Quantinno Capital Management LP Acquires 13,049 Shares of Roku, Inc. (NASDAQ:ROKU)

Quantinno Capital Management LP lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 21.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,289 shares of the company's stock after purchasing an additional 13,049 shares during the period. Quantinno Capital Management LP owned approximately 0.05% of Roku worth $5,546,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. GS Investments Inc. raised its holdings 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 purchasing an additional 147 shares during the last quarter. PFG Investments LLC grew its position in shares of Roku by 3.7% during the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company's stock worth $310,000 after buying an additional 150 shares during the period. True Vision MN LLC raised its stake in shares of Roku by 3.1% during the third quarter. True Vision MN LLC now owns 5,018 shares of the company's stock worth $375,000 after buying an additional 152 shares during the last quarter. Mcdonald Partners LLC raised its stake in shares of Roku by 0.9% during the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company's stock worth $1,175,000 after buying an additional 175 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Roku by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company's stock valued at $352,000 after buying an additional 202 shares during the period. 86.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and set a $100.00 price objective (up from $85.00) on shares of Roku in a research note on Friday. Piper Sandler raised 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. Citigroup upped their price target on shares of Roku from $60.00 to $77.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of Roku in a report on Wednesday. Finally, Guggenheim raised shares of Roku from a "neutral" rating to a "buy" rating and set a $75.00 target price for the company in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Roku presently has an average rating of "Moderate Buy" and a consensus target price of $83.33.

Insider Activity at Roku

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the sale, the chief accounting officer now directly owns 7,264 shares in the company, valued at $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Charles Collier sold 15,454 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,159,050.00. Following the completion of the transaction, the insider now directly owns 200 shares in the company, valued at $15,000. The trade was a 98.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,550 shares of company stock worth $6,621,873. Company insiders own 13.98% of the company's stock.

Roku Trading Up 2.5 %

Shares of Roku stock traded up $2.09 during trading on Friday, hitting $84.12. 4,228,352 shares of the stock were exchanged, compared to its average volume of 4,205,639. The company has a fifty day moving average price of $74.22 and a 200-day moving average price of $66.06. The stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of -70.10 and a beta of 2.06. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the business earned ($2.33) earnings per share. The business's revenue was up 16.5% compared to the same quarter last year. Equities research analysts forecast that Roku, Inc. will post -1.1 EPS for the current fiscal 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.