quarter worth approximately $37,000. Headinvest LLC acquired a new position in shares of Roku in the 3rd quarter valued at $42,000. Finally, Spire Wealth Management lifted its position in Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company's stock valued at $44,000 after acquiring an additional 162 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Performance

NASDAQ:ROKU traded down $0.84 during trading hours on Friday, hitting $59.11. The company's stock had a trading volume of 3,904,550 shares, compared to its average volume of 4,960,037. Roku, Inc. has a 52-week low of $51.62 and a 52-week high of $108.84. The company has a market capitalization of $8.48 billion, a PE ratio of -14.81 and a beta of 1.69. The business's 50-day moving average is $62.07 and its two-hundred day moving average is $78.31.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating analysts' consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business had revenue of $881.50 million during the quarter, compared to analysts' expectations of $843.54 million. During the same quarter last year, the business posted ($1.38) earnings per share. The business's revenue for the quarter was up 19.0% on a year-over-year basis. As a group, analysts predict that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the transaction, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares of the company's stock, valued at $13,930,039.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles Collier sold 12,277 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total value of $798,741.62. Following the sale, the insider now directly owns 4,292 shares in the company, valued at approximately $279,237.52. The disclosure for this sale can be found here. Insiders sold a total of 54,751 shares of company stock worth $4,375,835 over the last 90 days. 13.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Susquehanna cut their target price on Roku from $110.00 to $80.00 and set a "positive" rating on the stock in a research report on Monday, April 29th. Jefferies Financial Group assumed coverage on Roku in a research report on Thursday. They set an "underperform" rating and a $50.00 target price on the stock. Pivotal Research cut their target price on Roku from $85.00 to $75.00 and set a "hold" rating on the stock in a research report on Friday, February 16th. Wells Fargo & Company boosted their price target on Roku from $45.00 to $52.00 and gave the company an "underweight" rating in a research report on Friday, April 26th. Finally, Stephens restated an "overweight" rating and issued a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $82.50.

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.