Strs Ohio Buys 9,052 Shares of Roku, Inc. $ROKU

Strs Ohio lifted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 16.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,607 shares of the company’s stock after purchasing an additional 9,052 shares during the period. Strs Ohio’s holdings in Roku were worth $5,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Berkshire Capital Holdings Inc. increased its holdings in shares of Roku by 1,413,400.0% during the 1st quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company’s stock worth $9,957,000 after acquiring an additional 141,340 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Roku during the 1st quarter worth approximately $6,026,000. Atika Capital Management LLC acquired a new position in shares of Roku during the 1st quarter worth approximately $5,086,000. West Tower Group LLC increased its holdings in shares of Roku by 128.6% during the 2nd quarter. West Tower Group LLC now owns 8,000 shares of the company’s stock worth $703,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Roku by 14.7% during the 1st quarter. Blair William & Co. IL now owns 45,727 shares of the company’s stock worth $3,221,000 after acquiring an additional 5,869 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ROKU shares. KeyCorp reissued an “overweight” rating and set a $116.00 target price on shares of Roku in a report on Tuesday, October 28th. Evercore ISI reissued a “positive” rating on shares of Roku in a report on Friday. Guggenheim upped their price objective on Roku from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 1st. Morgan Stanley reaffirmed an “underweight” rating on shares of Roku in a report on Friday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Roku in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.36.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 18,700 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $100.00, for a total transaction of $1,870,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $95.82, for a total value of $287,460.00. Following the sale, the chief financial officer directly owned 80,420 shares in the company, valued at approximately $7,705,844.40. This trade represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 349,971 shares of company stock valued at $34,855,055. 13.98% of the stock is owned by corporate insiders.

Roku Stock Performance

ROKU opened at $106.13 on Monday. The firm has a market cap of $15.64 billion, a P/E ratio of -530.62, a price-to-earnings-growth ratio of 9.21 and a beta of 2.18. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $116.66. The business’s fifty day moving average is $98.02 and its 200-day moving average is $85.68.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative return on equity of 1.09% and a negative net margin of 0.61%.Roku’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. Roku has set its Q4 2025 guidance at EPS. On average, research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

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.