Roku, Inc. (NASDAQ:ROKU) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in Roku, Inc. (NASDAQ:ROKU) by 33.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 560 shares of the company’s stock after selling 280 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Roku were worth $42,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ROKU. Future Financial Wealth Managment LLC acquired a new position in shares of Roku in the third quarter worth about $43,000. EverSource Wealth Advisors LLC boosted its stake in Roku by 123.4% in 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. Geneos Wealth Management Inc. grew its position in Roku by 835.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after purchasing an additional 610 shares in the last quarter. Cedar Wealth Management LLC purchased a new position in Roku during the 2nd quarter worth approximately $48,000. Finally, Natixis acquired a new stake in Roku during the 1st quarter valued at $53,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ROKU shares. Piper Sandler lifted their price target on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Robert W. Baird upped their target price on Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Macquarie restated an “outperform” rating and set a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Wedbush boosted their price objective on shares of Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley increased their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Roku has an average rating of “Hold” and an average target price of $83.95.

Roku Trading Up 2.5 %

NASDAQ:ROKU opened at $73.82 on Friday. The firm has a market capitalization of $10.72 billion, a PE ratio of -61.52 and a beta of 2.07. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The firm’s fifty day simple moving average is $73.47 and its 200 day simple moving average is $64.16.

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

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the transaction, the chief executive officer now owns 5,020 shares of the company’s stock, valued at approximately $376,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the sale, the chief financial officer now owns 54,267 shares of the company’s stock, valued at approximately $4,087,933.11. This trade represents a 0.00 % 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, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 approximately $376,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,776 shares of company stock valued at $5,267,305. 13.98% of the stock is owned by company insiders.

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.