Landscape Capital Management L.L.C. Buys New Holdings in Roku, Inc. (NASDAQ:ROKU)

Landscape Capital Management L.L.C. purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,376 shares of the company’s stock, valued at approximately $1,969,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROKU. PFG Investments LLC increased its stake in Roku by 3.7% in the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after acquiring an additional 150 shares during the period. Mcdonald Partners LLC raised its holdings in shares of Roku by 0.9% in the 2nd quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock worth $1,175,000 after buying an additional 175 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Roku by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after buying an additional 202 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Roku by 11.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock valued at $165,000 after buying an additional 222 shares in the last quarter. Finally, Beacon Capital Management LLC grew its position in Roku by 17.7% in the first quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock valued at $101,000 after acquiring an additional 233 shares during the period. Institutional investors own 86.30% of the company’s stock.

Insider Activity

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 5,020 shares in the company, valued at approximately $376,500. This trade represents a 83.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the transaction, the insider now directly owns 38,602 shares in the company, valued at approximately $2,485,582.78. The trade was a 4.20 % 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 in the last quarter. Company insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ROKU. Macquarie restated an “outperform” rating and issued a $90.00 target price on shares of Roku in a research note on Thursday, October 31st. Citigroup boosted their price target on shares of Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday. Wells Fargo & Company raised their price target on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.67.

Roku Stock Up 0.3 %

NASDAQ:ROKU opened at $68.93 on Friday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $108.84. The stock’s fifty day simple moving average is $74.66 and its 200-day simple moving average is $64.97. The firm has a market capitalization of $10.01 billion, a P/E ratio of -57.45 and a beta of 2.07.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.33) EPS. As a group, equities research analysts expect that Roku, Inc. will post -1.1 earnings per share for the current year.

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.