Comerica Bank Has $21.47 Million Position in Roku, Inc. $ROKU

Key Points

• Comerica Bank increased its stake in Roku, Inc. by 4.4%, owning 304,788 shares valued at approximately $21.47 million as of the last quarter.
• Roku reported earnings of $0.07 per share for Q2, exceeding analysts' estimates and demonstrating a 14.7% year-over-year revenue increase to $1.11 billion.
• Wall Street analysts have a moderate buy rating for Roku, with an average price target of $98.96, reflecting positive sentiment after several upgrades.

Comerica Bank raised its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 304,788 shares of the company's stock after purchasing an additional 12,933 shares during the quarter. Comerica Bank owned 0.21% of Roku worth $21,469,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Roku by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock valued at $880,753,000 after purchasing an additional 254,504 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Roku by 505.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock worth $96,402,000 after acquiring an additional 1,082,548 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Roku by 149.8% in the fourth quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock worth $90,017,000 after acquiring an additional 726,077 shares during the last quarter. Cadian Capital Management LP acquired a new position in shares of Roku in the fourth quarter worth $87,632,000. Finally, Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 37,465 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Trading Up 4.0%

Shares of NASDAQ:ROKU opened at $94.22 on Monday. The stock has a market capitalization of $13.88 billion, a PE ratio of -224.33, a P/E/G ratio of 13.19 and a beta of 2.05. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $104.96. The firm has a fifty day moving average price of $87.45 and a 200 day moving average price of $77.66.

Roku (NASDAQ:ROKU - Get Free Report) last issued 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. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. Roku's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, insider Charles Collier sold 212,559 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the completion of the sale, the insider directly owned 200 shares in the company, valued at $19,000. This represents a 99.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.07, for a total transaction of $267,210.00. Following the sale, the chief financial officer owned 73,132 shares of the company's stock, valued at $6,513,867.24. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,233 shares of company stock valued at $30,690,391. Company insiders own 13.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ROKU shares. Loop Capital raised shares of Roku from a "hold" rating to a "buy" rating and upped their price target for the stock from $80.00 to $100.00 in a research note on Tuesday, June 17th. KeyCorp upped their price target on shares of Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Citigroup reaffirmed a "neutral" rating and issued a $84.00 price target (up from $68.00) on shares of Roku in a research note on Wednesday, June 18th. Wall Street Zen raised shares of Roku from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Pivotal Research upped their price target on shares of Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $98.96.

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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