Great West Life Assurance Co. Can Makes New $4.13 Million Investment in Roku, Inc. (NASDAQ:ROKU)

Great West Life Assurance Co. Can acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU – Get Rating) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 73,257 shares of the company’s stock, valued at approximately $4,127,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROKU. MetLife Investment Management LLC bought a new stake in Roku during the 1st quarter worth about $955,000. Synovus Financial Corp increased its stake in shares of Roku by 45.2% in the 1st quarter. Synovus Financial Corp now owns 3,501 shares of the company’s stock valued at $448,000 after acquiring an additional 1,090 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Roku by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,224 shares of the company’s stock valued at $11,806,000 after acquiring an additional 2,130 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Roku by 32.5% in the 1st quarter. Cetera Investment Advisers now owns 10,620 shares of the company’s stock valued at $1,330,000 after acquiring an additional 2,605 shares during the last quarter. Finally, Brighton Jones LLC increased its stake in shares of Roku by 8.6% in the 1st quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock valued at $235,000 after acquiring an additional 148 shares during the last quarter. 66.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. Rosenblatt Securities cut Roku from a “buy” rating to a “neutral” rating and lowered their price target for the company from $100.00 to $51.00 in a research note on Thursday, November 3rd. Needham & Company LLC lowered their target price on Roku from $95.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, November 3rd. Guggenheim cut Roku from a “buy” rating to a “neutral” rating in a research note on Thursday, November 3rd. Pivotal Research lowered their target price on Roku from $60.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, November 3rd. Finally, Jefferies Financial Group cut Roku from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $45.00 to $30.00 in a research note on Thursday, January 12th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.36.

Roku Price Performance

Shares of Roku stock opened at $52.39 on Monday. The business has a fifty day simple moving average of $49.61 and a two-hundred day simple moving average of $61.75. Roku, Inc. has a 1 year low of $38.26 and a 1 year high of $177.96. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of -30.46 and a beta of 1.61.

Roku (NASDAQ:ROKU – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.88) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.37) by $0.49. The business had revenue of $761.37 million during the quarter, compared to the consensus estimate of $698.93 million. Roku had a negative return on equity of 8.50% and a negative net margin of 7.59%. As a group, equities analysts anticipate that Roku, Inc. will post -3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Stephen H. Kay sold 1,469 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total value of $82,939.74. Following the transaction, the senior vice president now owns 81,290 shares in the company, valued at $4,589,633.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Stephen H. Kay sold 1,469 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total value of $82,939.74. Following the transaction, the senior vice president now owns 81,290 shares in the company, valued at $4,589,633.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gidon Katz sold 7,010 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total value of $395,784.60. Following the completion of the transaction, the insider now owns 13,917 shares in the company, valued at approximately $785,753.82. The disclosure for this sale can be found here. Insiders have sold 10,519 shares of company stock worth $599,411 in the last 90 days. Company insiders own 13.79% of the company’s stock.

Roku Company Profile

(Get Rating)

Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Platform and Player. The Platform segment includes digital advertising and related services including the OneView ad platform, content distribution, and licensing arrangements with service operators and TV brands.