Clare Market Investments LLC Makes New Investment in Roku, Inc. (NASDAQ:ROKU)

Clare Market Investments LLC purchased a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,363 shares of the company's stock, valued at approximately $324,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in 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 acquiring an additional 270 shares during the period. Vision Financial Markets LLC acquired a new stake in shares of Roku during the 4th quarter worth approximately $30,000. Raelipskie Partnership acquired a new position in Roku during the 3rd quarter valued at approximately $32,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the 4th quarter valued at approximately $37,000. Finally, GS Investments Inc. grew its stake in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company's stock worth $44,000 after buying an additional 147 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROKU has been the subject of several analyst reports. 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. Pivotal Research raised shares of Roku from a "hold" rating to a "buy" rating and boosted their target price for the company from $65.00 to $125.00 in a research note on Friday, February 14th. Baird R W upgraded shares of Roku from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and boosted their price objective for the stock from $55.00 to $100.00 in a research report on Thursday, February 20th. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Roku has a consensus rating of "Moderate Buy" and an average price target of $96.71.

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Roku Stock Performance

Shares of NASDAQ ROKU traded down $3.33 during trading on Thursday, hitting $67.63. The company had a trading volume of 3,681,955 shares, compared to its average volume of 3,786,615. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The business's 50-day moving average is $81.92 and its 200 day moving average is $77.01. The company has a market cap of $9.87 billion, a P/E ratio of -75.99 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.15 billion. On average, research analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 5,000 shares of Roku stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the transaction, the chief financial officer now owns 58,555 shares in the company, valued at approximately $5,878,922. The trade was a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,308 shares of company stock valued at $8,296,166. 13.98% of the stock is currently 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.