VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Position in Roku, Inc. $ROKU

Key Points

• The Virginia Retirement Systems purchased 27,500 shares of Roku, Inc. worth approximately $2.4 million during the second quarter.
• Multiple institutional investors, including GAMMA Investing LLC and Oppenheimer & Co. Inc., significantly increased their stakes in Roku, highlighting strong investor interest.
• Analysts have mixed views on Roku, with several adjusting price targets; the company's current consensus rating stands at "Moderate Buy" with a target price of $101.33.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Roku, Inc. (NASDAQ:ROKU - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,500 shares of the company's stock, valued at approximately $2,417,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ROKU. GAMMA Investing LLC raised its stake in Roku by 103.6% in the first quarter. GAMMA Investing LLC now owns 959 shares of the company's stock valued at $68,000 after purchasing an additional 488 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Roku by 72.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,747 shares of the company's stock valued at $757,000 after purchasing an additional 4,522 shares in the last quarter. QRG Capital Management Inc. raised its stake in Roku by 14.3% in the first quarter. QRG Capital Management Inc. now owns 3,569 shares of the company's stock valued at $251,000 after purchasing an additional 447 shares in the last quarter. Palumbo Wealth Management LLC purchased a new stake in Roku in the first quarter valued at approximately $206,000. Finally, Oppenheimer & Co. Inc. raised its stake in Roku by 45.8% in the first quarter. Oppenheimer & Co. Inc. now owns 3,946 shares of the company's stock valued at $278,000 after purchasing an additional 1,240 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROKU has been the topic of several research reports. Pivotal Research lifted their price target on shares of Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Roku in a research note on Monday, July 28th. Weiss Ratings reissued a "sell (d-)" rating on shares of Roku in a research note on Wednesday, October 8th. Citigroup lifted their price target on shares of Roku from $85.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, September 18th. Finally, Guggenheim lifted their price target on shares of Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research note 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 given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.33.

Insider Transactions at Roku

In other news, insider Mustafa Ozgen sold 50,527 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total value of $5,052,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Charles Collier sold 112,961 shares of Roku stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $105.00, for a total transaction of $11,860,905.00. Following the completion of the sale, the insider owned 200 shares in the company, valued at approximately $21,000. This trade represents a 99.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,331 shares of company stock worth $32,640,556. Insiders own 13.98% of the company's stock.

Roku Stock Performance

Shares of Roku stock opened at $97.49 on Wednesday. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $107.25. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of -232.12, a P/E/G ratio of 11.35 and a beta of 2.13. The company's 50 day moving average price is $96.56 and its 200-day moving average price is $83.09.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the business earned ($0.18) earnings per share. The business's 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. As a group, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

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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