Gotham Asset Management LLC Trims Stock Position in Roku, Inc. (NASDAQ:ROKU)

Gotham Asset Management LLC reduced its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,349 shares of the company’s stock after selling 3,380 shares during the quarter. Gotham Asset Management LLC’s holdings in Roku were worth $2,182,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. boosted its holdings in shares of 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 buying an additional 270 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of Roku during the 4th quarter valued at $30,000. Game Plan Financial Advisors LLC bought a new stake in shares of Roku during the 4th quarter valued at $37,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after buying an additional 491 shares in the last quarter. Finally, Allianz SE bought a new stake in shares of Roku during the 4th quarter valued at $39,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Stock Performance

ROKU stock opened at $70.07 on Friday. The company’s 50 day moving average price is $65.88 and its 200 day moving average price is $74.47. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of -78.73 and a beta of 2.06.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.35) earnings per share. Equities analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roku news, insider Charles Collier sold 7,181 shares of Roku stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the sale, the insider now owns 7,380 shares in the company, valued at $577,485. The trade was a 49.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dan Jedda sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 56,555 shares in the company, valued at $5,652,672.25. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,111 shares of company stock worth $1,365,112. 13.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Pivotal Research dropped their price target on shares of Roku from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Citigroup lowered their target price on shares of Roku from $81.00 to $68.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 6th. Wedbush lowered their target price on shares of Roku from $125.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Rosenblatt Securities lowered their target price on shares of Roku from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Roku from $115.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.93.

Roku Company 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.