Assenagon Asset Management S.A. Buys 590,286 Shares of Roku, Inc. $ROKU

Assenagon Asset Management S.A. increased its stake in Roku, Inc. (NASDAQ:ROKU) by 172.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 931,653 shares of the company’s stock after acquiring an additional 590,286 shares during the period. Assenagon Asset Management S.A. owned about 0.63% of Roku worth $101,075,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of Roku by 18.6% in the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock worth $232,000 after purchasing an additional 515 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Roku during the first quarter worth approximately $229,000. PNC Financial Services Group Inc. lifted its holdings in shares of Roku by 23.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,893 shares of the company’s stock worth $342,000 after acquiring an additional 736 shares during the last quarter. Creative Planning lifted its holdings in shares of Roku by 5.1% in the 2nd quarter. Creative Planning now owns 17,967 shares of the company’s stock worth $1,579,000 after acquiring an additional 879 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Roku by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,675,816 shares of the company’s stock valued at $1,114,077,000 after purchasing an additional 172,221 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Up 4.9%

Shares of ROKU stock opened at $97.81 on Tuesday. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 171.60 and a beta of 1.98. The stock has a fifty day moving average of $96.14 and a 200 day moving average of $99.70. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.25. Roku had a net margin of 1.87% and a return on equity of 3.40%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned ($0.24) EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. Equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Activity at Roku

In other Roku news, CFO Dan Jedda sold 15,000 shares of Roku stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the sale, the chief financial officer directly owned 85,115 shares of the company’s stock, valued at approximately $8,020,386.45. The trade was a 14.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $109.61, for a total value of $8,220,750.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 213,124 shares of company stock valued at $21,433,878 over the last three months. Corporate insiders own 13.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ROKU. Oppenheimer increased their target price on shares of Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Zacks Research upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Rosenblatt Securities raised Roku from a “neutral” rating to a “buy” rating and raised their price objective for the company from $106.00 to $118.00 in a research note on Friday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of Roku in a report on Friday, February 13th. Finally, Bank of America boosted their target price on Roku from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.40.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Market relief: reports of de‑escalation in Middle East tensions lifted risk appetite and helped streaming/advertising growth names like Roku. Why Roku (ROKU) Stock Is Trading Up Today
• Positive Sentiment: Strategic ad-tech tie-up: Roku was named a launch partner for Google’s Confidential Publisher Match, which could improve addressable advertising and measurement on the Roku platform. Roku named launch partner for Google’s Confidential Publisher Match solution
• Positive Sentiment: Retail promotion & product demand: a steep discount on the Roku Streambar SE increases short‑term unit demand and can help attach rates for streaming platform users. Roku Streambar SE Hits Its Lowest Price
• Positive Sentiment: Bullish coverage: retail/investing outlets are spotlighting Roku as a strong tech/streaming trade given user simplicity and management’s forecast for rising free cash flow — a narrative that supports multiple‑year upside. Up 51% in 2 Years, Is This the Best Tech Stock to Buy Right Now?
• Positive Sentiment: User endorsement: consumer pieces praising switching to Roku reinforce brand strength and platform stickiness, which matters for ad monetization and device sales. I ditched my smart TV for a Roku for these 5 reasons
• Neutral Sentiment: Local marketing: giveaways (e.g., KTAL NOW’s Roku Express contest) boost awareness but have limited impact on proximal earnings. Win a Roku Express with KTAL NOW’s free 24/7 live stream!
• Negative Sentiment: Feature/customer experience issue: an easy method to watch free live TV on Roku TVs is reported broken, which could annoy users and depress engagement if not fixed quickly. This easy method to watch free live TV channels on Roku TVs is currently broken
• Negative Sentiment: Used-device warning: guidance advising against buying certain used Roku devices could reduce second‑hand market confidence and complicate device lifecycle perceptions. You should never, ever buy this kind of Roku
• Positive Sentiment: Duplicate coverage: multiple outlets reporting the same upside drivers (e.g., Yahoo and MSN writeups) amplify visibility and can attract momentum buyers. Why Roku (ROKU) stock is trading up today

Roku Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.