Roku, Inc. $ROKU Shares Acquired by West Tower Group LLC

Key Points

• West Tower Group LLC increased its stake in Roku, Inc. by 128.6% during Q2, bringing their total ownership to 8,000 shares, valued at approximately $703,000.
• Several analysts have raised their price targets for Roku shares, with Susquehanna setting a new target of $110.00, while Wells Fargo increased it to $113.00, reflecting a positive outlook on the stock.
• Insider trading activity has seen significant sales, including Charles Collier selling over 15,000 shares, indicating a 98.72% reduction in his ownership, while insiders have sold a total of approximately $32.6 million in stocks over the last 90 days.

West Tower Group LLC grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 128.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,000 shares of the company's stock after purchasing an additional 4,500 shares during the quarter. Roku makes up about 1.5% of West Tower Group LLC's investment portfolio, making the stock its 18th biggest position. West Tower Group LLC's holdings in Roku were worth $703,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ROKU. Garde Capital Inc. purchased a new position in shares of Roku during the 1st quarter worth $25,000. Banque Transatlantique SA purchased a new position in shares of Roku during the 1st quarter worth $28,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Roku during the 1st quarter worth $30,000. Golden State Wealth Management LLC lifted its stake 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 purchasing an additional 247 shares during the period. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Roku by 327.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company's stock worth $40,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Susquehanna increased their target price on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Wells Fargo & Company increased their price target on Roku from $100.00 to $113.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JMP Securities reiterated a "market outperform" rating and issued a $145.00 price target on shares of Roku in a report on Thursday, October 2nd. Pivotal Research increased their price target on Roku from $100.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $110.00 price target on shares of Roku in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.33.

Insider Activity at Roku

In related news, insider Charles Collier sold 15,404 shares of Roku stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $103.31, for a total value of $1,591,387.24. Following the completion of the transaction, the insider directly owned 200 shares in the company, valued at approximately $20,662. This trade represents a 98.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mustafa Ozgen sold 50,527 shares of Roku stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total value of $5,052,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 328,331 shares of company stock valued at $32,640,556. 13.98% of the stock is currently owned by insiders.

Roku Price Performance

Shares of Roku stock opened at $94.21 on Monday. The business has a 50-day moving average of $96.01 and a 200-day moving average of $82.70. The company has a market capitalization of $13.88 billion, a PE ratio of -224.31, a P/E/G ratio of 11.11 and a beta of 2.13. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $107.25.

Roku (NASDAQ:ROKU - Get Free Report) last announced its 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. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Roku, Inc. will post -0.3 earnings per share 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.

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