Interchange Capital Partners LLC Has $588,000 Position in Roku, Inc. $ROKU

Interchange Capital Partners LLC cut its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 15.9% during the second quarter, Holdings Channel reports. The fund owned 6,685 shares of the company’s stock after selling 1,264 shares during the quarter. Interchange Capital Partners LLC’s holdings in Roku were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Roku by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company’s stock worth $880,753,000 after acquiring an additional 254,504 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Roku by 456.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock worth $134,222,000 after acquiring an additional 1,563,449 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Roku by 21.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company’s stock valued at $111,372,000 after buying an additional 284,323 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Roku by 3.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company’s stock worth $72,436,000 after buying an additional 37,465 shares during the period. Finally, Northern Trust Corp increased its position in Roku by 6.0% during the 1st quarter. Northern Trust Corp now owns 755,762 shares of the company’s stock worth $53,236,000 after buying an additional 42,926 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Matthew C. Banks sold 2,180 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total value of $213,313.00. Following the sale, the chief accounting officer directly owned 5,355 shares of the company’s stock, valued at $523,986.75. This trade represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles Collier sold 15,404 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $103.31, for a total value of $1,591,387.24. Following the completion of the sale, the insider directly owned 200 shares in the company, valued at $20,662. This trade represents a 98.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 328,331 shares of company stock valued at $32,640,556 over the last ninety days. 13.98% of the stock is owned by insiders.

Analyst Ratings Changes

ROKU has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roku in a research report on Saturday. Bank of America increased their price objective on Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. KeyCorp increased their price objective on Roku from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. UBS Group increased their price objective on Roku from $72.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Finally, JMP Securities reiterated a “market outperform” rating and set a $145.00 price objective on shares of Roku in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.33.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $96.29 on Friday. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $107.25. The stock has a market capitalization of $14.19 billion, a P/E ratio of -229.26, a PEG ratio of 11.35 and a beta of 2.13. The stock’s fifty day moving average is $97.05 and its 200 day moving average is $83.95.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned ($0.18) earnings per share. Roku’s revenue was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share 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.