Trexquant Investment LP Takes Position in Roku, Inc. $ROKU

Key Points

• Trexquant Investment LP has acquired a new position in Roku, Inc., purchasing 196,821 shares valued at approximately $13.86 million, representing 0.13% of the company's stock.
• Roku's stock has seen a recent price increase of 1.4%, trading at $97.54, with the company reporting a quarterly revenue of $1.11 billion, surpassing analysts' expectations.
• Analyst ratings for Roku are generally positive, with several firms raising their target prices, indicating a consensus rating of "Moderate Buy" and an average target price of about $98.96.

Trexquant Investment LP acquired a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 196,821 shares of the company's stock, valued at approximately $13,864,000. Trexquant Investment LP owned 0.13% of Roku at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ROKU. Cadian Capital Management LP bought a new stake in shares of Roku in the 4th quarter worth approximately $87,632,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Roku by 505.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock worth $96,402,000 after buying an additional 1,082,548 shares during the period. Two Sigma Investments LP lifted its position in shares of Roku by 149.8% during the 4th quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock worth $90,017,000 after buying an additional 726,077 shares during the period. Tremblant Capital Group bought a new position in shares of Roku during the 4th quarter worth approximately $43,220,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Roku by 38,431.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 489,353 shares of the company's stock worth $34,470,000 after buying an additional 488,083 shares during the period. Institutional investors own 86.30% of the company's stock.

Roku Stock Up 1.4%

Shares of Roku stock opened at $97.54 on Friday. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $104.96. The business has a fifty day simple moving average of $88.61 and a 200 day simple moving average of $78.06. The stock has a market cap of $14.37 billion, a PE ratio of -232.24, a price-to-earnings-growth ratio of 13.46 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.23. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the previous year, the firm earned ($0.18) earnings per share. The firm's quarterly revenue 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. Analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

ROKU has been the subject of several analyst reports. Rosenblatt Securities raised their target price on Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Bank of America raised their target price on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Susquehanna lifted their price objective on Roku from $85.00 to $110.00 and gave the company a "positive" rating in a research report on Friday, August 1st. JMP Securities reiterated a "market outperform" rating and issued a $110.00 price objective on shares of Roku in a research report on Monday. Finally, Wall Street Zen upgraded Roku from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $98.96.

Insiders Place Their Bets

In other Roku news, CAO Matthew C. Banks sold 3,360 shares of Roku stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $85.05, for a total transaction of $285,768.00. Following the transaction, the chief accounting officer directly owned 5,195 shares in the company, valued at approximately $441,834.75. The trade was a 39.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total value of $270,600.00. Following the transaction, the chief financial officer owned 76,132 shares in the company, valued at approximately $6,867,106.40. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 325,502 shares of company stock valued at $29,790,946. Insiders own 13.98% of the company's stock.

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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