Roku, Inc. (NASDAQ:ROKU) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. trimmed its position in Roku, Inc. (NASDAQ:ROKU) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,623 shares of the company’s stock after selling 600 shares during the quarter. Centaurus Financial Inc.’s holdings in Roku were worth $149,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ROKU. GAMMA Investing LLC acquired a new position in Roku in the 4th quarter valued at about $27,000. Creative Financial Designs Inc. ADV acquired a new position in Roku in the 4th quarter valued at about $29,000. Federated Hermes Inc. acquired a new position in shares of Roku in the 3rd quarter worth approximately $37,000. Quarry LP lifted its holdings in shares of Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares during the last quarter. Finally, Headinvest LLC purchased a new stake in Roku during the 3rd quarter worth approximately $42,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ROKU. Susquehanna dropped their price objective on shares of Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Benchmark dropped their price objective on shares of Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Seaport Res Ptn raised shares of Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Wells Fargo & Company increased their price objective on shares of Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Finally, Citigroup dropped their price objective on shares of Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 30th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Roku has an average rating of “Hold” and a consensus price target of $82.50.

Insider Activity

In other news, insider Charles Collier sold 7,181 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total value of $409,532.43. Following the completion of the transaction, the insider now owns 15,654 shares in the company, valued at approximately $892,747.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Roku news, SVP Stephen H. Kay sold 3,322 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $57.09, for a total transaction of $189,652.98. Following the completion of the transaction, the senior vice president now directly owns 82,036 shares in the company, valued at approximately $4,683,435.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total transaction of $409,532.43. Following the transaction, the insider now owns 15,654 shares of the company’s stock, valued at $892,747.62. The disclosure for this sale can be found here. Insiders sold 23,898 shares of company stock worth $1,347,966 in the last 90 days. 13.98% of the stock is currently owned by corporate insiders.

Roku Stock Down 2.7 %

Shares of ROKU opened at $52.53 on Wednesday. The company has a 50-day simple moving average of $58.48 and a 200-day simple moving average of $72.99. The company has a market capitalization of $7.57 billion, a PE ratio of -13.17 and a beta of 1.92. Roku, Inc. has a 52-week low of $52.50 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.38) EPS. On average, research analysts anticipate that Roku, Inc. will post -1.94 EPS for the current year.

About Roku

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.