Goldstein Advisors LLC Acquires New Shares in Roku, Inc. $ROKU

Goldstein Advisors LLC acquired a new stake in Roku, Inc. (NASDAQ:ROKU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,721 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ROKU. GAMMA Investing LLC raised its holdings in shares of Roku by 103.6% in the first quarter. GAMMA Investing LLC now owns 959 shares of the company’s stock valued at $68,000 after acquiring an additional 488 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Roku by 72.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,747 shares of the company’s stock worth $757,000 after purchasing an additional 4,522 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Roku by 14.3% in the first quarter. QRG Capital Management Inc. now owns 3,569 shares of the company’s stock worth $251,000 after purchasing an additional 447 shares in the last quarter. Garde Capital Inc. bought a new position in Roku in the first quarter worth about $25,000. Finally, First PREMIER Bank bought a new position in Roku in the first quarter worth about $35,000. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ROKU has been the subject of a number of recent research reports. Pivotal Research boosted their target price on shares of Roku from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Piper Sandler boosted their target price on shares of Roku from $65.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, July 10th. KeyCorp boosted their target price on shares of Roku from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wedbush reiterated an “outperform” rating and issued a $100.00 target price on shares of Roku in a report on Monday, July 28th. Finally, Citigroup boosted their target price on shares of Roku from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $101.33.

Insider Buying and Selling at Roku

In other news, CAO Matthew C. Banks sold 2,180 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total transaction of $213,313.00. Following the sale, the chief accounting officer owned 5,355 shares in the company, valued at approximately $523,986.75. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dan Jedda sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $95.82, for a total value of $287,460.00. Following the completion of the sale, the chief financial officer owned 80,420 shares in the company, valued at approximately $7,705,844.40. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 540,890 shares of company stock valued at $52,833,661. Insiders own 13.98% of the company’s stock.

Roku Stock Performance

Shares of ROKU stock opened at $94.21 on Friday. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $107.25. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of -224.31, a PEG ratio of 11.11 and a beta of 2.13. The stock’s 50-day simple moving average is $96.01 and its 200-day simple moving average is $82.55.

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

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.