Roku, Inc. (NASDAQ:ROKU) Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,489 shares of the company’s stock after acquiring an additional 385 shares during the quarter. Harbour Investments Inc.’s holdings in Roku were worth $260,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares during the period. Future Financial Wealth Managment LLC bought a new position in Roku during the 3rd quarter worth $43,000. Cedar Wealth Management LLC bought a new stake in Roku in the second quarter valued at $48,000. Natixis acquired a new position in shares of Roku during the first quarter valued at $53,000. Finally, Versant Capital Management Inc grew its position in shares of Roku by 706.2% during the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock worth $55,000 after acquiring an additional 798 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROKU. Wedbush boosted their price target on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Bank of America boosted their price target on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. Robert W. Baird lifted their target price on shares of Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Benchmark reaffirmed a “buy” rating and issued a $105.00 price target on shares of Roku in a research report on Thursday, September 12th. Finally, Wells Fargo & Company raised their target price on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Hold” and a consensus price target of $83.95.

Roku Stock Performance

ROKU opened at $68.87 on Monday. The company has a fifty day moving average price of $74.36 and a two-hundred day moving average price of $64.70. The firm has a market capitalization of $10.00 billion, a PE ratio of -57.39 and a beta of 2.07. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84.

Roku (NASDAQ:ROKU) last released its 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.33) earnings per share. Equities analysts forecast that Roku, Inc. will post -1.1 EPS for the current year.

Insider Buying and Selling at Roku

In related news, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 38,602 shares in the company, valued at approximately $2,485,582.78. The trade was a 4.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction 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 trade represents a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,776 shares of company stock valued at $5,267,305. Corporate insiders own 13.98% of the company’s stock.

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.