Roku, Inc. (NASDAQ:ROKU) Stake Lowered by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC decreased its stake in Roku, Inc. (NASDAQ:ROKU) by 43.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 365 shares of the company’s stock after selling 280 shares during the period. EverSource Wealth Advisors LLC’s holdings in Roku were worth $27,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. lifted its stake in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares during the last quarter. Vision Financial Markets LLC bought a new stake in Roku in the 4th quarter valued at about $30,000. Raelipskie Partnership acquired a new position in Roku during the 3rd quarter valued at about $32,000. Game Plan Financial Advisors LLC bought a new position in Roku in the 4th quarter worth about $37,000. Finally, GS Investments Inc. increased its stake in shares of Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares of the company’s stock, valued at $4,905,174.90. This trade represents a 1.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $2,510,000.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,664,415.20. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,308 shares of company stock worth $8,213,436. 13.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Roku in a report on Tuesday, January 7th. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $125.00 in a report on Friday, February 14th. UBS Group increased their target price on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, Moffett Nathanson upgraded shares of 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.71.

Roku Price Performance

Roku stock opened at $73.82 on Friday. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm’s 50 day simple moving average is $80.91 and its 200-day simple moving average is $77.07. The company has a market cap of $10.77 billion, a P/E ratio of -82.94 and a beta of 2.12.

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

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.