Game Plan Financial Advisors LLC Acquires New Position in Roku, Inc. (NASDAQ:ROKU)

Game Plan Financial Advisors LLC acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 500 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Roku by 52.8% in the fourth quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $50,000 after purchasing an additional 219 shares during the period. Rhumbline Advisers lifted its position in shares of Roku by 2.8% during the 4th quarter. Rhumbline Advisers now owns 141,348 shares of the company’s stock valued at $10,508,000 after acquiring an additional 3,795 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Roku during the 4th quarter valued at approximately $233,000. Van ECK Associates Corp acquired a new stake in shares of Roku during the 4th quarter valued at approximately $675,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Roku by 53.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,393 shares of the company’s stock valued at $253,000 after acquiring an additional 1,186 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This represents a 48.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the sale, the insider now directly owns 3,790 shares of the company’s stock, valued at approximately $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 97,885 shares of company stock valued at $7,911,162. Company insiders own 13.98% of the company’s stock.

Roku Price Performance

Shares of NASDAQ ROKU opened at $99.07 on Friday. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The firm has a fifty day moving average of $80.56 and a 200-day moving average of $73.76.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data 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. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. As a group, analysts anticipate that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Roku in a research report on Monday, February 10th. Loop Capital lifted their price objective on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Moffett Nathanson downgraded Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a research report on Friday, January 10th. Finally, Piper Sandler lifted their price objective on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.18.

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.