Roku, Inc. $ROKU Shares Sold by IFP Advisors Inc

IFP Advisors Inc reduced its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 24.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,813 shares of the company’s stock after selling 573 shares during the quarter. IFP Advisors Inc’s holdings in Roku were worth $159,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Garde Capital Inc. acquired a new stake in shares of Roku in the 1st quarter valued at about $25,000. Banque Transatlantique SA acquired a new stake in shares of Roku in the 1st quarter valued at about $28,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Roku in the 1st quarter valued at about $30,000. Golden State Wealth Management LLC boosted its position in shares of Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock valued at $31,000 after purchasing an additional 247 shares during the period. Finally, First PREMIER Bank acquired a new stake in shares of Roku in the 1st quarter valued at about $35,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roku

In related news, insider Charles Collier sold 212,559 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $20,193,105.00. Following the completion of the transaction, the insider directly owned 200 shares of the company’s stock, valued at $19,000. This trade represents a 99.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 45,712 shares of the company’s stock, valued at $4,571,200. The trade was a 35.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 540,890 shares of company stock valued at $52,833,661. Corporate insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

ROKU has been the subject of a number of research analyst reports. UBS Group upped their target price on Roku from $72.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research report on Wednesday, October 8th. KeyCorp upped their target price on Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Pivotal Research upped their price objective on Roku from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Guggenheim upped their price objective on Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.33.

Roku Trading Down 1.2%

Shares of ROKU stock opened at $94.21 on Friday. The company has a market cap of $13.88 billion, a price-to-earnings ratio of -224.31, a price-to-earnings-growth ratio of 11.24 and a beta of 2.13. The stock has a 50 day simple moving average of $96.01 and a 200-day simple moving average of $82.47. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $107.25.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.23. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Roku Company 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.