Koss Olinger Consulting LLC Raises Stock Holdings in Roku, Inc. (NASDAQ:ROKU)

Koss Olinger Consulting LLC boosted its holdings in Roku, Inc. (NASDAQ:ROKU) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,000 shares of the company’s stock after buying an additional 9,992 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Roku were worth $4,460,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new position in Roku in the 4th quarter worth about $30,000. Raelipskie Partnership purchased a new position in Roku in the 3rd quarter worth about $32,000. Game Plan Financial Advisors LLC purchased a new position in Roku in the 4th quarter worth about $37,000. Finally, GS Investments Inc. raised its position in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Transactions at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction that occurred 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 directly owns 63,555 shares of the company’s stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $87.93, for a total value of $2,198,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,333,486.34. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,308 shares of company stock valued at $8,213,436 in the last ninety days. Corporate insiders own 13.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Loop Capital upped their price target on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $74.00 to $129.00 in a research report on Friday, February 14th. Jefferies Financial Group raised shares of Roku from an “underperform” rating to a “hold” rating and upped their price target for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. Bank of America upped 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. Finally, JMP Securities upped their price target on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.71.

Roku Price Performance

ROKU stock opened at $67.36 on Wednesday. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of -75.69 and a beta of 2.12. The business has a 50 day simple moving average of $81.31 and a two-hundred day simple moving average of $77.12.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results 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 return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS 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.