Roku, Inc. $ROKU Shares Purchased by Odyssean LLC

Odyssean LLC increased its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 51.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,186 shares of the company’s stock after buying an additional 5,143 shares during the quarter. Odyssean LLC’s holdings in Roku were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on ROKU. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a research report on Monday, June 15th. Zacks Research raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Robert W. Baird reiterated a “neutral” rating and set a $160.00 price objective on shares of Roku in a research note on Monday, June 15th. Susquehanna lowered shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Roku in a report on Monday. They set a “neutral” rating and a $160.00 price objective on the stock. One 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’s stock. Based on data from MarketBeat, Roku currently has a consensus rating of “Hold” and an average target price of $156.17.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is expanding its free, ad-supported content library, adding more live television, movies and local news at no cost to users. A larger content offering could increase viewing hours, engagement and advertising inventory, although content discoverability is becoming more difficult. Roku keeps adding free channels, and finding anything is getting harder
• Positive Sentiment: The appointment of Gianluca Pucacco as vice president of revenue operations for international growth signals a focus on improving monetization and expanding Roku’s business outside the United States. Roku Names Gianluca Pucacco VP, Revenue Operations, International Growth
• Positive Sentiment: Roku’s platform is also reaching consumers through third-party hardware, including a low-cost Vankyo projector with built-in Roku functionality. This supports ecosystem distribution, though the product review is unlikely to materially affect near-term financial results. Vankyo Performance H500R review
• Neutral Sentiment: JPMorgan initiated coverage with a Neutral rating and a $160 price target, implying very limited upside at recent trading levels. The coverage adds institutional visibility but suggests the bank views Roku as fairly valued after its rally. JPMorgan’s Top Consumer Tech Picks
• Neutral Sentiment: The reported August short-interest figure was zero shares, with a zero-day days-to-cover ratio; the data also shows an invalid percentage change, making it unreliable and offering no meaningful short-squeeze signal.
• Positive Sentiment: A market commentary piece lists ROKU among Nasdaq stocks benefiting from product expansion and streaming growth, reinforcing the broader bullish narrative but providing no new company-specific financial information. 3 Non-Tech Thriving Nasdaq Stocks

Roku Stock Up 1.0%

Shares of NASDAQ ROKU opened at $159.76 on Wednesday. The business’s 50 day moving average price is $145.23 and its 200 day moving average price is $121.04. The firm has a market cap of $23.71 billion, a P/E ratio of 68.27 and a beta of 2.01. Roku, Inc. has a 52 week low of $78.53 and a 52 week high of $159.89.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 earnings per share (EPS) 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 company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm posted $0.07 EPS. Roku’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, research analysts expect that Roku, Inc. will post 2.82 earnings per share for the current year.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 7,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $157.11, for a total transaction of $1,099,770.00. Following the completion of the transaction, the chief financial officer owned 65,963 shares of the company’s stock, valued at $10,363,446.93. This trade represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 20,538 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $145.93, for a total transaction of $2,997,110.34. Following the transaction, the insider directly owned 15,200 shares of the company’s stock, valued at approximately $2,218,136. This trade represents a 57.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 162,452 shares of company stock valued at $22,052,982. 13.45% of the stock is owned by corporate insiders.

Roku Company 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.