Odyssean LLC Grows Position in Roku, Inc. $ROKU

Odyssean LLC grew its stake in Roku, Inc. (NASDAQ:ROKU) by 51.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,186 shares of the company’s stock after buying an additional 5,143 shares during the quarter. Odyssean LLC’s holdings in Roku were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of Roku by 18.6% in the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock valued at $232,000 after purchasing an additional 515 shares during the period. Focus Partners Wealth acquired a new stake in Roku during the first quarter valued at $229,000. EverSource Wealth Advisors LLC increased its holdings in Roku by 145.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $123,000 after buying an additional 826 shares in the last quarter. First Trust Advisors LP increased its holdings in Roku by 231.0% in the second quarter. First Trust Advisors LP now owns 70,786 shares of the company’s stock valued at $6,221,000 after buying an additional 49,399 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of Roku in the second quarter worth about $326,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Performance

NASDAQ:ROKU opened at $159.76 on Wednesday. The stock has a market capitalization of $23.71 billion, a PE ratio of 68.27 and a beta of 2.01. Roku, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $159.89. The company has a fifty day moving average of $145.23 and a two-hundred day moving average of $121.04.

Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, August 5th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.73%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. Research analysts forecast that Roku, Inc. will post 2.82 earnings per share for the current year.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $3,250,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mustafa Ozgen sold 10,194 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $144.00, for a total value of $1,467,936.00. Following the sale, the insider owned 19,185 shares of the company’s stock, valued at approximately $2,762,640. This trade represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 162,452 shares of company stock worth $22,052,982. Company insiders own 13.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ROKU. Citizens Jmp lowered shares of Roku from a “market outperform” rating to a “hold” rating in a research note on Tuesday, June 16th. Wolfe Research lowered Roku from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, June 16th. Zacks Research raised Roku from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Needham & Company LLC reaffirmed a “buy” rating on shares of Roku in a report on Friday, August 7th. Finally, Oppenheimer downgraded Roku from an “outperform” rating to a “market perform” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nineteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $156.17.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is expanding its free, ad-supported content library, adding more live television, movies and local news at no cost to users. A larger content offering could increase viewing hours, engagement and advertising inventory, although content discoverability is becoming more difficult. Roku keeps adding free channels, and finding anything is getting harder
• Positive Sentiment: The appointment of Gianluca Pucacco as vice president of revenue operations for international growth signals a focus on improving monetization and expanding Roku’s business outside the United States. Roku Names Gianluca Pucacco VP, Revenue Operations, International Growth
• Positive Sentiment: Roku’s platform is also reaching consumers through third-party hardware, including a low-cost Vankyo projector with built-in Roku functionality. This supports ecosystem distribution, though the product review is unlikely to materially affect near-term financial results. Vankyo Performance H500R review
• Neutral Sentiment: JPMorgan initiated coverage with a Neutral rating and a $160 price target, implying very limited upside at recent trading levels. The coverage adds institutional visibility but suggests the bank views Roku as fairly valued after its rally. JPMorgan’s Top Consumer Tech Picks
• Neutral Sentiment: The reported August short-interest figure was zero shares, with a zero-day days-to-cover ratio; the data also shows an invalid percentage change, making it unreliable and offering no meaningful short-squeeze signal.
• Positive Sentiment: A market commentary piece lists ROKU among Nasdaq stocks benefiting from product expansion and streaming growth, reinforcing the broader bullish narrative but providing no new company-specific financial information. 3 Non-Tech Thriving Nasdaq Stocks

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.