SRS Capital Advisors Inc. Acquires 1,258 Shares of Roku, Inc. (NASDAQ:ROKU)

SRS Capital Advisors Inc. boosted its holdings in Roku, Inc. (NASDAQ:ROKU) by 37.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,651 shares of the company’s stock after acquiring an additional 1,258 shares during the period. SRS Capital Advisors Inc.’s holdings in Roku were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. raised its stake in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Raelipskie Partnership bought a new stake in Roku in the 3rd quarter valued at $32,000. Game Plan Financial Advisors LLC bought a new stake in Roku in the 4th quarter valued at $37,000. GS Investments Inc. raised its stake in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares during the period. Finally, Allworth Financial LP raised its stake in Roku by 52.8% in the 4th quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $50,000 after acquiring an additional 219 shares during the period. Institutional investors own 86.30% of the company’s stock.

Roku Stock Down 3.9 %

NASDAQ:ROKU opened at $80.26 on Tuesday. The stock’s 50-day simple moving average is $82.14 and its 200 day simple moving average is $76.36. The firm has a market capitalization of $11.71 billion, a PE ratio of -90.18 and a beta of 2.05. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. The business 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%. On average, analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ROKU has been the topic of a number of research reports. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $125.00 in a report on Friday, February 14th. Benchmark upped their price objective on Roku from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and upped their price objective for the company from $55.00 to $100.00 in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.00.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the transaction, the chief financial officer now owns 63,555 shares of the company’s stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,221 shares of company stock valued at $9,647,087 over the last ninety days. 13.98% of the stock is owned by corporate insiders.

About Roku

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.