Interchange Capital Partners LLC Trims Stock Position in Roku, Inc. $ROKU

Key Points

• Interchange Capital Partners LLC significantly reduced its stake in Roku, Inc. by 91.8% in the second quarter, owning only 653 shares after selling over 7,000 shares.
• Roku's recent earnings report showed a profit of $0.07 per share, surpassing analysts' expectations, with a revenue of $1.11 billion.
• Several institutional investors, such as Nissay Asset Management and True Vision MN LLC, increased their holdings in Roku, indicating ongoing interest in the company's stock.

Interchange Capital Partners LLC lessened its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 91.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 653 shares of the company's stock after selling 7,296 shares during the period. Interchange Capital Partners LLC's holdings in Roku were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV grew its position in shares of Roku by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock valued at $1,097,000 after purchasing an additional 160 shares during the period. True Vision MN LLC grew its position in shares of Roku by 3.3% in the second quarter. True Vision MN LLC now owns 5,544 shares of the company's stock valued at $487,000 after purchasing an additional 179 shares during the period. Stonekeep Investments LLC grew its position in shares of Roku by 4.9% in the second quarter. Stonekeep Investments LLC now owns 4,084 shares of the company's stock valued at $359,000 after purchasing an additional 191 shares during the period. Smith Group Asset Management LLC grew its position in shares of Roku by 2.8% in the first quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company's stock valued at $521,000 after purchasing an additional 200 shares during the period. Finally, Neuberger Berman Group LLC grew its position in shares of Roku by 3.8% in the first quarter. Neuberger Berman Group LLC now owns 5,737 shares of the company's stock valued at $404,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Price Performance

NASDAQ:ROKU opened at $98.58 on Thursday. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of -234.71, a PEG ratio of 11.13 and a beta of 2.13. The company's 50-day moving average is $95.55 and its two-hundred day moving average is $82.14. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $107.25.

Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.23. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates 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 was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts anticipate 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 Mustafa Ozgen sold 50,527 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total value of $5,052,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business'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 $2,500,000.00. Following the completion of the transaction, the chief executive officer owned 45,712 shares in the company, valued at $4,571,200. The trade was a 35.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 537,890 shares of company stock worth $52,546,201 in the last ninety days. 13.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ROKU shares. Guggenheim boosted their price target on shares of Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. KeyCorp boosted their price target on shares of Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company boosted their price target on shares of Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Needham & Company LLC restated a "buy" rating and set a $110.00 price target on shares of Roku in a research report on Wednesday, October 1st. Finally, Susquehanna boosted their price target on shares of Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $101.33.

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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