56,555 Shares in Roku, Inc. $ROKU Purchased by Strs Ohio

Key Points

• Strs Ohio has acquired a new position in Roku, Inc., purchasing 56,555 shares valued at approximately $3.98 million during the first quarter, as reported in their recent 13F filing.
• Several hedge funds have recently increased their stakes in Roku, with over 86.30% of the stock owned by institutional investors.
• Analysts have set a new average price target of $100.67 for Roku, with most ratings leaning towards 'Buy,' indicating positive sentiment about the company's future performance.

Strs Ohio purchased a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,555 shares of the company's stock, valued at approximately $3,984,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. United Advisor Group LLC boosted its stake in Roku by 0.9% in the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after acquiring an additional 130 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Roku by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock valued at $1,097,000 after acquiring an additional 160 shares during the last quarter. Smith Group Asset Management LLC boosted its stake in Roku by 2.8% in the first quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company's stock valued at $521,000 after acquiring an additional 200 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Roku by 3.8% in the first quarter. Neuberger Berman Group LLC now owns 5,737 shares of the company's stock valued at $404,000 after acquiring an additional 208 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after acquiring an additional 247 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROKU has been the topic of a number of research analyst reports. Susquehanna boosted their target price on shares of Roku from $85.00 to $110.00 and gave the company a "positive" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Roku from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Loop Capital upgraded shares of Roku from a "hold" rating to a "buy" rating and upped their price target for the company from $80.00 to $100.00 in a research note on Tuesday, June 17th. Piper Sandler upped their price target on shares of Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Guggenheim upped their price target on shares of Roku from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $100.67.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $82.42, for a total value of $2,060,500.00. Following the transaction, the chief executive officer owned 16,441 shares of the company's stock, valued at $1,355,067.22. This represents a 60.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew C. Banks sold 3,360 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $85.05, for a total transaction of $285,768.00. Following the completion of the transaction, the chief accounting officer directly owned 5,195 shares in the company, valued at $441,834.75. The trade was a 39.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 392,615 shares of company stock worth $37,183,948 over the last quarter. 13.98% of the stock is currently owned by corporate insiders.

Roku Trading Down 1.9%

Roku stock opened at $94.52 on Monday. The firm's 50 day simple moving average is $91.06 and its 200 day simple moving average is $78.42. The firm has a market capitalization of $13.93 billion, a PE ratio of -225.05, a price-to-earnings-growth ratio of 13.23 and a beta of 2.05. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.23. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. Roku's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

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.

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