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

Allstate Corp acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,705 shares of the company's stock, valued at approximately $275,000.

Other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new position in shares of Roku during the fourth quarter valued at approximately $30,000. Raelipskie Partnership acquired a new stake in Roku during the third quarter worth approximately $32,000. Game Plan Financial Advisors LLC purchased a new stake in Roku in the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after acquiring an additional 491 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roku

In related news, insider Charles Collier sold 7,181 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the sale, the insider now directly owns 7,380 shares of the company's stock, valued at $577,485. The trade was a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the sale, the chief financial officer now owns 63,555 shares in the company, valued at $4,905,174.90. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,905 shares of company stock worth $8,632,306 in the last 90 days. 13.98% of the stock is owned by corporate insiders.

Roku Stock Performance

Shares of ROKU stock traded down $4.98 on Friday, hitting $55.28. The stock had a trading volume of 6,952,192 shares, compared to its average volume of 3,732,671. The stock's 50 day moving average is $79.65 and its 200-day moving average is $77.39. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of -62.11 and a beta of 2.17. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.15 billion. Equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

ROKU has been the subject of a number of recent analyst reports. FBN Securities assumed coverage on Roku in a research report on Friday, March 28th. They issued an "outperform" rating and a $93.00 price objective for the company. Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and lifted their price target for the company from $55.00 to $100.00 in a report on Thursday, February 20th. Pivotal Research upgraded shares of Roku from a "hold" rating to a "buy" rating and increased their price objective for the stock from $65.00 to $125.00 in a report on Friday, February 14th. Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $74.00 to $129.00 in a report on Friday, February 14th. Finally, UBS Group raised shares of Roku from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roku currently has a consensus rating of "Moderate Buy" and an average price target of $96.55.

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.