17,550 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by Tabor Asset Management LP

Tabor Asset Management LP purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,550 shares of the company's stock, valued at approximately $1,310,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Safe Harbor Fiduciary LLC bought a new position in Roku during the third quarter valued at $172,000. Quadrature Capital Ltd bought a new position in Roku during the third quarter valued at $5,113,000. Quantinno Capital Management LP grew its holdings in Roku by 21.3% during the third quarter. Quantinno Capital Management LP now owns 74,289 shares of the company's stock valued at $5,546,000 after purchasing an additional 13,049 shares during the period. Readystate Asset Management LP bought a new position in Roku during the third quarter valued at $16,006,000. Finally, Point72 Asset Management L.P. grew its holdings in Roku by 352.5% during the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock valued at $48,653,000 after purchasing an additional 507,643 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares of the company's stock, valued at $376,500. The trade was a 83.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew C. Banks sold 8,693 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.44, for a total value 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 approximately $518,940.16. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,550 shares of company stock valued at $6,621,873. 13.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wolfe Research raised Roku from a "peer perform" rating to an "outperform" rating and set a $93.00 price target for the company in a report on Thursday, September 12th. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target (up from $85.00) on shares of Roku in a report on Friday. Morgan Stanley raised their price target on Roku from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Moffett Nathanson raised Roku from a "sell" rating to a "neutral" rating and set a $80.00 price objective for the company in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Roku from $90.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $83.33.

Roku Stock Up 2.2 %

Shares of ROKU traded up $1.80 during trading hours on Friday, hitting $83.83. The company had a trading volume of 2,682,923 shares, compared to its average volume of 4,438,615. The firm has a market cap of $12.17 billion, a P/E ratio of -69.20 and a beta of 2.06. The stock's 50 day moving average price is $74.03 and its 200 day moving average price is $65.83. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 16.5% on a year-over-year basis. On average, research analysts expect that Roku, Inc. will post -1.1 EPS for the current fiscal 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.