TRU Independence Asset Management 2 LLC Purchases Shares of 2,670 Roku, Inc. $ROKU

Key Points

• TRU Independence Asset Management 2 LLC acquired 2,670 shares of Roku, Inc. valued at around $235,000 in the second quarter, highlighting increasing institutional interest in the company.
• Roku recently reported quarterly earnings of $0.07 per share, surpassing analysts' expectations of ($0.16), with revenue of $1.11 billion, up 14.7% year-over-year.
• Research firms have increased their target prices for Roku, with JMP Securities raising it from $110 to $145, indicating a positive outlook for the company's stock.

TRU Independence Asset Management 2 LLC purchased a new stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,670 shares of the company's stock, valued at approximately $235,000.

Other large investors have also recently made changes to their positions in the company. Berkshire Capital Holdings Inc. increased its holdings in shares of Roku by 1,413,400.0% in the first quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company's stock worth $9,957,000 after purchasing an additional 141,340 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Roku during the first quarter worth approximately $6,026,000. Atika Capital Management LLC bought a new stake in Roku during the first quarter worth approximately $5,086,000. Lecap Asset Management Ltd. bought a new stake in Roku during the first quarter worth approximately $511,000. Finally, Blair William & Co. IL increased its stake in Roku by 14.7% during the first quarter. Blair William & Co. IL now owns 45,727 shares of the company's stock worth $3,221,000 after acquiring an additional 5,869 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Roku Trading Up 1.6%

Shares of ROKU stock opened at $99.60 on Friday. The business's fifty day simple moving average is $92.79 and its 200-day simple moving average is $79.81. The company has a market cap of $14.67 billion, a PE ratio of -237.14, a PEG ratio of 13.72 and a beta of 2.05. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.23. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The business's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Roku news, CAO Matthew C. Banks sold 2,180 shares of the company's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $97.85, for a total value of $213,313.00. Following the sale, the chief accounting officer directly owned 5,355 shares of the company's stock, valued at approximately $523,986.75. This represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. The disclosure for this sale can be found here. Insiders sold 417,025 shares of company stock valued at $39,662,358 in the last 90 days. 13.98% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ROKU shares. JMP Securities boosted their target price on Roku from $110.00 to $145.00 and gave the company a "market outperform" rating in a research report on Monday, September 8th. Pivotal Research boosted their target price on Roku from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Rosenblatt Securities boosted their target price on Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Wedbush reiterated an "outperform" rating and issued a $100.00 price target on shares of Roku in a report on Monday, July 28th. Finally, Piper Sandler boosted their price target on Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Roku presently has an average rating of "Moderate Buy" and an average price target of $101.33.

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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