Sigma Planning Corp Increases Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Sigma Planning Corp lifted its stake in Roku, Inc. (NASDAQ:ROKU) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,256 shares of the company’s stock after purchasing an additional 370 shares during the quarter. Sigma Planning Corp’s holdings in Roku were worth $616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROKU. EverSource Wealth Advisors LLC boosted its holdings in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Roku during the 3rd quarter valued at $43,000. Cedar Wealth Management LLC purchased a new position in Roku during the 2nd quarter valued at $48,000. Natixis purchased a new position in Roku during the 1st quarter valued at $53,000. Finally, Versant Capital Management Inc boosted its holdings in Roku by 706.2% during the 2nd quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock valued at $55,000 after acquiring an additional 798 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the sale, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. This represents a 83.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the sale, the insider now owns 38,602 shares in the company, valued at $2,485,582.78. The trade was a 4.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,776 shares of company stock worth $5,267,305. 13.98% of the stock is currently owned by insiders.

Roku Stock Performance

Roku stock opened at $74.32 on Friday. The business’s 50-day simple moving average is $74.12 and its two-hundred day simple moving average is $64.51. The company has a market cap of $10.79 billion, a PE ratio of -61.93 and a beta of 2.07. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.33) EPS. As a group, analysts predict that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Piper Sandler upped their target price on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Morgan Stanley upped their target price on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Rosenblatt Securities upped their target price on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Loop Capital upped their target price on Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Roku currently has a consensus rating of “Hold” and a consensus target price of $83.95.

Roku 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.