C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $233,000 in Roku, Inc. (NASDAQ:ROKU)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 3,129 shares of the company’s stock, valued at approximately $233,000.

A number of other institutional investors also recently made changes to their positions in ROKU. Geneos Wealth Management Inc. boosted its holdings in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 270 shares during the period. Raelipskie Partnership acquired a new stake in shares of Roku in the third quarter valued at approximately $32,000. Game Plan Financial Advisors LLC acquired a new stake in shares of Roku in the fourth quarter valued at approximately $37,000. GS Investments Inc. raised its position 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 buying an additional 147 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Roku by 52.8% in the fourth quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $50,000 after buying an additional 219 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $92.79 on Friday. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $104.96. The company has a market capitalization of $13.47 billion, a PE ratio of -104.26 and a beta of 2.05. The company has a fifty day moving average of $81.56 and a 200-day moving average of $74.73.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.39%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. On average, equities analysts forecast that Roku, Inc. will post -0.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ROKU shares. Morgan Stanley lifted their price target on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Roku in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Citigroup lifted their price target on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at approximately $2,116,936.26. This represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.73, for a total transaction of $82,730.00. Following the sale, the chief financial officer now directly owns 64,555 shares in the company, valued at $5,340,635.15. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,421 shares of company stock valued at $9,660,786 over the last 90 days. 13.98% of the stock is owned by 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.