Signaturefd LLC Sells 168 Shares of Roku, Inc. (NASDAQ:ROKU)

Signaturefd LLC lowered its stake in Roku, Inc. (NASDAQ:ROKU) by 12.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,138 shares of the company’s stock after selling 168 shares during the quarter. Signaturefd LLC’s holdings in Roku were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ROKU. Mcdonald Partners LLC raised its stake in Roku by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock valued at $1,175,000 after purchasing an additional 175 shares during the period. Sequoia Financial Advisors LLC raised its stake in Roku by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after purchasing an additional 202 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Roku by 11.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock valued at $165,000 after purchasing an additional 222 shares during the period. Beacon Capital Management LLC raised its stake in Roku by 17.7% during the 1st quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock valued at $101,000 after purchasing an additional 233 shares during the period. Finally, Arizona State Retirement System raised its stake in Roku by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 34,656 shares of the company’s stock valued at $2,077,000 after purchasing an additional 251 shares during the period. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Macquarie raised their price target on Roku from $72.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Tuesday, October 1st. Morgan Stanley raised their price target on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday. Benchmark restated a “buy” rating and set a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Finally, Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target for the company in a report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $82.55.

Roku Stock Up 0.5 %

ROKU opened at $76.41 on Wednesday. The business has a fifty day moving average of $72.66 and a 200 day moving average of $63.44. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84. The stock has a market cap of $11.02 billion, a P/E ratio of -19.15 and a beta of 2.08.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The business had revenue of $968.18 million during the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. Roku’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.76) EPS. Equities analysts anticipate that Roku, Inc. will post -1.43 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction 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 $2,485,582.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Charles Collier sold 15,454 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,159,050.00. Following the completion of the transaction, the insider now directly owns 200 shares of the company’s stock, valued at approximately $15,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the transaction, the insider now directly owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,566 shares of company stock valued at $5,254,000 in the last ninety days. Corporate 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.