ABLE Financial Group LLC Grows Position in Roku, Inc. $ROKU

Key Points

• ABLE Financial Group LLC increased its stake in Roku, Inc. by 40.4%, owning 25,342 shares valued at $2,227,000 after acquiring additional shares in the second quarter.
• Insider Charles Collier sold a significant quantity of shares, totaling 212,559 shares for over $20 million, reflecting a 99.91% decrease in his overall ownership.
• Several analysts upgraded their price targets for Roku, with a consensus rating of "Moderate Buy" and an average target price of $101.33 following positive earnings results.

ABLE Financial Group LLC increased its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 40.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,342 shares of the company's stock after acquiring an additional 7,291 shares during the quarter. ABLE Financial Group LLC's holdings in Roku were worth $2,227,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in Roku by 227.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,855 shares of the company's stock worth $163,000 after purchasing an additional 1,288 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Roku by 73.6% in the second quarter. Diversified Trust Co now owns 20,548 shares of the company's stock worth $1,806,000 after purchasing an additional 8,710 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Roku by 964.9% in the second quarter. Assenagon Asset Management S.A. now owns 346,549 shares of the company's stock worth $30,458,000 after buying an additional 314,006 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Roku in the second quarter worth about $13,908,000. Finally, Polianta Ltd boosted its stake in Roku by 20.3% during the second quarter. Polianta Ltd now owns 17,200 shares of the company's stock valued at $1,511,000 after buying an additional 2,900 shares during the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roku

In other Roku news, insider Charles Collier sold 212,559 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the transaction, the insider directly owned 200 shares in the company, valued at $19,000. This trade represents a 99.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew C. Banks sold 3,360 shares of Roku stock in a transaction on Monday, August 4th. The shares were sold at an average price of $85.05, for a total value of $285,768.00. Following the sale, the chief accounting officer directly owned 5,195 shares of the company's stock, valued at approximately $441,834.75. This trade represents a 39.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,025 shares of company stock worth $39,662,358 in the last ninety days. 13.98% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ROKU shares. Rosenblatt Securities lifted their price objective on Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. UBS Group increased their target price on Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. 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 increased their price objective on shares of Roku from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two 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 issued a Sell rating to the company. According to data from MarketBeat.com, Roku presently has a consensus rating of "Moderate Buy" and an average target price of $101.33.

Roku Price Performance

Shares of ROKU opened at $101.78 on Monday. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96. The company has a 50-day moving average of $92.00 and a 200 day moving average of $79.00. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of -242.33, a PEG ratio of 14.25 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.07 EPS 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 the consensus estimate of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku 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.

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