Venturi Wealth Management LLC Raises Stake in Roku, Inc. (NASDAQ:ROKU)

Venturi Wealth Management LLC boosted its holdings in Roku, Inc. (NASDAQ:ROKU) by 41.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,397 shares of the company’s stock after acquiring an additional 406 shares during the quarter. Venturi Wealth Management LLC’s holdings in Roku were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geneos Wealth Management Inc. grew its stake in shares of Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares during the last quarter. Raelipskie Partnership bought a new stake in Roku in the third quarter worth $32,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Roku in the fourth quarter worth $37,000. GS Investments Inc. increased its holdings in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Roku by 52.8% in the 4th quarter. Allworth Financial LP now owns 634 shares of the company’s stock worth $50,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares in the company, valued at approximately $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. In the last quarter, insiders sold 109,421 shares of company stock valued at $9,660,786. Company insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Moffett Nathanson lowered shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a research note on Friday, January 10th. Loop Capital raised their price target on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their price objective on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Citigroup boosted their price target on Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.00.

Roku Stock Down 4.2 %

NASDAQ ROKU opened at $88.86 on Monday. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The company has a market capitalization of $12.97 billion, a P/E ratio of -99.84 and a beta of 2.05. The stock’s 50-day moving average price is $81.67 and its 200-day moving average price is $75.30.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results 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 the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

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.