Quest Partners LLC Sells 1,015 Shares of Roku, Inc. (NASDAQ:ROKU)

Quest Partners LLC lowered its position in Roku, Inc. (NASDAQ:ROKU) by 54.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 857 shares of the company’s stock after selling 1,015 shares during the period. Quest Partners LLC’s holdings in Roku were worth $51,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Quarry LP lifted its holdings in Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 266 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Roku by 43.5% during the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Roku by 835.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after purchasing an additional 610 shares in the last quarter. Natixis acquired a new stake in Roku during the first quarter worth approximately $53,000. Finally, Versant Capital Management Inc increased its holdings in Roku by 706.2% in the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock worth $55,000 after purchasing an additional 798 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Charles Collier sold 15,454 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,159,050.00. Following the transaction, the insider now owns 200 shares in the company, valued at $15,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $376,500. The disclosure for this sale can be found here. Insiders sold 45,945 shares of company stock worth $3,389,805 in the last quarter. 13.98% of the stock is currently owned by company insiders.

Roku Stock Performance

Roku stock opened at $77.36 on Thursday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84. The firm’s 50-day simple moving average is $62.70 and its 200 day simple moving average is $60.96. The stock has a market cap of $11.15 billion, a PE ratio of -19.39 and a beta of 2.06.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. The firm had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.76) EPS. As a group, analysts predict that Roku, Inc. will post -1.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ROKU shares. Benchmark restated a “buy” rating and set a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Roku in a report on Friday, September 13th. Macquarie decreased their price target on shares of Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Bank of America cut their price objective on shares of Roku from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.75.

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.