181,242 Shares in Roku, Inc. (NASDAQ:ROKU) Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 181,242 shares of the company’s stock, valued at approximately $16,613,000. Roku accounts for 0.8% of Vestmark Advisory Solutions Inc.’s holdings, making the stock its 23rd largest holding.

A number of other hedge funds have also recently modified their holdings of ROKU. GAMMA Investing LLC purchased a new position in Roku during the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Roku during the fourth quarter valued at $29,000. Federated Hermes Inc. bought a new position in shares of Roku in the third quarter worth about $37,000. Headinvest LLC purchased a new position in Roku in the 3rd quarter worth about $42,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Roku by 1,822.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 596 shares of the company’s stock valued at $55,000 after buying an additional 565 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles Collier sold 12,277 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total transaction of $798,741.62. Following the transaction, the insider now directly owns 4,292 shares of the company’s stock, valued at approximately $279,237.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,751 shares of company stock valued at $4,375,835. Company insiders own 13.63% of the company’s stock.

Roku Price Performance

NASDAQ:ROKU traded down $0.84 during trading hours on Friday, hitting $59.11. 3,904,550 shares of the company were exchanged, compared to its average volume of 4,960,037. Roku, Inc. has a 52-week low of $51.62 and a 52-week high of $108.84. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of -14.81 and a beta of 1.69. The company’s 50 day moving average price is $62.07 and its 200-day moving average price is $78.20.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same period in the previous year, the company earned ($1.38) earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, equities analysts predict that Roku, Inc. will post -1.94 earnings per share for the current year.

Wall Street Analyst Weigh In

ROKU has been the topic of a number of research reports. Stephens reaffirmed an “overweight” rating and set a $105.00 target price on shares of Roku in a research report on Friday, February 16th. Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Roku in a report on Friday, April 26th. Wells Fargo & Company upped their target price on Roku from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Rosenblatt Securities restated a “neutral” rating and issued a $89.00 price objective on shares of Roku in a report on Friday, April 26th. Finally, Seaport Res Ptn raised shares of Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Roku currently has an average rating of “Hold” and an average price target of $82.50.

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.