Audent Global Asset Management LLC Has $488,000 Holdings in Roku, Inc. (NASDAQ:ROKU)

Audent Global Asset Management LLC cut its holdings in Roku, Inc. (NASDAQ:ROKU) by 66.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,543 shares of the company’s stock after selling 13,110 shares during the period. Roku makes up approximately 0.8% of Audent Global Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Audent Global Asset Management LLC’s holdings in Roku were worth $488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Roku in the third quarter valued at about $43,000. GS Investments Inc. grew its stake in shares of Roku by 33.4% in the third 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. EverSource Wealth Advisors LLC grew its stake in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares in the last quarter. Cedar Wealth Management LLC acquired a new position in shares of Roku in the second quarter valued at about $48,000. Finally, Versant Capital Management Inc grew its stake in shares of Roku by 706.2% in the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock valued at $55,000 after acquiring an additional 798 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on ROKU. Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Friday, August 23rd. Loop Capital upped their price objective on shares of Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Piper Sandler upped their price objective on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Finally, Rosenblatt Securities upped their price objective on shares of Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.62.

Roku Price Performance

Roku stock opened at $69.03 on Monday. The business has a 50 day moving average of $73.63 and a 200-day moving average of $65.38. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The company has a market capitalization of $10.02 billion, a P/E ratio of -57.52 and a beta of 2.07.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted ($2.33) earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. Equities analysts anticipate that Roku, Inc. will post -1.1 EPS for the current year.

Insider Activity

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares of the company’s stock, valued at approximately $376,500. This represents a 83.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Charles Collier sold 15,454 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at $15,000. This represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,240 shares of company stock valued at $6,729,582 over the last quarter. 13.98% of the stock is owned by company insiders.

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.