2,950 Shares in Roku, Inc. $ROKU Acquired by Aaron Wealth Advisors LLC

Key Points

• Aaron Wealth Advisors LLC has invested approximately $259,000 in Roku, Inc., acquiring 2,950 shares during the second quarter, reflecting increasing interest from institutional investors.
• Several analysts have raised their price targets for Roku, with updated estimates ranging from $100.00 to $120.00, indicating a positive outlook as at least two research analysts rated the stock as a Strong Buy.
• Roku reported $1.11 billion in revenue for the last quarter, exceeding expectations, while also achieving an earnings per share of $0.07, a significant improvement compared to the previous year's loss.

Aaron Wealth Advisors LLC acquired a new position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,950 shares of the company's stock, valued at approximately $259,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Roku by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock worth $880,753,000 after buying an additional 254,504 shares during the period. Acadian Asset Management LLC increased its position in Roku by 456.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company's stock worth $134,222,000 after buying an additional 1,563,449 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Roku by 21.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company's stock worth $111,372,000 after purchasing an additional 284,323 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Roku by 3.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company's stock worth $72,436,000 after purchasing an additional 37,465 shares during the period. Finally, Northern Trust Corp lifted its position in Roku by 6.0% during the first quarter. Northern Trust Corp now owns 755,762 shares of the company's stock worth $53,236,000 after purchasing an additional 42,926 shares during the period. Institutional investors own 86.30% of the company's stock.

Roku Trading Down 1.6%

Roku stock traded down $1.65 during midday trading on Monday, reaching $100.14. The company's stock had a trading volume of 2,292,885 shares, compared to its average volume of 3,924,105. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $104.96. The business has a 50-day moving average price of $92.00 and a 200-day moving average price of $79.00. The stock has a market cap of $14.75 billion, a PE ratio of -237.98, a price-to-earnings-growth ratio of 14.25 and a beta of 2.05.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on ROKU shares. UBS Group increased their price objective on shares of Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Loop Capital upgraded shares of Roku from a "hold" rating to a "buy" rating and increased their price objective for the stock from $80.00 to $100.00 in a research note on Tuesday, June 17th. Susquehanna increased their price objective on shares of Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Piper Sandler increased their price objective on shares of Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Finally, Needham & Company LLC increased their price objective on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $101.33.

Insider Activity at Roku

In other news, CAO Matthew C. Banks sold 2,180 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total transaction of $213,313.00. Following the sale, the chief accounting officer directly owned 5,355 shares in the company, valued at approximately $523,986.75. The trade was a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charles Collier sold 10,269 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $99.14, for a total value of $1,018,068.66. Following the sale, the insider owned 200 shares in the company, valued at approximately $19,828. This trade represents a 98.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 417,025 shares of company stock valued at $39,662,358. Corporate insiders own 13.98% of the company's stock.

Roku Company Profile

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.