Van ECK Associates Corp Takes Position in Roku, Inc. (NASDAQ:ROKU)

Van ECK Associates Corp bought a new stake in Roku, Inc. (NASDAQ:ROKU) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,079 shares of the company’s stock, valued at approximately $675,000.

Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in Roku by 369.9% in 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 in the last quarter. Raelipskie Partnership bought a new position in Roku in the 3rd quarter valued at about $32,000. GS Investments Inc. lifted its position in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Roku by 50.6% in the 3rd 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 lifted its position in Roku by 24.9% in the 4th quarter. Fifth Third Bancorp now owns 1,119 shares of the company’s stock valued at $83,000 after acquiring an additional 223 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $86.00 price target on shares of Roku in a research report on Thursday, February 13th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Roku in a research report on Monday, February 10th. Bank of America raised their price target on shares of Roku from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $70.00 to $90.00 in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average price target of $96.00.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the sale, the chief financial officer now owns 63,555 shares in the company, valued at $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $2,510,000.00. Following the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,664,415.20. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,421 shares of company stock worth $9,660,786 over the last 90 days. Corporate insiders own 13.98% of the company’s stock.

Roku Trading Down 4.2 %

Roku stock opened at $88.86 on Friday. The company has a market cap of $12.97 billion, a price-to-earnings ratio of -99.84 and a beta of 2.05. The business’s 50 day simple moving average is $81.67 and its 200 day simple moving average is $75.14. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku 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.