Roku, Inc. (NASDAQ:ROKU) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 38.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,636 shares of the company’s stock after buying an additional 28,347 shares during the quarter. Quantinno Capital Management LP owned 0.07% of Roku worth $7,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC acquired a new stake in shares of Roku in the fourth quarter valued at approximately $30,000. Game Plan Financial Advisors LLC acquired a new stake in shares of Roku in the fourth quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd grew its position in shares of Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after purchasing an additional 491 shares during the last quarter. Finally, Allianz SE acquired a new stake in shares of Roku in the fourth quarter valued at approximately $39,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roku

In related news, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now owns 7,256 shares of the company’s stock, valued at $583,092.16. The trade was a 20.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Dan Jedda sold 2,000 shares of Roku stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total transaction of $199,900.00. Following the sale, the chief financial officer now directly owns 56,555 shares in the company, valued at $5,652,672.25. This trade represents a 3.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,111 shares of company stock worth $1,365,112. 13.98% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Compass Point initiated coverage on shares of Roku in a report on Sunday, March 23rd. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded shares of Roku from an “underperform” rating to a “hold” rating and upped their target price for the company from $55.00 to $100.00 in a report on Thursday, February 20th. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price on the stock in a report on Tuesday, March 4th. Finally, Piper Sandler started coverage on shares of Roku in a research report on Thursday, April 17th. They set a “neutral” rating and a $65.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.93.

Roku Stock Down 2.5%

Shares of ROKU opened at $70.07 on Friday. The firm has a market cap of $10.23 billion, a PE ratio of -78.73 and a beta of 2.06. The company’s fifty day moving average is $65.88 and its two-hundred day moving average is $74.47. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.35) EPS. As a group, equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current 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.