Shellback Capital LP Grows Holdings in Roku, Inc. $ROKU

Key Points

• Shellback Capital LP increased its stake in Roku, Inc. by 8.3%, acquiring an additional 5,000 shares to total 65,000 shares valued at approximately $4.58 million.
• Analysts have raised their price targets for Roku, with Piper Sandler increasing it to $84.00 and Guggenheim to $105.00, reflecting a generally positive sentiment towards the stock.
• Roku reported a 14.7% year-over-year revenue increase, earning $0.07 EPS for the last quarter, outperforming analyst expectations.

Shellback Capital LP grew its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,000 shares of the company's stock after purchasing an additional 5,000 shares during the period. Shellback Capital LP's holdings in Roku were worth $4,579,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Roku by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock valued at $880,753,000 after buying an additional 254,504 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Roku by 21.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company's stock valued at $111,372,000 after acquiring an additional 284,323 shares in the last quarter. Two Sigma Investments LP increased its stake in Roku by 149.8% during the fourth quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock worth $90,017,000 after purchasing an additional 726,077 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Roku by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company's stock worth $72,436,000 after purchasing an additional 37,465 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Roku by 6.0% in the first quarter. Northern Trust Corp now owns 755,762 shares of the company's stock valued at $53,236,000 after purchasing an additional 42,926 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on ROKU shares. UBS Group boosted their price target on shares of Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Bank of America upped their price target on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Rosenblatt Securities increased their price target on Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Citigroup reiterated an "outperform" rating on shares of Roku in a research note on Monday, August 25th. Finally, Wall Street Zen upgraded shares of Roku from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Roku has a consensus rating of "Moderate Buy" and a consensus price target of $100.36.

Roku Stock Down 2.4%

ROKU stock traded down $2.40 during trading on Tuesday, hitting $96.99. The company had a trading volume of 4,292,525 shares, compared to its average volume of 3,953,997. The firm has a 50-day moving average price of $90.38 and a 200-day moving average price of $78.15. The firm has a market cap of $14.29 billion, a PE ratio of -230.93, a price-to-earnings-growth ratio of 13.33 and a beta of 2.05. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96.

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 for 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 business posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In other Roku news, CAO Matthew C. Banks sold 3,360 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $85.05, for a total value of $285,768.00. Following the completion of the sale, the chief accounting officer owned 5,195 shares of the company's stock, valued at approximately $441,834.75. This trade represents a 39.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $89.07, for a total transaction of $267,210.00. Following the sale, the chief financial officer owned 73,132 shares in the company, valued at $6,513,867.24. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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.