Rhumbline Advisers Has $10.65 Million Stock Holdings in Roku, Inc. $ROKU

Rhumbline Advisers trimmed its position in Roku, Inc. (NASDAQ:ROKU - Free Report) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,192 shares of the company's stock after selling 19,396 shares during the quarter. Rhumbline Advisers owned approximately 0.08% of Roku worth $10,652,000 as of its most recent SEC filing.

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Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC bought a new position in shares of Roku in the 1st quarter valued at about $30,000. Banque Transatlantique SA acquired a new position in Roku in the first quarter valued at approximately $28,000. JFS Wealth Advisors LLC boosted its stake in Roku by 327.1% in the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company's stock valued at $40,000 after acquiring an additional 350 shares during the last quarter. Bogart Wealth LLC grew its holdings in Roku by 234.1% during the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company's stock worth $41,000 after acquiring an additional 323 shares during the period. Finally, True Wealth Design LLC raised its position in shares of Roku by 859.7% during the 2nd quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $52,000 after acquiring an additional 533 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Roku Stock Performance

Shares of ROKU opened at $96.74 on Monday. The firm has a market cap of $14.29 billion, a P/E ratio of -483.68 and a beta of 1.98. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66. The firm's 50 day moving average price is $99.11 and its two-hundred day moving average price is $90.70.

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Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.09. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the business posted ($0.06) earnings per share. Roku has set its Q4 2025 guidance at EPS. On average, sell-side 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 research reports. Piper Sandler upgraded Roku from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $88.00 to $135.00 in a research report on Monday, November 3rd. Needham & Company LLC restated a "buy" rating and set a $110.00 target price on shares of Roku in a report on Wednesday, October 1st. Wedbush restated an "outperform" rating and set a $110.00 target price on shares of Roku in a research report on Monday, October 27th. Susquehanna reiterated a "positive" rating and issued a $130.00 price target on shares of Roku in a research report on Friday, October 31st. Finally, Pivotal Research lifted their price objective on shares of Roku from $120.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $111.14.

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Get Our Latest Stock Report on Roku

Insider Transactions at Roku

In other Roku news, CAO Matthew C. Banks sold 719 shares of the business's stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $95.09, for a total value of $68,369.71. Following the sale, the chief accounting officer owned 7,285 shares in the company, valued at approximately $692,730.65. The trade was a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $99.09, for a total value of $297,270.00. Following the transaction, the chief financial officer directly owned 77,420 shares of the company's stock, valued at approximately $7,671,547.80. This trade represents a 3.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 515,274 shares of company stock worth $53,880,874. 13.98% of the stock is currently owned by company insiders.

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.

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