Roku (NASDAQ:ROKU) Lifted to “Buy” at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Roku (NASDAQ:ROKU) from a neutral rating to a buy rating in a research report released on Monday, Zacks.com reports. Seaport Res Ptn also issued estimates for Roku’s Q2 2025 earnings at ($0.36) EPS.

ROKU has been the topic of several other research reports. Stephens reissued an overweight rating and issued a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Morgan Stanley lowered their target price on shares of Roku from $65.00 to $60.00 and set an underweight rating on the stock in a report on Friday, April 5th. Piper Sandler reaffirmed a neutral rating and issued a $65.00 price target (down from $81.00) on shares of Roku in a report on Friday. Pivotal Research decreased their price objective on Roku from $85.00 to $75.00 and set a hold rating on the stock in a research note on Friday, February 16th. Finally, Needham & Company LLC restated a buy rating and issued a $100.00 target price on shares of Roku in a research note on Friday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $84.47.

Roku Trading Up 4.1 %

NASDAQ:ROKU opened at $58.66 on Monday. Roku has a 12 month low of $51.62 and a 12 month high of $108.84. The firm’s 50 day moving average is $62.53 and its 200 day moving average is $78.50. The stock has a market capitalization of $8.42 billion, a PE ratio of -14.70 and a beta of 1.66.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same period in the previous year, the company posted ($1.38) earnings per share. The business’s revenue was up 19.0% on a year-over-year basis. Research analysts predict that Roku will post -2.12 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jeffrey M. Blackburn purchased 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of $63.96 per share, with a total value of $511,680.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at $511,680. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jeffrey M. Blackburn acquired 8,000 shares of Roku stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average cost of $63.96 per share, with a total value of $511,680.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $511,680. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,545 shares of company stock valued at $4,364,035. Corporate insiders own 13.63% of the company’s stock.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. grew its holdings in shares of Roku by 3.3% in the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock worth $247,000 after purchasing an additional 113 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Roku by 0.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after acquiring an additional 117 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Roku by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock valued at $4,415,000 after purchasing an additional 150 shares in the last quarter. Spire Wealth Management grew its stake in Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Roku by 0.5% during the 3rd quarter. Arizona State Retirement System now owns 33,655 shares of the company’s stock valued at $2,376,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.