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

Sigma Planning Corp boosted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Roku during the third quarter worth approximately $43,000. Cedar Wealth Management LLC purchased a new position in Roku during the second quarter worth approximately $48,000. Natixis purchased a new position in Roku during the first quarter worth approximately $53,000. Finally, Versant Capital Management Inc boosted its position in 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 purchasing an additional 798 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $376,500. The trade was a 83.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider now directly owns 38,602 shares in the company, valued at $2,485,582.78. This trade represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,776 shares of company stock worth $5,267,305 in the last quarter. Company insiders own 13.98% of the company’s stock.

Roku Stock Performance

ROKU opened at $74.32 on Friday. The business’s 50-day simple moving average is $74.12 and its 200-day simple moving average is $64.51. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The stock has a market capitalization of $10.79 billion, a P/E ratio of -61.93 and a beta of 2.07.

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

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of research analyst reports. Loop Capital increased their target price on Roku from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Roku in a report on Thursday, October 31st. Macquarie reissued an “outperform” rating and set a $90.00 target price on shares of Roku in a report on Thursday, October 31st. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price for the company in a report on Thursday, September 12th. Finally, Rosenblatt Securities increased their target price on Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.