Versor Investments LP Has $1.01 Million Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Versor Investments LP raised its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 72.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,574 shares of the company's stock after buying an additional 5,681 shares during the quarter. Versor Investments LP's holdings in Roku were worth $1,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Roku by 11.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company's stock worth $165,000 after buying an additional 222 shares during the period. International Assets Investment Management LLC boosted its position in Roku by 8,030.0% during the 3rd quarter. International Assets Investment Management LLC now owns 108,780 shares of the company's stock worth $8,122,000 after acquiring an additional 107,442 shares during the last quarter. PFG Investments LLC grew its stake 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 acquiring an additional 150 shares in the last quarter. US Bancorp DE raised its holdings in shares of Roku by 15.7% in the third quarter. US Bancorp DE now owns 3,090 shares of the company's stock valued at $231,000 after purchasing an additional 420 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Roku by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 8,806 shares of the company's stock worth $657,000 after purchasing an additional 524 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Down 3.9 %

Shares of ROKU traded down $3.25 during midday trading on Monday, reaching $80.26. 2,429,859 shares of the stock were exchanged, compared to its average volume of 3,675,336. The stock's 50 day simple moving average is $82.14 and its 200 day simple moving average is $76.36. The company has a market cap of $11.71 billion, a P/E ratio of -90.18 and a beta of 2.05. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.15 billion. As a group, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Anthony J. Wood sold 25,000 shares of the 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 sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,193,100.32. This represents a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 2,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total value of $199,900.00. Following the completion of the transaction, the chief financial officer now owns 56,555 shares in the company, valued at $5,652,672.25. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,221 shares of company stock valued at $9,647,087 over the last 90 days. 13.98% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ROKU has been the topic of several analyst reports. Robert W. Baird raised shares of Roku from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Loop Capital lifted their target price on Roku from $70.00 to $80.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Roku in a research report on Monday, February 10th. JMP Securities upped their price objective on Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. Finally, Bank of America raised their target price on shares of Roku from $90.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $96.00.

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.