Duality Advisers LP Acquires 1,228 Shares of Roku, Inc. (NASDAQ:ROKU)

Duality Advisers LP grew its position in Roku, Inc. (NASDAQ:ROKU) by 14.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,012 shares of the company’s stock after acquiring an additional 1,228 shares during the period. Duality Advisers LP’s holdings in Roku were worth $918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Roku by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,473,538 shares of the company’s stock valued at $809,917,000 after buying an additional 78,185 shares during the period. FMR LLC boosted its stake in Roku by 85.9% in the 3rd quarter. FMR LLC now owns 9,441,349 shares of the company’s stock worth $666,465,000 after purchasing an additional 4,363,754 shares during the period. Wellington Management Group LLP boosted its stake in Roku by 34.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock worth $179,516,000 after purchasing an additional 653,940 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Roku by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 836,199 shares of the company’s stock worth $59,027,000 after purchasing an additional 22,052 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new position in Roku in the 3rd quarter worth $55,182,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Up 0.1 %

Roku stock opened at $61.83 on Thursday. The stock has a market cap of $8.87 billion, a P/E ratio of -12.32 and a beta of 1.66. Roku, Inc. has a twelve month low of $51.62 and a twelve month high of $108.84. The company’s 50-day moving average price is $63.74 and its two-hundred day moving average price is $78.70.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.65) by $0.10. The firm had revenue of $984.40 million for the quarter, compared to analysts’ expectations of $967.72 million. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.70) EPS. Equities analysts anticipate that Roku, Inc. will post -2.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ROKU shares. Stephens reaffirmed an “overweight” rating and issued a $105.00 target price on shares of Roku in a research note on Friday, February 16th. Wells Fargo & Company reduced their target price on shares of Roku from $51.00 to $45.00 and set an “underweight” rating for the company in a research note on Friday, April 12th. Susquehanna increased their price objective on shares of Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Friday, February 16th. Finally, Wedbush reduced their price objective on shares of Roku from $120.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Five 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $84.76.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,545 shares of company stock valued at $4,364,035. 13.63% of the stock is currently owned by company insiders.

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.