Prospera Financial Services Inc Acquires Shares of 14,627 Roku, Inc. $ROKU

Prospera Financial Services Inc bought a new stake in shares of Roku, Inc. (NASDAQ:ROKU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,627 shares of the company’s stock, valued at approximately $1,285,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC grew its position in Roku by 456.7% during the first quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock valued at $134,222,000 after buying an additional 1,563,449 shares during the period. Duquesne Family Office LLC purchased a new position in Roku in the first quarter valued at about $34,769,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Roku by 38,431.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 489,353 shares of the company’s stock valued at $34,470,000 after acquiring an additional 488,083 shares during the period. AQR Capital Management LLC grew its position in shares of Roku by 491.5% during the 1st quarter. AQR Capital Management LLC now owns 562,027 shares of the company’s stock valued at $38,943,000 after acquiring an additional 467,005 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Roku during the 1st quarter worth approximately $32,821,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Roku news, insider Charles Collier sold 15,404 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $104.71, for a total value of $1,612,952.84. Following the sale, the insider directly owned 200 shares in the company, valued at $20,942. This represents a 98.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $106.61, for a total transaction of $213,220.00. Following the completion of the transaction, the director directly owned 7,782 shares of the company’s stock, valued at approximately $829,639.02. The trade was a 20.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 510,463 shares of company stock worth $53,393,847. Insiders own 13.98% of the company’s stock.

Wall Street Analyst Weigh In

ROKU has been the topic of several research analyst reports. Guggenheim upped their price objective on Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Evercore ISI restated a “positive” rating on shares of Roku in a research note on Friday, October 31st. Wall Street Zen raised Roku from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Piper Sandler raised Roku from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $88.00 to $135.00 in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Roku from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.18.

Roku Stock Down 0.8%

Shares of NASDAQ ROKU opened at $105.92 on Thursday. The company has a market cap of $15.65 billion, a P/E ratio of -529.57 and a beta of 2.18. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66. The business has a 50-day simple moving average of $99.51 and a two-hundred day simple moving average of $88.00.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the business posted ($0.06) earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. Roku has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

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.