AGF Management Ltd. Sells 39,098 Shares of Roku, Inc. (NASDAQ:ROKU)

AGF Management Ltd. cut its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,927,919 shares of the company's stock after selling 39,098 shares during the period. Roku makes up approximately 1.0% of AGF Management Ltd.'s investment portfolio, making the stock its 22nd largest holding. AGF Management Ltd. owned about 1.35% of Roku worth $176,713,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in Roku in the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV acquired a new position in Roku in the fourth quarter valued at about $29,000. Federated Hermes Inc. acquired a new position in Roku in the third quarter valued at about $37,000. Headinvest LLC acquired a new position in Roku in the third quarter valued at about $42,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Roku by 1,822.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 596 shares of the company's stock valued at $55,000 after acquiring an additional 565 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ROKU shares. Stephens reissued an "overweight" rating and issued a $105.00 target price on shares of Roku in a research note on Friday, February 16th. Morgan Stanley reduced their price objective on Roku from $65.00 to $60.00 and set an "underweight" rating for the company in a research report on Friday, April 5th. Citigroup reduced their price objective on Roku from $75.00 to $70.00 and set a "neutral" rating for the company in a research report on Tuesday, April 30th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $89.00 price objective on shares of Roku in a research report on Friday, April 26th. Finally, Susquehanna reduced their price objective on Roku from $110.00 to $80.00 and set a "positive" rating for the company in a research report on Monday, April 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $82.50.

Roku Trading Down 3.9 %

NASDAQ:ROKU traded down $2.33 on Friday, hitting $57.91. The company's stock had a trading volume of 3,400,602 shares, compared to its average volume of 4,737,489. The stock has a fifty day moving average of $61.66 and a two-hundred day moving average of $78.27. The firm has a market capitalization of $8.35 billion, a P/E ratio of -14.51 and a beta of 1.69. Roku, Inc. has a one year low of $51.62 and a one year high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.29. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.38) earnings per share. As a group, sell-side analysts anticipate that Roku, Inc. will post -1.94 EPS for the current year.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Charles Collier sold 12,277 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total transaction of $798,741.62. Following the transaction, the insider now owns 4,292 shares in the company, valued at $279,237.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 141,221 shares in the company, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. Insiders have sold 54,751 shares of company stock worth $4,375,835 over the last 90 days. Company insiders own 13.63% of the company's stock.

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.