Amalgamated Bank Sells 280 Shares of Roku, Inc. (NASDAQ:ROKU)

Amalgamated Bank cut its stake in Roku, Inc. (NASDAQ:ROKU) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,945 shares of the company’s stock after selling 280 shares during the period. Amalgamated Bank’s holdings in Roku were worth $519,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ROKU. EverSource Wealth Advisors LLC boosted its holdings in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Roku in the third quarter valued at approximately $43,000. Cedar Wealth Management LLC acquired a new position in Roku in the second quarter valued at approximately $48,000. Natixis acquired a new position in Roku in the first quarter valued at approximately $53,000. Finally, Versant Capital Management Inc lifted its stake in Roku by 706.2% in the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock valued at $55,000 after buying an additional 798 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ROKU. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Friday, August 23rd. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target on the stock in a research note on Thursday, September 12th. Loop Capital upped their target price on Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Wedbush upped their target price on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Benchmark reiterated a “buy” rating and set a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $83.95.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the completion of the transaction, the chief financial officer now owns 54,267 shares in the company, valued at $4,087,933.11. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the transaction, the chief executive officer now owns 5,020 shares of the company’s stock, valued at approximately $376,500. The trade was a 83.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,776 shares of company stock worth $5,267,305. 13.98% of the stock is currently owned by insiders.

Roku Price Performance

ROKU opened at $68.87 on Friday. The stock’s 50 day simple moving average is $74.36 and its 200 day simple moving average is $64.70. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of -57.39 and a beta of 2.07.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned ($2.33) EPS. As a group, sell-side analysts anticipate that Roku, Inc. will post -1.1 EPS for the current 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.