Rhumbline Advisers Sells 760 Shares of Roku, Inc. $ROKU

Rhumbline Advisers reduced its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 0.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,588 shares of the company’s stock after selling 760 shares during the period. Rhumbline Advisers owned about 0.10% of Roku worth $9,903,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Acadian Asset Management LLC grew its position in shares of Roku by 456.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock valued at $134,222,000 after acquiring an additional 1,563,449 shares during the period. Two Sigma Investments LP lifted its position in shares of Roku by 149.8% during the 4th quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company’s stock valued at $90,017,000 after buying an additional 726,077 shares in the last quarter. Tremblant Capital Group purchased a new stake in Roku in the 4th quarter worth approximately $43,220,000. Duquesne Family Office LLC purchased a new stake in Roku in the 1st quarter worth approximately $34,769,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Roku by 38,431.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 489,353 shares of the company’s stock worth $34,470,000 after acquiring an additional 488,083 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Insider Activity at Roku

In other news, CAO Matthew C. Banks sold 2,180 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total value of $213,313.00. Following the completion of the sale, the chief accounting officer directly owned 5,355 shares of the company’s stock, valued at $523,986.75. This trade represents a 28.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Dan Jedda sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.07, for a total value of $267,210.00. Following the transaction, the chief financial officer directly owned 73,132 shares in the company, valued at approximately $6,513,867.24. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 369,115 shares of company stock valued at $34,805,928 over the last ninety days. 13.98% of the stock is currently owned by company insiders.

Roku Stock Down 2.1%

Roku stock opened at $94.94 on Thursday. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $104.96. The firm’s fifty day moving average is $90.77 and its 200 day moving average is $78.40. The company has a market cap of $13.99 billion, a price-to-earnings ratio of -226.05, a PEG ratio of 13.58 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.23. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) EPS. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ROKU has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research report on Monday, July 28th. Loop Capital raised Roku from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $100.00 in a research note on Tuesday, June 17th. Pivotal Research lifted their target price on Roku from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Needham & Company LLC boosted their price target on Roku from $100.00 to $110.00 and gave the stock a “buy” 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.36.

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.