Moran Wealth Management LLC Takes $2.99 Million Position in Roku, Inc. $ROKU

Moran Wealth Management LLC bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 31,600 shares of the company’s stock, valued at approximately $2,990,000.

A number of other large investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new position in Roku in the 1st quarter worth $914,000. Keybank National Association OH bought a new stake in Roku during the first quarter valued at about $365,000. Root Financial Partners LLC raised its holdings in Roku by 255.8% during the first quarter. Root Financial Partners LLC now owns 708 shares of the company’s stock valued at $67,000 after acquiring an additional 509 shares during the period. Bayban lifted its position in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after acquiring an additional 260 shares in the last quarter. Finally, 3Chopt Investment Partners LLC lifted its position in shares of Roku by 5.0% in the first quarter. 3Chopt Investment Partners LLC now owns 3,780 shares of the company’s stock valued at $358,000 after acquiring an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ROKU. Seaport Research Partners set a $155.00 target price on Roku in a research report on Tuesday, June 16th. UBS Group set a $160.00 price target on Roku in a report on Monday, June 15th. Jefferies Financial Group downgraded Roku from a “buy” rating to a “hold” rating and set a $160.00 price target for the company. in a research note on Monday, June 15th. Wells Fargo & Company increased their price objective on shares of Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Fox Advisors set a $160.00 price objective on shares of Roku in a research report on Tuesday, June 16th. Eleven analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $153.71.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 205,821 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the completion of the transaction, the insider owned 11,131 shares in the company, valued at $1,168,755. This trade represents a 94.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of Roku stock in a transaction on Friday, June 12th. The stock was sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the completion of the transaction, the insider directly owned 19,185 shares of the company’s stock, valued at $2,762,640. The trade was a 34.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 713,020 shares of company stock valued at $81,860,846. 13.45% of the stock is owned by corporate insiders.

Roku Stock Performance

NASDAQ:ROKU opened at $142.43 on Monday. The company has a market capitalization of $21.00 billion, a P/E ratio of 107.09 and a beta of 2.01. Roku, Inc. has a 12 month low of $78.53 and a 12 month high of $148.88. The business’s 50-day moving average is $128.23 and its 200 day moving average is $110.32.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) EPS. On average, research analysts forecast that Roku, Inc. will post 2.41 earnings per share for the current year.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is benefiting from a reported $22 billion all-stock takeover agreement with Fox, which could imply a substantial strategic valuation for the company and highlights the importance of Roku’s streaming platform and advertising assets.
• Positive Sentiment: Roku announced a new show focused on the greatest American female athletes, a sign it continues to expand content offerings and attract more viewing engagement. Article Title
• Neutral Sentiment: Roku remains one of the more closely watched stocks on market news and screening sites, keeping attention high as investors assess the Fox deal and the company’s next move. Article Title
• Neutral Sentiment: Analysts currently have a consensus “Hold” rating on Roku, suggesting Wall Street sees meaningful upside potential but is still cautious on valuation and execution. Article Title
• Neutral Sentiment: Roku settled a Florida child-data case and pledged a privacy overhaul, which removes a legal overhang but also signals additional operational and compliance work ahead. Article Title
• Negative Sentiment: Recent insider selling by a Roku CAO and director may weigh on sentiment, even though the transactions were disclosed as part of pre-arranged 10b5-1 plans. Article Title
• Negative Sentiment: A shareholder law firm has launched an investigation into whether Roku is getting a fair price in the Fox transaction, which could add uncertainty and legal noise around the deal. Article Title

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.