Public Employees Retirement System of Ohio Increases Stake in Roku, Inc. $ROKU

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Roku, Inc. by 102.5% during the second quarter, now owning 94,366 shares valued at approximately $8.3 million.
• Several analysts have raised their price targets for Roku, with the average consensus now set at $101.33, reflecting an overall positive outlook on the stock.
• Roku reported earnings of $0.07 per share for its last quarter, surpassing estimates, with revenue growing 14.7% year-over-year to $1.11 billion.

Public Employees Retirement System of Ohio lifted its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 102.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,366 shares of the company's stock after acquiring an additional 47,760 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Roku worth $8,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Garde Capital Inc. bought a new position in shares of Roku in the 1st quarter worth approximately $25,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Roku during the first quarter worth about $30,000. Banque Transatlantique SA bought a new stake in shares of Roku during the first quarter valued at approximately $28,000. Golden State Wealth Management LLC lifted its stake in Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after purchasing an additional 247 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in Roku during the first quarter valued at approximately $35,000. 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 research reports. KeyCorp increased their price objective on shares of Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their price objective on Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Guggenheim raised their price objective on Roku from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Susquehanna boosted their target price on Roku from $85.00 to $110.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Finally, Piper Sandler raised their target price on shares of Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Roku currently has an average rating of "Moderate Buy" and a consensus price target of $101.33.

Roku Price Performance

Shares of ROKU opened at $99.60 on Friday. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96. The company has a 50-day moving average of $92.79 and a 200 day moving average of $79.87. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of -237.14, a PEG ratio of 13.94 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. The company'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. On average, equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other Roku news, insider Charles Collier sold 212,559 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the transaction, the insider owned 200 shares of the company's stock, valued at approximately $19,000. This trade represents a 99.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mustafa Ozgen sold 50,527 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 417,025 shares of company stock worth $39,662,358. 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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