Farther Finance Advisors LLC Boosts Position in Roku, Inc. $ROKU

Farther Finance Advisors LLC grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 227.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,855 shares of the company’s stock after buying an additional 1,288 shares during the period. Farther Finance Advisors LLC’s holdings in Roku were worth $163,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Berkshire Capital Holdings Inc. increased its stake in shares of 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 buying an additional 141,340 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Roku during the first quarter valued at approximately $6,026,000. Atika Capital Management LLC purchased a new position in shares of Roku during the first quarter valued at approximately $5,086,000. Lecap Asset Management Ltd. purchased a new position in shares of Roku during the first quarter valued at approximately $511,000. Finally, Blair William & Co. IL increased its stake in shares of Roku by 14.7% during the first quarter. Blair William & Co. IL now owns 45,727 shares of the company’s stock valued at $3,221,000 after buying an additional 5,869 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim boosted their target price on Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price target on Roku from $100.00 to $113.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Citigroup lifted their price target on Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Susquehanna lifted their price target on Roku from $85.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Finally, Wedbush restated an “outperform” rating and set a $100.00 price target on shares of Roku in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.33.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 3,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $94.52, for a total value of $283,560.00. Following the completion of the transaction, the chief financial officer owned 83,420 shares of the company’s stock, valued at $7,884,858.40. This represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $100.00, for a total value of $2,500,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 529,986 shares of company stock valued at $51,523,263. 13.98% of the stock is currently owned by corporate insiders.

Roku Trading Up 0.3%

Roku stock opened at $103.84 on Friday. The business’s fifty day simple moving average is $93.71 and its two-hundred day simple moving average is $80.72. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $105.45. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of -247.24, a price-to-earnings-growth ratio of 14.50 and a beta of 2.13.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted ($0.18) earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict 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.