Metavasi Capital LP Buys 22,000 Shares of Roku, Inc. $ROKU

Key Points

• Metavasi Capital LP increased its stake in Roku, Inc. by 42.3%, acquiring an additional 22,000 shares and now holding a total of 74,000 shares worth approximately $5.2 million.
• Analysts have set new price targets for Roku, with JPMorgan and KeyCorp raising their targets to $105.00 and $116.00 respectively, and showing a consensus average target price of $98.96.
• Roku's most recent earnings report surpassed consensus expectations, with a reported $1.11 billion in revenue for the quarter, an increase of 14.7% compared to the previous year.

Metavasi Capital LP grew its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 42.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,000 shares of the company's stock after purchasing an additional 22,000 shares during the quarter. Roku makes up approximately 3.3% of Metavasi Capital LP's portfolio, making the stock its 11th biggest position. Metavasi Capital LP owned 0.05% of Roku worth $5,213,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings 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 buying an additional 254,504 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position 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 valued at $96,402,000 after acquiring an additional 1,082,548 shares during the period. Two Sigma Investments LP increased its position 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 valued at $90,017,000 after acquiring an additional 726,077 shares during the period. Cadian Capital Management LP bought a new position in shares of Roku during the fourth quarter valued at about $87,632,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Roku by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company's stock worth $72,436,000 after purchasing an additional 37,465 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ROKU. JPMorgan Chase & Co. lifted their price objective on Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. KeyCorp raised their price target on Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Pivotal Research boosted their price objective on shares of Roku from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Citigroup restated an "outperform" rating on shares of Roku in a report on Monday, August 25th. Finally, Susquehanna lifted their target price on shares of Roku from $85.00 to $110.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Roku has an average rating of "Moderate Buy" and an average target price of $98.96.

Roku Stock Down 1.0%

ROKU stock opened at $96.56 on Monday. The business has a 50 day moving average of $88.92 and a 200 day moving average of $78.05. The firm has a market cap of $14.23 billion, a PE ratio of -229.90, a price-to-earnings-growth ratio of 13.52 and a beta of 2.05. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.23. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted ($0.18) earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Matthew C. Banks sold 3,360 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $85.05, for a total transaction of $285,768.00. Following the completion of the sale, the chief accounting officer owned 5,195 shares of the company's stock, valued at $441,834.75. This trade represents a 39.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the insider owned 200 shares of the company's stock, valued at approximately $19,000. The trade was a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 325,502 shares of company stock worth $29,790,946. Corporate insiders own 13.98% of the company's stock.

Roku Company 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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