Anderson Financial Strategies LLC Takes Position in Roku, Inc. $ROKU

Anderson Financial Strategies LLC bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) in the 1st quarter, Holdings Channel reports. The fund bought 967 shares of the company’s stock, valued at approximately $68,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Strs Ohio acquired a new stake in Roku during the 1st quarter worth approximately $3,984,000. Acadian Asset Management LLC increased its holdings in shares of Roku by 456.7% in the first quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock valued at $134,222,000 after purchasing an additional 1,563,449 shares during the period. Focus Partners Wealth purchased a new stake in shares of Roku during the first quarter worth approximately $229,000. Plato Investment Management Ltd lifted its holdings in shares of Roku by 217.4% during the first quarter. Plato Investment Management Ltd now owns 9,663 shares of the company’s stock worth $688,000 after purchasing an additional 6,619 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in Roku in the 1st quarter valued at $398,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Price Performance

ROKU opened at $94.94 on Thursday. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $104.96. The stock has a market cap of $13.99 billion, a P/E ratio of -226.05, a P/E/G ratio of 13.58 and a beta of 2.05. The stock’s 50 day simple moving average is $90.77 and its 200 day simple moving average is $78.40.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data 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. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.Roku’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, insider Mustafa Ozgen sold 50,527 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the company’s 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 sale, the chief financial officer directly owned 73,132 shares in the company, valued at $6,513,867.24. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 369,115 shares of company stock worth $34,805,928. Insiders own 13.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROKU. Piper Sandler raised their target price on shares of Roku from $65.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Rosenblatt Securities increased their price target on shares of Roku from $75.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Roku from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. JMP Securities boosted 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. Finally, Susquehanna raised their price target on Roku from $85.00 to $110.00 and gave the company a “positive” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.36.

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.