Interchange Capital Partners LLC Has $588,000 Position in Roku, Inc. $ROKU

Interchange Capital Partners LLC reduced its stake in shares of Roku, Inc. (NASDAQ:ROKU) by 15.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,685 shares of the company’s stock after selling 1,264 shares during the quarter. Interchange Capital Partners LLC’s holdings in Roku were worth $588,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC acquired a new position in shares of Roku during the 2nd quarter worth about $404,000. RedJay Asset Management Inc. grew its position in shares of Roku by 10.0% during the 2nd quarter. RedJay Asset Management Inc. now owns 55,000 shares of the company’s stock worth $4,834,000 after buying an additional 5,000 shares during the period. Focus Partners Advisor Solutions LLC acquired a new position in shares of Roku during the 2nd quarter worth about $256,000. State of New Jersey Common Pension Fund D grew its position in shares of Roku by 1.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 44,374 shares of the company’s stock worth $3,900,000 after buying an additional 421 shares during the period. Finally, AlphaQuest LLC grew its position in shares of Roku by 4,380.0% during the 2nd quarter. AlphaQuest LLC now owns 8,960 shares of the company’s stock worth $787,000 after buying an additional 8,760 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roku

In other news, CAO Matthew C. Banks sold 2,180 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total transaction of $213,313.00. Following the sale, the chief accounting officer owned 5,355 shares in the company, valued at $523,986.75. This represents a 28.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mustafa Ozgen sold 50,527 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total value of $5,052,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 328,331 shares of company stock worth $32,640,556. Corporate insiders own 13.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ROKU shares. Wells Fargo & Company boosted their target price on Roku from $100.00 to $113.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. KeyCorp boosted their price objective on Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research report on Monday, July 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roku in a research report on Saturday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $145.00 price objective on shares of Roku in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.33.

Roku Stock Performance

NASDAQ ROKU opened at $96.29 on Friday. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of -229.26, a PEG ratio of 11.35 and a beta of 2.13. The stock’s 50 day moving average price is $97.05 and its two-hundred day moving average price is $83.95. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $107.25.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.23. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts forecast that Roku, Inc. will post -0.3 EPS for the current 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.