Roku, Inc. $ROKU Shares Purchased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its holdings in Roku, Inc. by 39.6% during the 1st quarter, acquiring an additional 15,721 shares, bringing its total shares to 55,408.
• Roku reported a 14.7% year-over-year increase in quarterly revenue, totaling $1.11 billion, and its EPS of $0.07 exceeded analyst expectations by $0.23.
• Institutional investors currently own 86.30% of Roku's stock, and several analysts have raised their price targets for the company, with a median target of $98.96.

Raymond James Financial Inc. grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,408 shares of the company's stock after purchasing an additional 15,721 shares during the quarter. Raymond James Financial Inc.'s holdings in Roku were worth $3,903,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Garde Capital Inc. purchased a new position in shares of Roku during the 1st quarter worth $25,000. Golden State Wealth Management LLC raised its holdings in shares of Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after acquiring an additional 247 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of Roku during the 1st quarter worth $35,000. First PREMIER Bank purchased a new position in shares of Roku during the 1st quarter worth $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Roku during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Stock Down 2.9%

NASDAQ:ROKU traded down $2.87 on Tuesday, reaching $96.52. 2,889,078 shares of the company's stock were exchanged, compared to its average volume of 3,945,280. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of -230.26, a price-to-earnings-growth ratio of 13.33 and a beta of 2.05. The business has a fifty day moving average of $90.38 and a 200-day moving average of $78.15. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly 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. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned ($0.18) earnings per share. The business'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. As a group, equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ROKU. JMP Securities lifted their price target on Roku from $110.00 to $145.00 and gave the stock a "market outperform" rating in a report on Monday. 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 report on Friday, August 1st. Loop Capital upgraded shares of Roku from a "hold" rating to a "buy" rating and boosted their price objective for the company from $80.00 to $100.00 in a report on Tuesday, June 17th. Bank of America boosted their price objective on shares of Roku from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, Susquehanna boosted their price objective on shares of Roku from $85.00 to $110.00 and gave the company a "positive" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.36.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $89.64, for a total value of $2,241,000.00. Following the completion of the transaction, the chief executive officer directly owned 11,953 shares of the company's stock, valued at $1,071,466.92. This represents a 67.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Charles Collier sold 212,559 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.00, for a total value of $20,193,105.00. Following the completion of the transaction, the insider directly owned 200 shares of the company's stock, valued at $19,000. This trade represents a 99.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 318,588 shares of company stock valued at $29,753,228. 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.