Polianta Ltd Boosts Holdings in Roku, Inc. $ROKU

Key Points

• Polianta Ltd increased its stake in Roku, Inc. by 20.3%, acquiring an additional 2,900 shares to bring its total holdings to 17,200, worth approximately $1.5 million.
• Insider selling was observed with CEO Anthony J. Wood selling 25,000 shares for about $2.24 million and insider Mustafa Ozgen selling 50,527 shares for over $5 million.
• Analyst ratings for Roku have seen upgrades, with several firms raising price targets; JMP Securities has set a new target of $145 while maintaining a "market outperform" rating.

Polianta Ltd increased its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 20.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,200 shares of the company's stock after purchasing an additional 2,900 shares during the period. Roku makes up approximately 0.7% of Polianta Ltd's portfolio, making the stock its 22nd biggest holding. Polianta Ltd's holdings in Roku were worth $1,511,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Garde Capital Inc. bought a new position in shares of Roku in the first quarter worth approximately $25,000. Banque Transatlantique SA bought a new position in shares of Roku in the first quarter worth approximately $28,000. Beaird Harris Wealth Management LLC bought a new position in shares of Roku in the first quarter worth approximately $30,000. Golden State Wealth Management LLC grew its position in Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after acquiring an additional 247 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in Roku during the first quarter valued at approximately $35,000. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on ROKU shares. Wedbush reiterated an "outperform" rating and set a $100.00 price target on shares of Roku in a research report on Monday, July 28th. 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 research report on Friday, August 1st. Bank of America increased their price target on shares of Roku from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Citigroup increased their price target on shares of Roku from $85.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Susquehanna increased their price target on shares of Roku from $85.00 to $110.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.33.

Insider Buying and Selling

In other Roku news, CAO Matthew C. Banks sold 2,180 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total transaction of $213,313.00. Following the completion of the transaction, the chief accounting officer owned 5,355 shares of the company's stock, valued at approximately $523,986.75. This trade represents a 28.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 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 value of $2,500,000.00. Following the transaction, the chief executive officer directly owned 45,712 shares of the company's stock, valued at $4,571,200. This represents a 35.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 392,025 shares of company stock valued at $37,162,358 over the last three months. Insiders own 13.98% of the company's stock.

Roku Stock Up 0.8%

Shares of Roku stock traded up $0.82 on Thursday, hitting $99.16. The stock had a trading volume of 2,308,727 shares, compared to its average volume of 3,251,230. Roku, Inc. has a one year low of $52.43 and a one year high of $104.96. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of -236.10, a PEG ratio of 13.77 and a beta of 2.05. The stock's 50-day simple moving average is $91.74 and its two-hundred day simple moving average is $78.89.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (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 firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the business earned ($0.18) earnings per share. 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. As a group, equities analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

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.