O Keefe Stevens Advisory Inc. Purchases 1,155 Shares of Roku, Inc. $ROKU

O Keefe Stevens Advisory Inc. grew its position in shares of Roku, Inc. (NASDAQ:ROKU) by 23.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,120 shares of the company’s stock after acquiring an additional 1,155 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in Roku were worth $538,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROKU. Acadian Asset Management LLC raised its holdings in Roku by 456.7% during the 1st 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 stake in Roku during the 1st quarter valued at $34,769,000. Northwestern Mutual Wealth Management Co. raised its holdings in 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 buying an additional 488,083 shares during the period. AQR Capital Management LLC raised its holdings in 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 buying an additional 467,005 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in Roku during the 1st quarter valued at $32,821,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Price Performance

Shares of ROKU stock opened at $103.85 on Friday. Roku, Inc. has a 1-year low of $52.43 and a 1-year high of $105.45. The stock’s 50-day moving average is $93.99 and its 200 day moving average is $81.03. The company has a market cap of $15.30 billion, a P/E ratio of -247.26, a PEG ratio of 14.54 and a beta of 2.13.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating 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 the consensus estimate of $1.07 billion. During the same quarter last year, the company 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, analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ROKU. Wall Street Zen upgraded Roku from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Citigroup increased their price target on Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Rosenblatt Securities increased their target price on Roku from $75.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Piper Sandler increased their target price on Roku from $65.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Roku in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $101.33.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $100.00, for a total value of $2,500,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the chief accounting officer directly owned 5,355 shares of the company’s stock, valued at approximately $523,986.75. This represents a 28.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 529,986 shares of company stock valued at $51,523,263. 13.98% of the stock is currently owned by corporate insiders.

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.