Roku, Inc. (NASDAQ:ROKU) Short Interest Update

Roku, Inc. (NASDAQ:ROKU) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,959,833 shares, a decline of 44.8% from the June 15th total of 10,788,467 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily volume of 9,651,229 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

Several brokerages recently weighed in on ROKU. Rosenblatt Securities raised their target price on shares of Roku from $150.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Jefferies Financial Group downgraded shares of Roku from a “buy” rating to a “hold” rating and set a $160.00 price objective on the stock. in a research report on Monday, June 15th. KeyCorp lowered shares of Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Wedbush cut Roku from an “outperform” rating to a “neutral” rating and set a $155.00 target price for the company. in a research note on Tuesday, June 16th. Finally, Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, Roku presently has a consensus rating of “Hold” and a consensus target price of $153.71.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 7,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $143.87, for a total transaction of $1,007,090.00. Following the transaction, the chief financial officer owned 79,963 shares of the company’s stock, valued at approximately $11,504,276.81. This represents a 8.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Neil D. Hunt sold 2,000 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $140.65, for a total transaction of $281,300.00. Following the sale, the director directly owned 9,629 shares in the company, valued at $1,354,318.85. This represents a 17.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 442,306 shares of company stock worth $54,250,768. 13.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roku

A number of hedge funds have recently added to or reduced their stakes in ROKU. AQR Capital Management LLC boosted its stake in shares of Roku by 10.6% in the fourth quarter. AQR Capital Management LLC now owns 2,860,149 shares of the company’s stock valued at $310,298,000 after buying an additional 274,024 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Roku by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company’s stock worth $267,389,000 after acquiring an additional 168,214 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Roku by 229.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company’s stock worth $192,868,000 after acquiring an additional 1,419,772 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Roku by 22.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,565,100 shares of the company’s stock worth $148,090,000 after acquiring an additional 290,200 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Roku by 0.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,509,686 shares of the company’s stock valued at $163,786,000 after purchasing an additional 12,705 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Key Stories Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku-branded TVs are being featured in multiple steep discount promotions, including Hisense and Best Buy models, which may indicate healthy retail demand and broader consumer reach for the Roku ecosystem.
• Positive Sentiment: Roku is expanding its “Roku City” marketing campaign with new films and an interactive platform experience, suggesting the company is investing in brand engagement and advertising momentum. Article Title
• Positive Sentiment: CNET reported on live-action short films and an interactive tour tied to Roku City, adding more visibility to Roku’s ad-supported platform and reinforcing its consumer brand. Article Title
• Neutral Sentiment: Several “most searched” and momentum-style articles from Zacks suggest investors are paying closer attention to Roku, but these are more sentiment indicators than direct business catalysts.
• Neutral Sentiment: A Pocket-lint article about pairing Roku with an iPad is a product-use story that may support engagement, but it is unlikely to materially change fundamentals on its own.

Roku Price Performance

Shares of NASDAQ:ROKU traded up $0.50 on Thursday, reaching $143.82. The company’s stock had a trading volume of 2,521,374 shares, compared to its average volume of 3,820,844. Roku has a 52-week low of $78.53 and a 52-week high of $148.88. The stock has a market capitalization of $21.20 billion, a P/E ratio of 108.14 and a beta of 2.01. The stock’s 50-day moving average is $132.08 and its two-hundred day moving average is $112.09.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business’s revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) earnings per share. Equities analysts forecast that Roku will post 2.41 earnings per share for the current fiscal year.

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.