Roku, Inc. $ROKU Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Roku, Inc. by 29.3%, selling 67,224 shares during the 2nd quarter, leaving it with 162,545 shares valued at approximately $14.3 million.
• Roku's quarterly financials showed an earnings per share (EPS) of $0.07, surpassing analyst expectations and marking a 14.7% year-over-year revenue increase to $1.11 billion.
• Several research firms have raised their price targets for Roku, reflecting positive market sentiment, with the consensus target price now set at $101.33.

Robeco Institutional Asset Management B.V. lessened its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 29.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 162,545 shares of the company's stock after selling 67,224 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.11% of Roku worth $14,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. TRU Independence Asset Management 2 LLC purchased a new position in Roku during the second quarter valued at approximately $235,000. Dakota Wealth Management grew its stake in shares of Roku by 31.0% during the 2nd quarter. Dakota Wealth Management now owns 40,314 shares of the company's stock worth $3,543,000 after purchasing an additional 9,531 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Roku by 102.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 94,366 shares of the company's stock valued at $8,294,000 after purchasing an additional 47,760 shares in the last quarter. ABLE Financial Group LLC lifted its stake in shares of Roku by 40.4% in the 2nd quarter. ABLE Financial Group LLC now owns 25,342 shares of the company's stock valued at $2,227,000 after purchasing an additional 7,291 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Roku by 227.2% during the second quarter. Farther Finance Advisors LLC now owns 1,855 shares of the company's stock worth $163,000 after buying an additional 1,288 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Stock Up 0.0%

NASDAQ ROKU opened at $103.85 on Friday. The business's fifty day simple moving average is $93.99 and its 200-day simple moving average is $81.03. The firm has a market cap of $15.30 billion, a PE ratio of -247.26, a P/E/G ratio of 14.54 and a beta of 2.13. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $105.45.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. Roku's quarterly 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. Research analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ROKU. Guggenheim lifted their price objective on shares of Roku from $100.00 to $105.00 and gave the company a "buy" rating in a report on Friday, August 1st. Citigroup raised their target price on Roku from $85.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. Susquehanna upped their price target on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Needham & Company LLC reiterated a "buy" rating and set a $110.00 price target on shares of Roku in a research report on Wednesday. Finally, KeyCorp boosted their price objective on Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.33.

Insider Buying and Selling at Roku

In other news, CAO Matthew C. Banks sold 2,180 shares of Roku stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $97.85, for a total transaction of $213,313.00. Following the sale, the chief accounting officer owned 5,355 shares of the company's stock, valued at approximately $523,986.75. The trade was a 28.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dan Jedda sold 3,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $94.52, for a total value of $283,560.00. Following the completion of the transaction, the chief financial officer owned 83,420 shares of the company's stock, valued at $7,884,858.40. The trade was a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 529,986 shares of company stock worth $51,523,263. 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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