Allstate Corp Invests $275,000 in Roku, Inc. (NASDAQ:ROKU)

Allstate Corp acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,705 shares of the company's stock, valued at approximately $275,000.

Several other large investors also recently made changes to their positions in the business. Entropy Technologies LP raised its holdings in shares of Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock valued at $1,898,000 after buying an additional 18,520 shares during the period. National Bank of Canada FI raised its stake in shares of Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock valued at $11,259,000 after purchasing an additional 149,514 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Roku by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock valued at $73,661,000 after purchasing an additional 34,898 shares during the period. Achmea Investment Management B.V. boosted its stake in shares of Roku by 146.4% in the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock valued at $756,000 after purchasing an additional 6,042 shares during the period. Finally, Oak Thistle LLC acquired a new stake in Roku during the 4th quarter valued at $823,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now owns 6,243 shares in the company, valued at $468,225. This represents a 42.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Dan Jedda sold 5,000 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the sale, the chief financial officer now owns 58,555 shares in the company, valued at $5,878,922. This trade represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock valued at $8,632,306 in the last ninety days. Company insiders own 13.98% of the company's stock.

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Roku Stock Performance

Shares of Roku stock traded down $4.98 on Friday, reaching $55.28. 6,952,192 shares of the company were exchanged, compared to its average volume of 3,739,829. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of -62.11 and a beta of 2.17. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The company's 50-day moving average is $80.17 and its two-hundred day moving average is $77.50.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on ROKU. JMP Securities boosted their price objective on shares of Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and boosted their price target for the stock from $55.00 to $100.00 in a research note on Thursday, February 20th. Bank of America assumed coverage on Roku in a research note on Thursday, March 27th. They set a "buy" rating and a $100.00 price objective for the company. Citizens Jmp raised Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, UBS Group upgraded Roku from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $96.55.

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.