Venturi Wealth Management LLC Purchases 406 Shares of Roku, Inc. (NASDAQ:ROKU)

Venturi Wealth Management LLC lifted its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 41.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,397 shares of the company’s stock after buying an additional 406 shares during the period. Venturi Wealth Management LLC’s holdings in Roku were worth $104,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ROKU. Entropy Technologies LP increased its holdings in 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 in the last quarter. Holocene Advisors LP acquired a new position in Roku in the third quarter valued at approximately $129,015,000. National Bank of Canada FI boosted its stake in Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after acquiring an additional 149,514 shares in the last quarter. EULAV Asset Management boosted its position in shares of Roku by 59.1% during the 3rd 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 in the last quarter. Finally, Smith Group Asset Management LLC acquired a new stake in Roku in the third quarter valued at approximately $547,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. 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 report on Friday, February 14th. Wells Fargo & Company upgraded shares of Roku from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $74.00 to $129.00 in a research report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Tuesday, January 7th. UBS Group upped their price target on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, JMP Securities boosted their price objective on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average price target of $96.00.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total transaction of $199,900.00. Following the transaction, the chief financial officer now directly owns 56,555 shares of the company’s stock, valued at approximately $5,652,672.25. This trade represents a 3.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,421 shares of company stock valued at $9,660,786. 13.98% of the stock is currently owned by corporate insiders.

Roku Stock Down 4.2 %

ROKU opened at $88.86 on Monday. The business’s fifty day simple moving average is $81.67 and its 200 day simple moving average is $75.30. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The stock has a market cap of $12.97 billion, a PE ratio of -99.84 and a beta of 2.05.

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

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.