Hussman Strategic Advisors Inc. Makes New Investment in Roku, Inc. $ROKU

Hussman Strategic Advisors Inc. acquired a new stake in Roku, Inc. (NASDAQ:ROKU) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,500 shares of the company’s stock, valued at approximately $1,051,000.

Several other institutional investors have also recently modified their holdings of the company. Tableaux LLC purchased a new stake in Roku in the second quarter valued at approximately $1,746,000. Acadian Asset Management LLC lifted its stake in Roku by 41.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock valued at $236,545,000 after acquiring an additional 785,864 shares during the period. Duquesne Family Office LLC boosted its holdings in shares of Roku by 123.0% in the 2nd quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock valued at $96,723,000 after acquiring an additional 606,900 shares during the last quarter. Ossiam purchased a new stake in shares of Roku in the 2nd quarter valued at $36,035,000. Finally, Man Group plc increased its stake in shares of Roku by 379.0% in the second quarter. Man Group plc now owns 456,708 shares of the company’s stock worth $40,140,000 after acquiring an additional 361,357 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Down 3.6%

ROKU opened at $100.84 on Thursday. The company has a market cap of $14.90 billion, a PE ratio of -504.17 and a beta of 1.95. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66. The company has a 50-day moving average price of $105.01 and a 200 day moving average price of $98.92.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned ($0.06) EPS. Roku’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

ROKU has been the subject of a number of research reports. Guggenheim boosted their target price on shares of Roku from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price objective on shares of Roku in a research note on Wednesday, October 1st. Benchmark restated a “buy” rating on shares of Roku in a research note on Monday, October 27th. Rosenblatt Securities raised their target price on Roku from $101.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Roku in a research report on Friday, October 31st. Twenty-two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Roku has a consensus rating of “Moderate Buy” and a consensus price target of $118.79.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $109.61, for a total transaction of $8,220,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gilbert Fuchsberg sold 3,250 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $108.78, for a total value of $353,535.00. Following the completion of the transaction, the insider directly owned 59,094 shares of the company’s stock, valued at approximately $6,428,245.32. This represents a 5.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 368,282 shares of company stock valued at $40,091,592. Insiders own 13.98% of the company’s stock.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.