Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Roku, Inc. $ROKU

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Roku, Inc. by 56.1% during the second quarter, bringing its total holdings to 16,777 shares valued at approximately $1.48 million.
• In a series of insider transactions, executive Mustafa Ozgen sold 50,527 shares worth over $5 million, while CFO Dan Jedda sold 3,000 shares valued at approximately $283,560.
• Roku's stock price recently opened at $100.08 and has shown a 14.7% year-over-year revenue increase, with analysts giving it a consensus rating of "Moderate Buy".

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 56.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,777 shares of the company's stock after acquiring an additional 6,030 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Roku were worth $1,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Garde Capital Inc. purchased a new stake in shares of Roku during the first quarter valued at approximately $25,000. Banque Transatlantique SA purchased a new stake in shares of Roku during the first quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC purchased a new stake in Roku in the first quarter worth $30,000. Golden State Wealth Management LLC increased its position in Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after buying an additional 247 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in Roku in the first quarter worth $35,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Mustafa Ozgen sold 50,527 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total value of $5,052,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $94.52, for a total value of $283,560.00. Following the completion of the sale, the chief financial officer directly owned 83,420 shares of the company's stock, valued at approximately $7,884,858.40. This trade represents a 3.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 417,025 shares of company stock valued at $39,662,358. 13.98% of the stock is owned by insiders.

Roku Stock Up 0.5%

Shares of ROKU stock opened at $100.08 on Tuesday. The business has a 50-day moving average price of $92.96 and a two-hundred day moving average price of $80.19. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $104.96. The firm has a market cap of $14.74 billion, a P/E ratio of -238.29, a price-to-earnings-growth ratio of 13.94 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly 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 return on equity of 2.44% and a negative net margin of 1.40%.The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The company's 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. As a group, research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ROKU. Pivotal Research raised their target price on Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised 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. Wall Street Zen raised Roku from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. UBS Group raised their target price on Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Finally, JMP Securities raised their target price on Roku from $110.00 to $145.00 and gave the stock a "market outperform" rating in a research report on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Roku has a consensus rating of "Moderate Buy" and a consensus price target of $101.33.

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.

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