Roku, Inc. $ROKU Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Roku, Inc. by 2.5%, bringing its total shares to 262,892, valued at approximately $18.5 million.
• Roku reported a quarterly earnings per share of $0.07, surpassing the consensus estimate of ($0.16) and achieving revenue of $1.11 billion, a 14.7% increase year-over-year.
• Insiders have sold over 340,000 shares of Roku stock, amounting to around $30.7 million in transactions over the last ninety days.

Invesco Ltd. grew its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 262,892 shares of the company's stock after buying an additional 6,471 shares during the period. Invesco Ltd. owned about 0.18% of Roku worth $18,518,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ROKU. Garde Capital Inc. bought a new position in Roku during the first quarter worth $25,000. Golden State Wealth Management LLC increased its stake in Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after purchasing an additional 247 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Roku during the first quarter worth $35,000. First PREMIER Bank acquired a new stake in shares of Roku during the first quarter worth $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Roku in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Performance

Shares of NASDAQ:ROKU traded up $3.61 on Friday, hitting $94.22. The company's stock had a trading volume of 4,121,229 shares, compared to its average volume of 4,737,900. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of -224.33, a price-to-earnings-growth ratio of 12.68 and a beta of 2.05. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $104.96. The stock's 50-day moving average is $87.45 and its two-hundred day moving average is $77.71.

Roku (NASDAQ:ROKU - Get Free Report) last posted 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. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter 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. Equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, insider Charles Collier sold 212,559 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the sale, the insider owned 200 shares of the company's stock, valued at $19,000. The trade was a 99.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 11,953 shares of the company's stock, valued at approximately $1,071,466.92. The trade was a 67.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,233 shares of company stock worth $30,690,391 over the last ninety days. Insiders own 13.98% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROKU. UBS Group lifted their price target on shares of Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Wall Street Zen upgraded Roku from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Rosenblatt Securities upped their target price on Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Citigroup reiterated a "neutral" rating and set a $84.00 price target (up from $68.00) on shares of Roku in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company boosted their price objective on Roku from $100.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.