SRS Capital Advisors Inc. Purchases 1,258 Shares of Roku, Inc. (NASDAQ:ROKU)

SRS Capital Advisors Inc. boosted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 37.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,651 shares of the company’s stock after purchasing an additional 1,258 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Roku were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Raelipskie Partnership bought a new stake in Roku during the 3rd quarter worth about $32,000. Game Plan Financial Advisors LLC bought a new stake in Roku during the 4th quarter worth about $37,000. GS Investments Inc. raised its holdings in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in Roku by 52.8% during the 4th quarter. Allworth Financial LP now owns 634 shares of the company’s stock worth $50,000 after purchasing an additional 219 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now owns 26,538 shares in the company, valued at $2,116,936.26. This represents a 48.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Dan Jedda sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total value of $199,900.00. Following the sale, the chief financial officer now owns 56,555 shares in the company, valued at approximately $5,652,672.25. This represents a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,221 shares of company stock valued at $9,647,087 in the last quarter. 13.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROKU has been the subject of several recent research reports. JMP Securities boosted their price objective on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Pivotal Research upgraded Roku from a “hold” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. Citizens Jmp upgraded Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Bank of America boosted their target price on Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Moffett Nathanson lowered Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price for the company. in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and an average price target of $96.00.

Roku Stock Down 3.9 %

NASDAQ:ROKU opened at $80.26 on Tuesday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The business has a 50 day moving average price of $82.14 and a two-hundred day moving average price of $76.36. The company has a market cap of $11.71 billion, a P/E ratio of -90.18 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

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.