Fluent Financial LLC Reduces Stock Position in Roku, Inc. $ROKU

Fluent Financial LLC decreased its position in Roku, Inc. (NASDAQ:ROKU) by 52.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,369 shares of the company’s stock after selling 9,358 shares during the quarter. Fluent Financial LLC’s holdings in Roku were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of ROKU. Wealth Enhancement Advisory Services LLC raised its holdings in Roku by 19.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock valued at $463,000 after acquiring an additional 1,024 shares during the last quarter. GAMMA Investing LLC grew its position in Roku by 14,242.3% during the first quarter. GAMMA Investing LLC now owns 67,552 shares of the company’s stock valued at $4,758,000 after acquiring an additional 67,081 shares during the period. Pallas Capital Advisors LLC purchased a new position in shares of Roku in the 1st quarter worth about $241,000. SG Americas Securities LLC lifted its stake in shares of Roku by 2,537.7% in the 1st quarter. SG Americas Securities LLC now owns 91,845 shares of the company’s stock valued at $6,470,000 after purchasing an additional 88,363 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Roku during the 1st quarter worth about $2,292,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $82.42, for a total value of $2,060,500.00. Following the sale, the chief executive officer owned 16,441 shares of the company’s stock, valued at approximately $1,355,067.22. This trade represents a 60.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mustafa Ozgen sold 50,527 shares of the business’s stock in a transaction that occurred 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 518,890 shares of company stock valued at $50,737,151 over the last quarter. Insiders own 13.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ROKU shares. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of Roku in a research note on Wednesday, October 1st. Wall Street Zen upgraded Roku from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Citigroup increased their target price on Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Pivotal Research boosted their price target on Roku from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Guggenheim raised their price target on shares of Roku from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.33.

Roku Trading Down 1.9%

ROKU stock opened at $99.93 on Thursday. The stock’s 50 day simple moving average is $94.60 and its 200 day simple moving average is $81.54. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $107.25. The firm has a market cap of $14.72 billion, a P/E ratio of -237.93, a P/E/G ratio of 14.25 and a beta of 2.13.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. 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 EPS for the current fiscal 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.