Bogart Wealth LLC Increases Stock Holdings in Roku, Inc. $ROKU

Bogart Wealth LLC boosted its position in shares of Roku, Inc. (NASDAQ:ROKU) by 234.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461 shares of the company’s stock after purchasing an additional 323 shares during the period. Bogart Wealth LLC’s holdings in Roku were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ROKU. West Tower Group LLC grew its stake in shares of Roku by 128.6% in the 2nd quarter. West Tower Group LLC now owns 8,000 shares of the company’s stock valued at $703,000 after buying an additional 4,500 shares during the period. Chicago Partners Investment Group LLC acquired a new position in Roku in the second quarter valued at approximately $321,000. Goldstein Advisors LLC purchased a new position in Roku in the second quarter worth approximately $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Roku in the second quarter worth approximately $2,417,000. Finally, Stratos Wealth Partners LTD. increased its stake in Roku by 32.2% during the second quarter. Stratos Wealth Partners LTD. now owns 5,749 shares of the company’s stock worth $505,000 after acquiring an additional 1,401 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ROKU shares. Citigroup upped their price target on Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Piper Sandler boosted their price objective on shares of Roku from $65.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Bank of America increased their target price on shares of Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. Susquehanna lifted their price target on shares of Roku from $85.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Finally, KeyCorp boosted their price target on shares of Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and an average price target of $101.33.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 3,000 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $95.82, for a total value of $287,460.00. Following the sale, the chief financial officer owned 80,420 shares of the company’s stock, valued at $7,705,844.40. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $94.01, for a total value of $2,350,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 328,331 shares of company stock valued at $32,640,556. 13.98% of the stock is owned by company insiders.

Roku Stock Performance

NASDAQ ROKU opened at $97.49 on Wednesday. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of -232.12, a PEG ratio of 11.35 and a beta of 2.13. The firm has a 50 day simple moving average of $96.56 and a 200-day simple moving average of $83.09. Roku, Inc. has a one year low of $52.43 and a one year high of $107.25.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned ($0.18) EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict 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.