UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Position in Roku, Inc. $ROKU

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 15.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 610,868 shares of the company's stock after buying an additional 83,677 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.42% of Roku worth $43,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Garde Capital Inc. purchased a new stake in shares of Roku in the first quarter valued at $25,000. Beaird Harris Wealth Management LLC purchased a new stake in Roku during the first quarter valued at about $30,000. Banque Transatlantique SA purchased a new stake in Roku during the first quarter valued at about $28,000. Golden State Wealth Management LLC grew its position in Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after acquiring an additional 247 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Roku during the first quarter worth about $35,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Insider Activity

In other news, CFO Dan Jedda sold 3,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.07, for a total transaction of $267,210.00. Following the completion of the transaction, the chief financial officer directly owned 73,132 shares in the company, valued at $6,513,867.24. This represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles Collier sold 10,269 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $99.14, for a total transaction of $1,018,068.66. Following the transaction, the insider owned 200 shares of the company's stock, valued at approximately $19,828. This represents a 98.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 392,615 shares of company stock worth $37,183,948. Corporate insiders own 13.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JMP Securities boosted their price objective on Roku from $110.00 to $145.00 and gave the stock a "market outperform" rating in a research note on Monday, September 8th. KeyCorp increased their price objective on Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Rosenblatt Securities increased their price objective on Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Guggenheim upped their target price on Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on Roku from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $100.67.

Roku Stock Down 1.9%

ROKU stock opened at $94.52 on Monday. The company has a market cap of $13.93 billion, a PE ratio of -225.05, a price-to-earnings-growth ratio of 13.23 and a beta of 2.05. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $104.96. The business's 50-day simple moving average is $91.06 and its 200 day simple moving average is $78.42.

Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results 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 company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Roku'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. On average, equities research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

About Roku

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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