3,705 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by Allstate Corp

Allstate Corp purchased a new stake in Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,705 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds have also recently bought and sold shares of the company. Entropy Technologies LP grew its holdings in shares of Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after purchasing an additional 18,520 shares during the last quarter. National Bank of Canada FI boosted its position in Roku by 11,626.3% in the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after buying an additional 149,514 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Roku by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock worth $73,661,000 after buying an additional 34,898 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in shares of Roku by 146.4% during the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company’s stock worth $756,000 after buying an additional 6,042 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Roku in the fourth quarter valued at approximately $823,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Stock Up 1.2 %

Shares of ROKU stock opened at $71.42 on Thursday. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of -80.25 and a beta of 2.17. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a fifty day moving average of $80.64 and a 200-day moving average of $77.62.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,116,936.26. This represents a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now owns 68,843 shares in the company, valued at approximately $5,163,225. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,905 shares of company stock worth $8,632,306. Company insiders own 13.98% of the company’s stock.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent analyst reports. FBN Securities began coverage on Roku in a report on Friday, March 28th. They set an “outperform” rating and a $93.00 price target for the company. UBS Group upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Compass Point began coverage on shares of Roku in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. Jefferies Financial Group upgraded shares of Roku from an “underperform” rating to a “hold” rating and raised their price objective for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. Finally, Benchmark boosted their target price on shares of Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.55.

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.