Blueshift Asset Management LLC Purchases New Holdings in Roku, Inc. (NASDAQ:ROKU)

Blueshift Asset Management LLC purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 28,896 shares of the company’s stock, valued at approximately $2,157,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co lifted its position in shares of Roku by 127.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 49,912 shares of the company’s stock valued at $3,255,000 after buying an additional 27,940 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Roku by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,174 shares of the company’s stock valued at $4,640,000 after purchasing an additional 3,104 shares during the last quarter. California State Teachers Retirement System boosted its position in Roku by 1.1% during the first quarter. California State Teachers Retirement System now owns 197,106 shares of the company’s stock worth $12,845,000 after purchasing an additional 2,190 shares during the period. Beacon Capital Management LLC increased its holdings in shares of Roku by 17.7% in the first quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock valued at $101,000 after purchasing an additional 233 shares during the last quarter. Finally, Plato Investment Management Ltd raised its position in shares of Roku by 564.6% in the first quarter. Plato Investment Management Ltd now owns 3,044 shares of the company’s stock valued at $198,000 after purchasing an additional 2,586 shares during the period. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ROKU shares. JPMorgan Chase & Co. increased their price target on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Loop Capital increased their target price on shares of Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Roku Price Performance

Roku stock opened at $66.31 on Wednesday. The business has a 50 day moving average of $74.16 and a 200-day moving average of $65.25. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The company has a market capitalization of $9.63 billion, a P/E ratio of -55.26 and a beta of 2.07.

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 the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned ($2.33) earnings per share. Equities analysts anticipate that Roku, Inc. will post -1.1 EPS for the current year.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the sale, the insider now directly owns 3,790 shares in the company, valued at $269,620.60. This trade represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,240 shares of company stock worth $6,729,582. Insiders own 13.98% of the company’s stock.

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.