Intellectus Partners LLC Has $611,000 Stake in Roku, Inc. (NASDAQ:ROKU)

Intellectus Partners LLC reduced its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,187 shares of the company’s stock after selling 1,650 shares during the quarter. Intellectus Partners LLC’s holdings in Roku were worth $611,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new stake in shares of Roku in the 3rd quarter valued at $43,000. EverSource Wealth Advisors LLC increased its position in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares during the period. Cedar Wealth Management LLC bought a new stake in Roku during the 2nd quarter worth about $48,000. Natixis acquired a new stake in shares of Roku during the 1st quarter worth approximately $53,000. Finally, Versant Capital Management Inc raised its stake in shares of Roku by 706.2% during the second quarter. Versant Capital Management Inc now owns 911 shares of the company’s stock worth $55,000 after buying an additional 798 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

NASDAQ:ROKU opened at $68.87 on Friday. The stock has a 50-day simple moving average of $74.36 and a 200 day simple moving average of $64.65. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84. The company has a market cap of $10.00 billion, a PE ratio of -57.39 and a beta of 2.07.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business earned ($2.33) EPS. The business’s quarterly revenue was up 16.5% on a year-over-year basis. On average, research analysts predict that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on ROKU. Benchmark reaffirmed a “buy” rating and set a $105.00 target price on shares of Roku in a report on Thursday, September 12th. Rosenblatt Securities upped their price objective on Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Loop Capital raised their target price on Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Robert W. Baird boosted their target price on Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Finally, Morgan Stanley increased 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $83.95.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the transaction, the chief executive officer now owns 5,020 shares of the company’s stock, valued at $376,500. The trade was a 83.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the sale, the insider now directly owns 38,602 shares of the company’s stock, 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. In the last three months, insiders have sold 69,776 shares of company stock worth $5,267,305. Insiders own 13.98% of the company’s stock.

About Roku

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.