Intech Investment Management LLC Has $240,000 Position in Roku, Inc. (NASDAQ:ROKU)

Intech Investment Management LLC lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU – Get Rating) by 7.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,903 shares of the company’s stock after acquiring an additional 405 shares during the period. Intech Investment Management LLC’s holdings in Roku were worth $240,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ROKU. Benjamin Edwards Inc. increased its stake in Roku by 33.6% during the 4th quarter. Benjamin Edwards Inc. now owns 759 shares of the company’s stock valued at $31,000 after purchasing an additional 191 shares in the last quarter. Beacon Capital Management LLC increased its stake in Roku by 155.6% during the 4th quarter. Beacon Capital Management LLC now owns 979 shares of the company’s stock valued at $40,000 after purchasing an additional 596 shares in the last quarter. Concord Wealth Partners bought a new stake in Roku during the 4th quarter valued at $42,000. Covestor Ltd increased its stake in Roku by 693.2% during the 1st quarter. Covestor Ltd now owns 349 shares of the company’s stock valued at $44,000 after purchasing an additional 305 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Roku by 33.9% during the 3rd quarter. Lazard Asset Management LLC now owns 829 shares of the company’s stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

Insider Buying and Selling at Roku

In other news, insider Mustafa Ozgen sold 8,812 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $61.93, for a total value of $545,727.16. Following the sale, the insider now directly owns 25,338 shares of the company’s stock, valued at $1,569,182.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Mustafa Ozgen sold 8,812 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $61.93, for a total value of $545,727.16. Following the sale, the insider now directly owns 25,338 shares of the company’s stock, valued at $1,569,182.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gidon Katz sold 3,694 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $57.50, for a total transaction of $212,405.00. Following the completion of the sale, the insider now directly owns 15,450 shares in the company, valued at $888,375. The disclosure for this sale can be found here. Insiders have sold a total of 15,748 shares of company stock valued at $958,909 over the last three months. 13.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on ROKU shares. Atlantic Securities upgraded shares of Roku from an “underweight” rating to a “neutral” rating and set a $76.00 price target for the company in a research note on Thursday, February 16th. Jefferies Financial Group upped their target price on shares of Roku from $36.00 to $41.00 and gave the stock an “underperform” rating in a research note on Thursday, April 27th. Bank of America upped their target price on shares of Roku from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. Benchmark reiterated a “buy” rating and issued a $65.00 target price (up previously from $63.00) on shares of Roku in a research note on Monday, February 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $80.00 target price on shares of Roku in a research note on Monday, March 13th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Roku presently has an average rating of “Hold” and a consensus price target of $71.04.

Roku Stock Down 2.2 %

NASDAQ ROKU opened at $52.61 on Monday. The company has a market cap of $7.41 billion, a PE ratio of -11.01 and a beta of 1.72. Roku, Inc. has a 52 week low of $38.26 and a 52 week high of $105.85. The firm’s 50-day simple moving average is $59.75 and its two-hundred day simple moving average is $56.20.

Roku (NASDAQ:ROKU – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported ($1.38) EPS for the quarter, beating the consensus estimate of ($1.44) by $0.06. The business had revenue of $741.00 million for the quarter, compared to the consensus estimate of $707.59 million. Roku had a negative net margin of 21.23% and a negative return on equity of 24.71%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.19) earnings per share. As a group, equities research analysts anticipate that Roku, Inc. will post -5.23 EPS for the current year.

About Roku

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Roku, Inc engages in the provision of a streaming platform for television. It operates through the Platform and Devices segments. The Platform segment includes digital advertising and related services including the demand-side platform and content distribution services such as subscription and transaction revenue shares, media and entertainment promotional spending, the sale of premium subscriptions, and the sale of branded channel buttons on remote controls.