C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 3,129 Roku, Inc. (NASDAQ:ROKU)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,129 shares of the company's stock, valued at approximately $233,000.

Several other hedge funds also recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. lifted its position in shares of Roku by 369.9% during the fourth 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. Raelipskie Partnership bought a new stake in Roku during the 3rd quarter valued at about $32,000. GS Investments Inc. lifted its holdings in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after buying an additional 147 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Roku by 50.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 991 shares of the company's stock valued at $74,000 after buying an additional 333 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of Roku by 24.9% during the fourth quarter. Fifth Third Bancorp now owns 1,119 shares of the company's stock worth $83,000 after acquiring an additional 223 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROKU has been the topic of several research analyst reports. Pivotal Research raised 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 research note on Friday. Piper Sandler increased their price target on Roku from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Citizens Jmp upgraded Roku to a "strong-buy" rating in a report on Tuesday, January 21st. Rosenblatt Securities reiterated a "neutral" rating and set a $86.00 target price on shares of Roku in a report on Thursday, February 13th. Finally, Loop Capital boosted their price target on shares of Roku from $70.00 to $80.00 and gave the company a "hold" rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.62.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction 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 directly owns 63,555 shares of the company's stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the transaction, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,421 shares of company stock worth $6,448,886 over the last three months. 13.98% of the stock is currently owned by insiders.

Roku Price Performance

Roku stock traded down $2.82 during mid-day trading on Tuesday, reaching $96.25. 3,269,804 shares of the company traded hands, compared to its average volume of 3,688,247. The firm's fifty day moving average is $80.86 and its two-hundred day moving average is $74.18. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of -80.78 and a beta of 2.05. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities research analysts predict that Roku, Inc. will post -1.09 earnings per share for the current year.

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.