3,129 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,129 shares of the company’s stock, valued at approximately $233,000.

Other large investors have also bought and sold shares of the company. Entropy Technologies LP grew its position in Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after acquiring an additional 18,520 shares during the last quarter. Holocene Advisors LP bought a new stake in Roku during the 3rd quarter worth approximately $129,015,000. National Bank of Canada FI grew its position in Roku by 11,626.3% during the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after acquiring an additional 149,514 shares during the last quarter. EULAV Asset Management boosted its position in Roku by 59.1% in the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after buying an additional 68,000 shares during the last quarter. Finally, Smith Group Asset Management LLC bought a new position in Roku in the 3rd quarter valued at $547,000. 86.30% of the stock is currently owned by institutional investors.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated 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 of the company’s stock, valued at approximately $2,664,415.20. The trade was a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the sale, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,421 shares of company stock valued at $9,660,786. 13.98% of the stock is owned by insiders.

Roku Trading Up 0.4 %

Shares of Roku stock opened at $92.79 on Friday. The company has a market capitalization of $13.47 billion, a PE ratio of -104.26 and a beta of 2.05. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The stock’s fifty day simple moving average is $81.56 and its 200 day simple moving average is $74.73.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.39% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Analysts predict that Roku, Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their price objective on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Loop Capital increased their price objective on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Macquarie reiterated an “outperform” rating and issued a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $74.00 to $129.00 in a research report on Friday, February 14th. Finally, Citigroup increased their price objective on Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and a consensus target price 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.