Caisse DE Depot ET Placement DU Quebec Makes New $1.06 Million Investment in Roku, Inc. $ROKU

Key Points

• Caisse DE Depot ET Placement DU Quebec has made a new investment of approximately $1.06 million in Roku, acquiring 15,030 shares.
• Roku recently reported a quarterly earnings beat, posting $0.07 EPS against a consensus estimate of ($0.16), alongside a revenue of $1.11 billion.
• Analysts have upgraded their ratings on Roku, with price targets raised to $113 by Wells Fargo and $110 by Susquehanna, indicating strong sentiment towards the stock.

Caisse DE Depot ET Placement DU Quebec bought a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 15,030 shares of the company's stock, valued at approximately $1,059,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ROKU. Garde Capital Inc. purchased a new position in shares of Roku during the 1st quarter worth $25,000. Golden State Wealth Management LLC grew its holdings in shares of Roku by 125.4% during the 1st 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 period. Princeton Global Asset Management LLC purchased a new position in shares of Roku during the 1st quarter worth $35,000. First PREMIER Bank purchased a new position in shares of Roku during the 1st quarter worth $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Roku during the 4th quarter worth $41,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Price Performance

Shares of Roku stock opened at $96.56 on Friday. The business has a 50-day moving average of $88.92 and a 200 day moving average of $78.15. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $104.96. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of -229.90, a price-to-earnings-growth ratio of 13.65 and a beta of 2.05.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on ROKU. Wells Fargo & Company increased their price target on Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Roku in a report on Monday, July 28th. Susquehanna increased their price target on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Wall Street Zen upgraded Roku from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Citigroup restated an "outperform" rating on shares of Roku in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $98.96.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 3,360 shares of Roku stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $85.05, for a total value of $285,768.00. Following the completion of the transaction, the chief accounting officer owned 5,195 shares in the company, valued at approximately $441,834.75. This trade represents a 39.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $90.20, for a total value of $270,600.00. Following the completion of the transaction, the chief financial officer owned 76,132 shares of the company's stock, valued at $6,867,106.40. The trade was a 3.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 325,502 shares of company stock worth $29,790,946. 13.98% of the stock is owned by corporate insiders.

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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