Bayforest Capital Ltd Takes Position in Roku, Inc. $ROKU

Key Points

• Bayforest Capital Ltd has acquired a new stake in Roku, Inc., purchasing 5,655 shares valued at approximately $398,000.
• Insider transactions reveal that CEO Anthony J. Wood sold 25,000 shares worth $2.24 million, reducing his ownership stake by 67.65%.
• Roku's stock performance shows a market cap of $13.99 billion, with shares trading around $94.94, and recent analyst reports have set a price target range between $100.00 and $105.00.

Bayforest Capital Ltd acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,655 shares of the company's stock, valued at approximately $398,000.

A number of other institutional investors also recently bought and sold shares of the stock. Garde Capital Inc. purchased a new stake in Roku in the first quarter worth about $25,000. Banque Transatlantique SA purchased a new stake in Roku in the first quarter worth approximately $28,000. Beaird Harris Wealth Management LLC purchased a new stake in Roku in the first quarter worth approximately $30,000. Golden State Wealth Management LLC boosted its holdings in Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after purchasing an additional 247 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in Roku in the first quarter worth approximately $35,000. 86.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $89.64, for a total value of $2,241,000.00. Following the completion of the sale, the chief executive officer directly owned 11,953 shares of the company's stock, valued at approximately $1,071,466.92. This represents a 67.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mustafa Ozgen sold 50,527 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The disclosure for this sale can be found here. Insiders sold a total of 369,115 shares of company stock valued at $34,805,928 over the last 90 days. 13.98% of the stock is owned by corporate insiders.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $94.94 on Thursday. The stock has a market cap of $13.99 billion, a PE ratio of -226.05, a price-to-earnings-growth ratio of 13.58 and a beta of 2.05. The business's fifty day moving average price is $90.77 and its two-hundred day moving average price is $78.40. Roku, Inc. has a one year low of $52.43 and a one year high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm posted ($0.18) EPS. The company's revenue 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, equities research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Roku from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Rosenblatt Securities lifted their price target on shares of Roku from $75.00 to $101.00 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 boosted their price target for the company from $80.00 to $100.00 in a report on Tuesday, June 17th. Guggenheim boosted their price objective on shares of Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Wedbush reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of Roku in a report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $100.36.

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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