Landscape Capital Management L.L.C. Purchases Shares of 32,847 Roku, Inc. $ROKU

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in Roku, Inc., purchasing 32,847 shares valued at approximately $2.3 million.
• Several institutional investors have recently increased their holdings in Roku, with 86.30% of the company's stock now owned by institutions.
• Roku's latest earnings report showed a small profit of $0.07 per share, significantly beating analyst expectations of a loss, and the company reported a revenue increase of 14.7% year-over-year.

Landscape Capital Management L.L.C. purchased a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,847 shares of the company's stock, valued at approximately $2,314,000.

Several other large investors have also modified their holdings of ROKU. Berkshire Capital Holdings Inc. raised its holdings in Roku by 1,413,400.0% in the 1st quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company's stock worth $9,957,000 after acquiring an additional 141,340 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Roku in the first quarter valued at about $6,026,000. 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 purchasing an additional 1,082,548 shares during the period. Atika Capital Management LLC bought a new position in shares of Roku in the first quarter worth about $5,086,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Roku during the 1st quarter worth about $511,000. 86.30% of the stock is owned by institutional investors.

Roku Price Performance

ROKU opened at $97.54 on Friday. The company has a market capitalization of $14.37 billion, a P/E ratio of -232.24, a P/E/G ratio of 13.46 and a beta of 2.05. The firm's fifty day moving average price is $88.61 and its two-hundred day moving average price is $78.06. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $104.96.

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 analysts' consensus estimates of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the company posted ($0.18) EPS. The business's revenue was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $89.64, for a total value of $2,241,000.00. Following the completion of the transaction, the chief executive officer directly owned 11,953 shares of the company's stock, valued at approximately $1,071,466.92. This represents a 67.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Charles Collier sold 212,559 shares of the firm'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 value of $20,193,105.00. Following the transaction, the insider owned 200 shares of the company's stock, valued at $19,000. This trade represents a 99.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 325,502 shares of company stock worth $29,790,946. 13.98% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of research analyst reports. KeyCorp raised their target price on Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company raised their price objective on shares of Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Pivotal Research upped their target price on shares of Roku from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Roku from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Roku from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Roku presently has an average rating of "Moderate Buy" and a consensus 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.

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