Beacon Investment Advisory Services Inc. Sells 220 Shares of Roku, Inc. $ROKU

Beacon Investment Advisory Services Inc. lessened its holdings in Roku, Inc. (NASDAQ:ROKU) by 5.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,113 shares of the company’s stock after selling 220 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Roku were worth $361,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Susquehanna boosted their target price on shares of Roku from $85.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, August 1st. KeyCorp lifted their price target on shares of Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wall Street Zen raised shares of Roku from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Pivotal Research raised their price objective on Roku from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, JMP Securities lifted their target price on Roku from $110.00 to $145.00 and gave the stock a “market outperform” rating in a report on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $101.33.

Roku Trading Down 0.2%

Shares of NASDAQ ROKU opened at $98.01 on Friday. The firm’s 50-day moving average price is $92.66 and its 200-day moving average price is $79.61. The stock has a market capitalization of $14.44 billion, a price-to-earnings ratio of -233.36, a P/E/G ratio of 13.75 and a beta of 2.05. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly 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 company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted ($0.18) earnings per share. The firm’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. On average, equities analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 3,360 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $85.05, for a total transaction of $285,768.00. Following the transaction, the chief accounting officer owned 5,195 shares of the company’s stock, valued at approximately $441,834.75. The trade was a 39.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mustafa Ozgen sold 50,527 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total value of $5,052,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 417,025 shares of company stock worth $39,662,358 in the last 90 days. Company insiders own 13.98% of the company’s stock.

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.