Smartleaf Asset Management LLC Has $59,000 Holdings in Roku, Inc. (NASDAQ:ROKU)

Smartleaf Asset Management LLC increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 47.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 785 shares of the company’s stock after buying an additional 251 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Roku were worth $59,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. GS Investments Inc. raised its stake in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the period. True Vision MN LLC raised its stake in shares of Roku by 3.1% in the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after purchasing an additional 152 shares during the period. Richard W. Paul & Associates LLC raised its stake in shares of Roku by 1.1% in the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock valued at $1,189,000 after purchasing an additional 177 shares during the period. CIBC Asset Management Inc raised its stake in shares of Roku by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock valued at $287,000 after purchasing an additional 191 shares during the period. Finally, PFG Investments LLC raised its stake in shares of Roku by 4.9% in the 4th quarter. PFG Investments LLC now owns 4,361 shares of the company’s stock valued at $324,000 after purchasing an additional 204 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Performance

Roku stock opened at $71.15 on Tuesday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The stock has a market capitalization of $10.38 billion, a P/E ratio of -79.94 and a beta of 2.12. The stock has a 50-day simple moving average of $82.22 and a 200 day simple moving average of $77.11.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.15 billion. Research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

ROKU has been the topic of several recent research reports. Citigroup lifted their price target on Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Wells Fargo & Company raised Roku from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $74.00 to $129.00 in a research note on Friday, February 14th. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and lifted their price target for the company from $65.00 to $125.00 in a research note on Friday, February 14th. JMP Securities lifted their price target on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Finally, Loop Capital lifted their price target on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.71.

Insider Transactions at Roku

In related news, CAO Matthew C. Banks sold 1,906 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 directly owns 7,256 shares in the company, valued at approximately $583,092.16. The trade was a 20.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the sale, the chief financial officer now owns 64,555 shares of the company’s stock, valued at approximately $5,340,635.15. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,308 shares of company stock worth $8,296,166 over the last quarter. Company insiders own 13.98% of the company’s stock.

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.