OMERS ADMINISTRATION Corp Has $2.09 Million Holdings in Roku, Inc. $ROKU

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Roku, Inc. by 115.6% in Q1, owning 29,625 shares valued at approximately $2.09 million.
• Several institutional investors have also raised their positions in Roku, indicating strong interest from large investors, with institutional ownership totaling 86.30%.
• Analysts have upgraded Roku's stock ratings recently, with an average target price now at $98.96 and multiple firms providing bullish assessments, reflecting a positive market outlook.

OMERS ADMINISTRATION Corp boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 115.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,625 shares of the company's stock after buying an additional 15,886 shares during the period. OMERS ADMINISTRATION Corp's holdings in Roku were worth $2,087,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. United Advisor Group LLC increased its holdings in shares of Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after purchasing an additional 130 shares during the period. Smith Group Asset Management LLC increased its holdings in shares of Roku by 2.8% in the 1st quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company's stock valued at $521,000 after purchasing an additional 200 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Roku by 3.8% in the 1st quarter. Neuberger Berman Group LLC now owns 5,737 shares of the company's stock valued at $404,000 after purchasing an additional 208 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Roku by 125.4% in the 1st 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 period. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Roku by 95.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 569 shares of the company's stock valued at $42,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ROKU. Loop Capital upgraded Roku from a "hold" rating to a "buy" rating and upped their target price for the company from $80.00 to $100.00 in a report on Tuesday, June 17th. UBS Group upped their target price on Roku from $72.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, August 1st. 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. Pivotal Research increased their price objective on Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their price objective on Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $98.96.

Roku Stock Performance

NASDAQ:ROKU opened at $96.56 on Friday. The stock's 50 day moving average price is $88.92 and its 200 day moving average price is $78.11. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $104.96. The company has a market capitalization of $14.23 billion, a P/E ratio of -229.90, a P/E/G ratio of 13.52 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roku news, CAO Matthew C. Banks sold 3,360 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was 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 represents a 39.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $89.07, for a total value of $267,210.00. Following the sale, the chief financial officer directly owned 73,132 shares of the company's stock, valued at $6,513,867.24. The trade was a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 325,502 shares of company stock worth $29,790,946 over the last ninety days. Company 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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