Sequoia Financial Advisors LLC Acquires 202 Shares of Roku, Inc. (NASDAQ:ROKU)

Sequoia Financial Advisors LLC increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 4.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,721 shares of the company’s stock after acquiring an additional 202 shares during the period. Sequoia Financial Advisors LLC’s holdings in Roku were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kessler Investment Group LLC lifted its stake in shares of Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after acquiring an additional 13,590 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Roku by 11.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock valued at $165,000 after purchasing an additional 222 shares in the last quarter. Blue Trust Inc. raised its position in Roku by 227.7% during the 3rd quarter. Blue Trust Inc. now owns 8,494 shares of the company’s stock valued at $634,000 after purchasing an additional 5,902 shares in the last quarter. Richard W. Paul & Associates LLC raised its position in Roku by 27.3% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 15,820 shares of the company’s stock valued at $1,181,000 after purchasing an additional 3,395 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in Roku during the 3rd quarter valued at $212,000. 86.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Roku

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the sale, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the sale, the insider now owns 38,602 shares in the company, valued at $2,485,582.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,566 shares of company stock worth $5,254,000. 13.98% of the stock is currently owned by insiders.

Roku Price Performance

Shares of ROKU stock opened at $76.05 on Tuesday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The stock’s fifty day moving average price is $72.38 and its 200 day moving average price is $63.34. The company has a market cap of $10.96 billion, a price-to-earnings ratio of -19.06 and a beta of 2.08.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.21. The business 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 quarterly 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, equities research analysts anticipate that Roku, Inc. will post -1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $105.00 target price on shares of Roku in a research report on Thursday, September 12th. 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. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price for the company in a research report on Tuesday, October 1st. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Roku in a research report on Tuesday, October 22nd. Finally, Macquarie boosted their price target on Roku from $72.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $82.30.

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.