Van ECK Associates Corp Invests $675,000 in Roku, Inc. (NASDAQ:ROKU)

Van ECK Associates Corp acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,079 shares of the company's stock, valued at approximately $675,000.

Other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after acquiring an additional 270 shares during the period. Raelipskie Partnership acquired a new stake in Roku in the 3rd quarter valued at about $32,000. GS Investments Inc. grew its position in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company's stock worth $44,000 after buying an additional 147 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Roku by 50.6% in the third quarter. Venturi Wealth Management LLC now owns 991 shares of the company's stock valued at $74,000 after acquiring an additional 333 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Roku by 24.9% during the 4th quarter. Fifth Third Bancorp now owns 1,119 shares of the company's stock worth $83,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Stock Performance

Shares of ROKU stock traded down $1.07 during trading hours on Wednesday, reaching $84.69. The company had a trading volume of 1,439,833 shares, compared to its average volume of 3,689,810. The stock's fifty day simple moving average is $81.88 and its 200 day simple moving average is $75.77. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The company has a market capitalization of $12.36 billion, a P/E ratio of -95.43 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.24) 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 the consensus estimate of $1.15 billion. As a group, equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Loop Capital boosted their target price on shares of Roku from $70.00 to $80.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Macquarie reissued an "outperform" rating and set a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. Pivotal Research raised Roku from a "hold" rating to a "buy" rating and upped their price target for the company from $65.00 to $125.00 in a report on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and set a $100.00 price objective on shares of Roku in a report on Tuesday, January 7th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $86.00 target price on shares of Roku in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Roku has an average rating of "Moderate Buy" and a consensus target price of $96.00.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku 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 transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,116,936.26. The trade was a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 5,000 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $502,000.00. Following the sale, the chief financial officer now directly owns 58,555 shares of the company's stock, valued at approximately $5,878,922. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,421 shares of company stock worth $9,660,786. Insiders own 13.98% of the company's stock.

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.