Tower Research Capital LLC TRC Sells 11,915 Shares of Roku, Inc. (NASDAQ:ROKU)

Tower Research Capital LLC TRC lowered its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 87.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,742 shares of the company's stock after selling 11,915 shares during the quarter. Tower Research Capital LLC TRC's holdings in Roku were worth $130,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after purchasing an additional 4,613,570 shares in the last quarter. Vanguard Group Inc. boosted its stake in Roku by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock valued at $910,597,000 after buying an additional 185,676 shares in the last quarter. Marshall Wace LLP grew its position in Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after acquiring an additional 2,030,036 shares during the period. Geode Capital Management LLC raised its stake in Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after acquiring an additional 56,820 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Roku by 38.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,296,900 shares of the company's stock valued at $96,412,000 after acquiring an additional 357,100 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Performance

Roku stock traded down $0.43 during mid-day trading on Friday, reaching $60.93. The company's stock had a trading volume of 3,091,895 shares, compared to its average volume of 3,769,035. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The business's 50 day simple moving average is $66.88 and its 200 day simple moving average is $74.69. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of -68.46 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the company earned ($0.35) EPS. Roku's revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now owns 68,843 shares of the company's stock, valued at $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew C. Banks sold 1,906 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the completion of the sale, the chief accounting officer now owns 7,256 shares in the company, valued at $583,092.16. This represents a 20.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,111 shares of company stock valued at $6,575,362 in the last 90 days. 13.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ROKU has been the subject of several analyst reports. Piper Sandler initiated coverage on shares of Roku in a report on Thursday, April 17th. They set a "neutral" rating and a $65.00 price target for the company. Guggenheim reiterated a "buy" rating and issued a $100.00 target price on shares of Roku in a research note on Friday, May 2nd. Citigroup decreased their price target on Roku from $81.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday. Bank of America initiated coverage on shares of Roku in a research note on Thursday, March 27th. They set a "buy" rating and a $100.00 price target on the stock. Finally, Redburn Atlantic raised shares of Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.93.

About Roku

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.