OMERS ADMINISTRATION Corp Sells 4,608 Shares of Roku, Inc. (NASDAQ:ROKU)

OMERS ADMINISTRATION Corp decreased its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,739 shares of the company's stock after selling 4,608 shares during the period. OMERS ADMINISTRATION Corp's holdings in Roku were worth $1,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in shares of Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC bought a new stake in Roku during the 4th quarter worth $30,000. Game Plan Financial Advisors LLC bought a new stake in Roku during the 4th quarter worth $37,000. Harvest Fund Management Co. Ltd grew its position in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after acquiring an additional 491 shares during the last quarter. Finally, Allianz SE bought a new stake in Roku during the 4th quarter worth $39,000. Institutional investors own 86.30% of the company's stock.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total value of $199,900.00. Following the transaction, the chief financial officer now owns 56,555 shares in the company, valued at approximately $5,652,672.25. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles Collier sold 7,181 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the transaction, the insider now owns 7,380 shares in the company, valued at approximately $577,485. The trade was a 49.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,111 shares of company stock worth $1,365,112. Corporate insiders own 13.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ROKU. JMP Securities restated a "market outperform" rating and set a $95.00 price objective on shares of Roku in a research report on Friday, May 2nd. Wells Fargo & Company reduced their price objective on Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Pivotal Research reduced their price objective on Roku from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Loop Capital reduced their price target on Roku from $90.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, May 2nd. Finally, Benchmark reissued a "buy" rating and issued a $130.00 price target on shares of Roku in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $87.93.

Roku Price Performance

Shares of Roku stock opened at $71.37 on Friday. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The stock's 50-day moving average is $65.92 and its 200 day moving average is $74.43. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of -80.19 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.35) earnings per share. On average, sell-side analysts expect 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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