Clay Northam Wealth Management LLC Cuts Stock Position in Roku, Inc. $ROKU

Clay Northam Wealth Management LLC lowered its holdings in Roku, Inc. (NASDAQ:ROKU) by 2.4% during the 2nd quarter, Holdings Channel reports. The firm owned 4,939 shares of the company’s stock after selling 121 shares during the period. Clay Northam Wealth Management LLC’s holdings in Roku were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Garde Capital Inc. purchased a new position in Roku in the first quarter worth $25,000. Banque Transatlantique SA purchased a new position in shares of Roku during the 1st quarter valued at $28,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Roku during the 1st quarter valued at $30,000. Golden State Wealth Management LLC lifted its position in shares of Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock valued at $31,000 after buying an additional 247 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Roku during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

Shares of ROKU opened at $99.60 on Friday. The stock’s 50-day simple moving average is $92.79 and its 200 day simple moving average is $79.87. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of -237.14, a price-to-earnings-growth ratio of 13.94 and a beta of 2.05. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $104.96.

Roku (NASDAQ:ROKU) last announced its 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. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ROKU has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Citigroup upped 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. KeyCorp upped their price target on Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Bank of America upped their price target on Roku from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Finally, Wall Street Zen raised Roku from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Insiders Place Their Bets

In other Roku news, insider Mustafa Ozgen sold 50,527 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total value of $5,052,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $89.64, for a total value of $2,241,000.00. Following the completion of the transaction, the chief executive officer owned 11,953 shares in the company, valued at $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 valued at $39,662,358 over the last 90 days. 13.98% of the stock is owned by insiders.

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.