Roku, Inc. (NASDAQ:ROKU) Position Increased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 123.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 679 shares of the company’s stock after buying an additional 375 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Roku were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ROKU. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Roku by 24.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock worth $478,939,000 after buying an additional 1,457,925 shares during the period. Nikko Asset Management Americas Inc. grew its stake in shares of Roku by 25.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock worth $462,108,000 after purchasing an additional 1,455,408 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Roku during the fourth quarter valued at $35,856,000. Vanguard Group Inc. raised its stake in shares of Roku by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock valued at $1,086,533,000 after purchasing an additional 380,409 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Roku by 138.1% in the first quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock worth $22,314,000 after purchasing an additional 198,600 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total value of $75,330.00. Following the transaction, the chief financial officer now owns 54,267 shares in the company, valued at approximately $4,087,933.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now owns 54,267 shares of the company’s stock, valued at approximately $4,087,933.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles Collier sold 15,454 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the completion of the transaction, the insider now directly owns 200 shares in the company, valued at $15,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,945 shares of company stock worth $3,465,135. 13.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Macquarie lowered their target price on shares of Roku from $88.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Rosenblatt Securities lowered their price objective on shares of Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Guggenheim upgraded 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. Citigroup lifted their price target on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of Roku in a report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.10.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $74.41 on Friday. The firm has a 50 day simple moving average of $64.43 and a 200 day simple moving average of $61.55. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The company has a market cap of $10.77 billion, a PE ratio of -18.65 and a beta of 2.06.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company had revenue of $968.18 million during the quarter, compared to analyst estimates of $937.78 million. During the same quarter in the prior year, the company earned ($0.76) earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts predict that Roku, Inc. will post -1.44 earnings per share 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.