Pallas Capital Advisors LLC Has $508,000 Stock Position in Roku, Inc. $ROKU

Pallas Capital Advisors LLC raised its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 69.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,781 shares of the company’s stock after purchasing an additional 2,363 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Roku were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Berkshire Capital Holdings Inc. boosted its holdings in Roku by 1,413,400.0% during the first quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company’s stock valued at $9,957,000 after purchasing an additional 141,340 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Roku during the 1st quarter worth $6,026,000. Atika Capital Management LLC acquired a new position in Roku during the 1st quarter worth $5,086,000. Lecap Asset Management Ltd. acquired a new position in shares of Roku in the 1st quarter valued at $511,000. Finally, Siemens Fonds Invest GmbH acquired a new position in shares of Roku in the 4th quarter valued at $1,681,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ROKU shares. Guggenheim increased their price target on Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 1st. UBS Group raised their price objective on Roku from $72.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price objective on Roku from $100.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Bank of America boosted their price objective on Roku from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Finally, Loop Capital upgraded Roku from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $100.00 in a report on Tuesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $101.33.

Insider Buying and Selling at Roku

In other news, insider Charles Collier sold 212,559 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.00, for a total value of $20,193,105.00. Following the transaction, the insider owned 200 shares in the company, valued at approximately $19,000. This represents a 99.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $89.64, for a total transaction of $2,241,000.00. Following the sale, the chief executive officer directly owned 11,953 shares of the company’s stock, valued at approximately $1,071,466.92. This represents a 67.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 417,025 shares of company stock worth $39,662,358 in the last 90 days. 13.98% of the stock is owned by company insiders.

Roku Price Performance

ROKU opened at $101.78 on Friday. The firm has a market capitalization of $15.00 billion, a PE ratio of -242.33, a P/E/G ratio of 14.25 and a beta of 2.05. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $104.96. The company’s 50-day moving average is $92.00 and its 200 day moving average is $79.00.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted ($0.18) EPS. The company’s revenue for the quarter 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, analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

About Roku

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.