Avantax Advisory Services Inc. Has $842,000 Stake in Roku, Inc. (NASDAQ:ROKU)

Avantax Advisory Services Inc. raised its holdings in Roku, Inc. (NASDAQ:ROKU) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,328 shares of the company’s stock after acquiring an additional 352 shares during the period. Avantax Advisory Services Inc.’s holdings in Roku were worth $842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. grew its stake in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Vision Financial Markets LLC acquired a new position in shares of Roku during the fourth quarter worth about $30,000. Raelipskie Partnership acquired a new position in shares of Roku during the third quarter worth about $32,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku during the fourth quarter worth about $37,000. Finally, GS Investments Inc. boosted its position in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ROKU shares. Citigroup upped their price objective on Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $86.00 price objective on shares of Roku in a research report on Thursday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Bank of America upped their target price on Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, JMP Securities upped their target price on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $96.71.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the 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 owns 63,555 shares of the company’s stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the 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 represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,308 shares of company stock worth $8,213,436. Company insiders own 13.98% of the company’s stock.

Roku Trading Up 2.3 %

Shares of NASDAQ ROKU opened at $73.82 on Friday. The firm has a market cap of $10.77 billion, a P/E ratio of -82.94 and a beta of 2.12. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The business’s 50 day moving average is $80.91 and its 200-day moving average is $77.07.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. Analysts forecast that Roku, Inc. will post -0.3 EPS for the current 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.