Proficio Capital Partners LLC Takes $3.38 Million Position in Roku, Inc. (NASDAQ:ROKU)

Proficio Capital Partners LLC bought a new stake in Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, Holdings Channel reports. The fund bought 45,422 shares of the company’s stock, valued at approximately $3,377,000.

Other hedge funds also recently modified their holdings of the company. Entropy Technologies LP boosted its stake in shares of Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after purchasing an additional 18,520 shares during the last quarter. Holocene Advisors LP bought a new position in shares of Roku in the 3rd quarter valued at about $129,015,000. National Bank of Canada FI boosted its stake in shares of Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after purchasing an additional 149,514 shares during the last quarter. EULAV Asset Management boosted its stake in shares of Roku by 59.1% in the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after purchasing an additional 68,000 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new position in shares of Roku in the 3rd quarter valued at about $2,157,000. Institutional investors own 86.30% of the company’s stock.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 63,555 shares of the company’s stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,221 shares of company stock worth $9,647,087 over the last ninety days. Insiders own 13.98% of the company’s stock.

Roku Stock Up 0.2 %

NASDAQ ROKU opened at $80.41 on Wednesday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The company has a market capitalization of $11.74 billion, a PE ratio of -90.35 and a beta of 2.12. The firm’s 50 day moving average is $82.17 and its 200-day moving average is $76.51.

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

Wall Street Analysts Forecast Growth

ROKU has been the topic of several recent analyst reports. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. Benchmark lifted their price objective on shares of Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. UBS Group lifted their price objective on shares of Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Bank of America lifted their price objective on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Loop Capital lifted their price objective on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and an average target price of $96.71.

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.