Westbourne Investments Inc. Invests $439,000 in Roku, Inc. $ROKU

Key Points

• Westbourne Investments Inc. invested $439,000 in Roku, acquiring 5,000 shares during the second quarter, indicating growing institutional interest in the company.
• Wall Street analysts have expressed optimism for Roku, with multiple firms raising their target prices and rating the stock between "neutral" to "strong buy," reflecting a consensus rating of "Moderate Buy."
• Insider sales at Roku saw significant activity, including CFO Dan Jedda selling 3,000 shares, highlighting potential volatility or shifts in insider sentiment towards the company's future.

Westbourne Investments Inc. acquired a new position in Roku, Inc. (NASDAQ:ROKU - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the company's stock, valued at approximately $439,000.

Other institutional investors have also made changes to their positions in the company. Berkshire Capital Holdings Inc. increased its stake 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 period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Roku during the first quarter worth about $6,026,000. Atika Capital Management LLC acquired a new stake in Roku during the first quarter worth about $5,086,000. Lecap Asset Management Ltd. acquired a new stake in Roku during the first quarter worth about $511,000. Finally, Siemens Fonds Invest GmbH acquired a new stake in Roku during the fourth quarter worth about $1,681,000. 86.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROKU. Rosenblatt Securities lifted 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. Loop Capital raised Roku from a "hold" rating to a "buy" rating and lifted their target price for the stock from $80.00 to $100.00 in a research report on Tuesday, June 17th. JMP Securities lifted 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. Wall Street Zen raised Roku from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, KeyCorp lifted their price objective on Roku from $115.00 to $116.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $100.67.

Insider Activity at Roku

In other Roku news, CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction on 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 sale, the chief financial officer owned 73,132 shares in the company, valued at approximately $6,513,867.24. The trade was a 3.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Charles Collier sold 10,269 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $99.14, for a total transaction of $1,018,068.66. Following the sale, the insider owned 200 shares of the company's stock, valued at $19,828. The trade was a 98.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 389,025 shares of company stock worth $36,878,798. 13.98% of the stock is owned by company insiders.

Roku Price Performance

ROKU stock opened at $97.91 on Wednesday. The company has a 50 day moving average price of $91.37 and a 200 day moving average price of $78.63. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $104.96. The stock has a market capitalization of $14.43 billion, a PE ratio of -233.12, a price-to-earnings-growth ratio of 13.15 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. Roku's revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

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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