Nuveen LLC Acquires New Position in Roku, Inc. $ROKU

Key Points

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Nuveen LLC purchased a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 320,853 shares of the company's stock, valued at approximately $22,601,000. Nuveen LLC owned approximately 0.22% of Roku at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Roku by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock valued at $880,753,000 after purchasing an additional 254,504 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Roku by 10.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock valued at $168,734,000 after purchasing an additional 215,841 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Roku by 505.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after purchasing an additional 1,082,548 shares in the last quarter. Two Sigma Investments LP raised its holdings in Roku by 149.8% during the 4th quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock valued at $90,017,000 after buying an additional 726,077 shares during the last quarter. Finally, Cadian Capital Management LP bought a new stake in Roku during the 4th quarter valued at $87,632,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Trading Down 0.4%

NASDAQ ROKU traded down $0.33 during trading on Wednesday, hitting $88.47. The company had a trading volume of 2,896,427 shares, compared to its average volume of 4,005,757. Roku, Inc. has a one year low of $52.43 and a one year high of $104.96. The company has a market cap of $13.03 billion, a price-to-earnings ratio of -210.64, a price-to-earnings-growth ratio of 12.92 and a beta of 2.05. The company's fifty day moving average is $86.62 and its 200-day moving average is $77.45.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data 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 net margin of 1.40% and a negative return on equity of 2.44%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned ($0.18) EPS. The company's revenue for the quarter was up 14.7% on a year-over-year basis. 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 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Susquehanna upped their price target on shares of Roku from $85.00 to $110.00 and gave the company a "positive" rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Roku from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Bank of America upped their price target on shares of Roku from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. KeyCorp upped their price target on shares of Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped 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. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Roku has an average rating of "Moderate Buy" and a consensus target price of $98.96.

Insider Buying and Selling at Roku

In related news, CFO Dan Jedda sold 3,000 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $90.20, for a total value of $270,600.00. Following the completion of the transaction, the chief financial officer directly owned 76,132 shares in the company, valued at $6,867,106.40. This trade represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $89.64, for a total transaction of $2,241,000.00. Following the completion of the transaction, the chief executive officer 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 valued at $30,690,391 in the last quarter. 13.98% of the stock is 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.