Quantinno Capital Management LP Acquires 13,049 Shares of Roku, Inc. (NASDAQ:ROKU)

Quantinno Capital Management LP raised its holdings in Roku, Inc. (NASDAQ:ROKU) by 21.3% during the third quarter, HoldingsChannel.com reports. The fund owned 74,289 shares of the company’s stock after purchasing an additional 13,049 shares during the period. Quantinno Capital Management LP’s holdings in Roku were worth $5,546,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Roku by 238.6% during the 2nd quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock valued at $4,407,000 after acquiring an additional 51,815 shares in the last quarter. Kessler Investment Group LLC grew its holdings in shares of Roku by 21.8% during the third quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after purchasing an additional 13,590 shares during the last quarter. Holocene Advisors LP bought a new stake in Roku during the 3rd quarter worth approximately $129,015,000. Cetera Investment Advisers lifted its holdings in shares of Roku by 240.3% during the first quarter. Cetera Investment Advisers now owns 41,805 shares of the company’s stock worth $2,724,000 after purchasing an additional 29,521 shares during the period. Finally, EULAV Asset Management grew its stake in shares of Roku by 59.1% in the third quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock worth $13,663,000 after purchasing an additional 68,000 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insider Buying and Selling at Roku

In other news, CAO Matthew C. Banks sold 8,693 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.44, for a total value of $621,027.92. Following the transaction, the chief accounting officer now owns 7,264 shares in the company, valued at $518,940.16. The trade was a 54.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. This represents a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,550 shares of company stock worth $6,621,873. Corporate insiders own 13.98% of the company’s stock.

Roku Trading Up 2.5 %

Roku stock opened at $84.12 on Friday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of -70.10 and a beta of 2.06. The firm’s fifty day moving average price is $74.22 and its two-hundred day moving average price is $66.06.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ROKU. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Roku in a report on Wednesday. Loop Capital lifted their price objective on Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price for the company in a research report on Thursday, September 12th. Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Friday, August 23rd. Finally, Morgan Stanley increased their price objective 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 given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

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.