Lecap Asset Management Ltd. Trims Stock Position in Roku, Inc. $ROKU

Key Points

• Lecap Asset Management Ltd. has reduced its stake in Roku, Inc. by 34.0%, resulting in ownership of 4,781 shares valued at approximately $420,000 as of the end of the second quarter.
• Several institutional investors have adjusted their positions in Roku, notably with the Public Employees Retirement System of Ohio increasing its holdings by 102.5%, now owning 94,366 shares worth $8.29 million.
• Analysts have raised their price targets on Roku, with a consensus average target of $101.33, indicating a generally optimistic outlook on the stock's performance.

Lecap Asset Management Ltd. lessened its holdings in Roku, Inc. (NASDAQ:ROKU - Free Report) by 34.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,781 shares of the company's stock after selling 2,468 shares during the period. Lecap Asset Management Ltd.'s holdings in Roku were worth $420,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. TRU Independence Asset Management 2 LLC purchased a new stake in shares of Roku in the second quarter valued at about $235,000. Dakota Wealth Management lifted its holdings in shares of Roku by 31.0% in the second quarter. Dakota Wealth Management now owns 40,314 shares of the company's stock valued at $3,543,000 after purchasing an additional 9,531 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Roku by 102.5% in the second quarter. Public Employees Retirement System of Ohio now owns 94,366 shares of the company's stock valued at $8,294,000 after purchasing an additional 47,760 shares in the last quarter. ABLE Financial Group LLC lifted its holdings in shares of Roku by 40.4% in the second quarter. ABLE Financial Group LLC now owns 25,342 shares of the company's stock valued at $2,227,000 after purchasing an additional 7,291 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Roku by 227.2% during the second quarter. Farther Finance Advisors LLC now owns 1,855 shares of the company's stock worth $163,000 after acquiring an additional 1,288 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

Analysts Set New Price Targets

ROKU has been the subject of several recent analyst reports. Susquehanna lifted their target price on shares of Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Roku from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Roku in a research note on Monday, July 28th. Guggenheim increased their price target on shares of Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Rosenblatt Securities increased their price target on shares of Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Roku currently has an average rating of "Moderate Buy" and an average target price of $101.33.

Roku Trading Up 0.0%

ROKU opened at $103.85 on Friday. The company has a fifty day simple moving average of $93.99 and a 200 day simple moving average of $80.97. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of -247.26, a PEG ratio of 14.54 and a beta of 2.13. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $105.45.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.23. The business had revenue of $1.11 billion during 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%. The business's revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In related news, insider Mustafa Ozgen sold 50,527 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew C. Banks sold 2,180 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $97.85, for a total transaction of $213,313.00. Following the sale, the chief accounting officer directly owned 5,355 shares of the company's stock, valued at approximately $523,986.75. The trade was a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 529,986 shares of company stock worth $51,523,263. 13.98% of the stock is currently owned by insiders.

Roku Profile

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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