Chicago Partners Investment Group LLC Takes Position in Roku, Inc. $ROKU

Key Points

• Chicago Partners Investment Group LLC acquired a new stake in Roku, purchasing 3,552 shares valued at approximately $321,000 during the second quarter.
• Roku's stock has received positive analyst attention, with Citigroup, UBS Group, and Bank of America all lifting their price targets recently, suggesting a consensus average price target of $101.33.
• In recent insider transactions, both the CFO and CEO of Roku sold significant shares, indicating a total sale of over $32 million worth of stock by insiders in the last quarter.

Chicago Partners Investment Group LLC acquired a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 3,552 shares of the company's stock, valued at approximately $321,000.

Other large investors have also recently made changes to their positions in the company. Banque Transatlantique SA purchased a new position in shares of Roku during the 1st quarter valued at about $28,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Roku during the 1st quarter valued at about $30,000. Golden State Wealth Management LLC lifted its position 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 valued at $31,000 after buying an additional 247 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Roku by 327.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company's stock valued at $40,000 after buying an additional 350 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Roku during the 1st quarter valued at about $44,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ROKU. Citigroup lifted their price objective on Roku from $85.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Roku in a report on Monday, July 28th. UBS Group boosted their price target on Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. JMP Securities reissued a "market outperform" rating and issued a $145.00 price target on shares of Roku in a report on Thursday, October 2nd. Finally, Bank of America boosted their price target on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $101.33.

Roku Price Performance

NASDAQ:ROKU opened at $98.28 on Friday. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $107.25. The stock's 50 day simple moving average is $96.93 and its two-hundred day simple moving average is $83.46. The company has a market cap of $14.48 billion, a price-to-earnings ratio of -234.00, a PEG ratio of 11.32 and a beta of 2.13.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted ($0.18) EPS. The company's revenue was up 14.7% compared to the same quarter last year. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $95.82, for a total value of $287,460.00. Following the sale, the chief financial officer owned 80,420 shares of the company's stock, valued at $7,705,844.40. The trade was a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $94.01, for a total value of $2,350,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 328,331 shares of company stock worth $32,640,556. Insiders own 13.98% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.