45,422 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 45,422 shares of the company’s stock, valued at approximately $3,377,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Entropy Technologies LP raised its holdings in shares of Roku by 264.4% in the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after buying an additional 18,520 shares during the last quarter. Holocene Advisors LP purchased a new position in Roku in the 3rd quarter worth $129,015,000. National Bank of Canada FI lifted its position in Roku by 11,626.3% during the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after acquiring an additional 149,514 shares during the period. EULAV Asset Management grew its stake in Roku by 59.1% during the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after purchasing an additional 68,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Roku by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock valued at $73,661,000 after purchasing an additional 34,898 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at approximately $2,116,936.26. This represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Dan Jedda sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the transaction, the chief financial officer now owns 58,555 shares in the company, valued at $5,878,922. The trade was a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,308 shares of company stock worth $8,213,436. Insiders own 13.98% of the company’s stock.

Roku Price Performance

Shares of Roku stock opened at $67.36 on Wednesday. The business has a 50 day simple moving average of $81.31 and a two-hundred day simple moving average of $77.12. The stock has a market capitalization of $9.83 billion, a P/E ratio of -75.69 and a beta of 2.12. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Citigroup boosted their target price on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target on the stock in a research report on Tuesday, March 4th. Finally, Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.71.

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.