Allworth Financial LP Acquires 1,414 Shares of Roku, Inc. $ROKU

Allworth Financial LP boosted its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 196.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,134 shares of the company’s stock after acquiring an additional 1,414 shares during the period. Allworth Financial LP’s holdings in Roku were worth $188,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Transatlantique SA bought a new stake in shares of Roku in the 1st quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC bought a new position in Roku in the 1st quarter valued at $30,000. JFS Wealth Advisors LLC increased its stake in Roku by 327.1% in the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock worth $40,000 after purchasing an additional 350 shares during the period. Bogart Wealth LLC lifted its holdings in Roku by 234.1% during the 2nd quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock valued at $41,000 after buying an additional 323 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Roku in the first quarter worth approximately $44,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Stock Performance

Shares of ROKU stock opened at $95.27 on Wednesday. The stock’s fifty day moving average is $99.57 and its two-hundred day moving average is $89.02. The firm has a market capitalization of $14.08 billion, a P/E ratio of -476.33 and a beta of 2.18. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $116.66.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. The business had revenue of $1.21 billion during 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 company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Roku has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ROKU shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. lifted their target price on Roku from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Guggenheim boosted their price target on Roku from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $130.00 price objective on shares of Roku in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.14.

Insider Buying and Selling at Roku

In other news, Director Neil D. Hunt sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $106.61, for a total transaction of $213,220.00. Following the transaction, the director directly owned 7,782 shares in the company, valued at $829,639.02. The trade was a 20.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $103.86, for a total value of $5,193,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 507,463 shares of company stock worth $53,126,637 in the last 90 days. 13.98% of the stock is currently owned by insiders.

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.