Maven Securities LTD Takes Position in Roku, Inc. $ROKU

Maven Securities LTD bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 36,998 shares of the company’s stock, valued at approximately $5,111,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bayban increased its position in Roku by 1,300.0% during the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Roku during the 4th quarter valued at about $31,000. Rakuten Securities Inc. boosted its stake in shares of Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of Roku by 208.7% during the second quarter. Elevation Wealth Partners LLC now owns 318 shares of the company’s stock valued at $44,000 after buying an additional 215 shares during the period. Finally, Osbon Capital Management LLC purchased a new position in shares of Roku during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of NASDAQ ROKU opened at $155.34 on Wednesday. Roku, Inc. has a 1 year low of $78.53 and a 1 year high of $159.89. The stock has a market cap of $23.06 billion, a P/E ratio of 66.38 and a beta of 2.05. The firm has a 50-day moving average of $149.29 and a 200 day moving average of $125.88.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.47. Roku had a net margin of 6.82% and a return on equity of 13.73%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The business’s revenue was up 21.9% compared to the same quarter last year. Research analysts expect that Roku, Inc. will post 2.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings upgraded shares of Roku from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Susquehanna downgraded Roku from a “positive” rating to a “neutral” rating and set a $160.00 target price on the stock. in a report on Tuesday, June 16th. Evercore lowered Roku from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Jefferies Financial Group lowered Roku from a “buy” rating to a “hold” rating and set a $160.00 target price for the company. in a research report on Monday, June 15th. Finally, Piper Sandler cut Roku from an “overweight” rating to a “neutral” rating and raised their target price for the company from $148.00 to $160.00 in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat.com, Roku presently has an average rating of “Hold” and an average price target of $156.17.

Insider Transactions at Roku

In other news, insider Charles Collier sold 7,067 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $1,108,529.62. Following the sale, the insider directly owned 22,700 shares of the company’s stock, valued at approximately $3,560,722. This represents a 23.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Gilbert Fuchsberg sold 4,824 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $155.64, for a total value of $750,807.36. Following the transaction, the insider owned 40,168 shares of the company’s stock, valued at $6,251,747.52. The trade was a 10.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 127,773 shares of company stock worth $18,442,050. Company insiders own 13.45% of the company’s stock.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Coverage of Roku’s NFL-related announcement could support user engagement and streaming activity, although the financial impact was not quantified. Roku NFL announcement
• Neutral Sentiment: Consumer coverage highlighted discounts and product availability for Roku streaming sticks, smart TVs, and Roku-enabled projectors. These promotions may aid device adoption but are unlikely to materially change near-term revenue expectations. Roku Streaming Stick deal Roku smart TV coverage
• Neutral Sentiment: Roku’s products continued to receive favorable comparisons with competing streaming devices, but the reviews and buying guides do not represent a new corporate catalyst. Roku device comparison
• Negative Sentiment: The DOJ’s expanded antitrust inquiry into Fox’s proposed acquisition is the dominant stock catalyst. A second request increases regulatory scrutiny and could delay completion, raise transaction costs, require concessions, or threaten the deal’s terms. Reports specifically linked the development to weakness in ROKU shares during after-hours trading. Reuters DOJ Roku deal report ROKU after-hours reaction

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.