Police & Firemen s Retirement System of New Jersey Has $4.28 Million Position in Roku, Inc. $ROKU

Police & Firemen s Retirement System of New Jersey boosted its position in Roku, Inc. (NASDAQ:ROKU) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,714 shares of the company’s stock after purchasing an additional 2,960 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Roku were worth $4,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROKU. Banque Transatlantique SA bought a new position in Roku during the 1st quarter worth $28,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Roku in the first quarter valued at about $30,000. JFS Wealth Advisors LLC grew its stake in shares of Roku by 327.1% in the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock valued at $40,000 after acquiring an additional 350 shares in the last quarter. Bogart Wealth LLC increased its position in Roku by 234.1% during the second quarter. Bogart Wealth LLC now owns 461 shares of the company’s stock worth $41,000 after acquiring an additional 323 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in Roku during the first quarter worth about $44,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROKU has been the subject of a number of recent research reports. Evercore ISI reissued a “positive” rating on shares of Roku in a report on Friday, October 31st. Zacks Research upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Piper Sandler raised Roku from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $88.00 to $135.00 in a research report on Monday, November 3rd. JPMorgan Chase & Co. raised their price objective on Roku from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Roku in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.18.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $95.82, for a total transaction of $287,460.00. Following the completion of the transaction, the chief financial officer owned 80,420 shares of the company’s stock, valued at approximately $7,705,844.40. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Neil D. Hunt sold 2,000 shares of the stock in a transaction dated Wednesday, November 5th. The stock was 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 $829,639.02. This trade represents a 20.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 507,463 shares of company stock valued at $53,126,637 in the last quarter. Corporate insiders own 13.98% of the company’s stock.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $99.77 on Friday. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $116.66. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of -498.83 and a beta of 2.18. The company’s 50 day simple moving average is $99.66 and its 200 day simple moving average is $88.43.

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

Roku 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.