Harbour Investments Inc. Sells 177 Shares of Roku, Inc. $ROKU

Harbour Investments Inc. cut its holdings in Roku, Inc. (NASDAQ:ROKU) by 5.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,981 shares of the company’s stock after selling 177 shares during the period. Harbour Investments Inc.’s holdings in Roku were worth $262,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Bayforest Capital Ltd increased its holdings in shares of Roku by 13.4% in the 2nd quarter. Bayforest Capital Ltd now owns 6,411 shares of the company’s stock worth $563,000 after buying an additional 756 shares during the last quarter. CWM LLC increased its holdings in shares of Roku by 41.7% in the 2nd quarter. CWM LLC now owns 18,860 shares of the company’s stock worth $1,658,000 after buying an additional 5,551 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Roku by 21.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,070 shares of the company’s stock worth $1,325,000 after buying an additional 2,643 shares during the last quarter. Aberdeen Group plc increased its holdings in shares of Roku by 76.1% in the 2nd quarter. Aberdeen Group plc now owns 5,803 shares of the company’s stock worth $510,000 after buying an additional 2,508 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Roku by 327.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock worth $40,000 after buying an additional 350 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Roku news, insider Mustafa Ozgen sold 50,527 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total value of $5,052,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $94.01, for a total transaction of $2,350,250.00. The disclosure for this sale can be found here. Insiders sold 328,331 shares of company stock worth $32,640,556 over the last 90 days. Corporate insiders own 13.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ROKU. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research report on Monday, July 28th. Citigroup raised their price objective on shares of Roku from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. JMP Securities reissued a “market outperform” rating and issued a $145.00 price objective on shares of Roku in a research note on Thursday, October 2nd. Guggenheim raised their price objective on shares of Roku from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Roku from a “hold” rating to a “buy” rating in a research note on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Roku Price Performance

Roku stock opened at $97.49 on Wednesday. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of -232.12, a price-to-earnings-growth ratio of 11.35 and a beta of 2.13. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $107.25. The firm has a 50-day moving average of $96.56 and a two-hundred day moving average of $83.09.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.23. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current 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.