Monetta Financial Services Inc. Increases Stock Holdings in Roku, Inc. $ROKU

Monetta Financial Services Inc. grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 50.0% during the second quarter, Holdings Channel reports. The firm owned 15,000 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Roku comprises about 1.0% of Monetta Financial Services Inc.’s holdings, making the stock its 27th largest position. Monetta Financial Services Inc.’s holdings in Roku were worth $1,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in Roku by 12.8% in the first quarter. Envestnet Asset Management Inc. now owns 175,250 shares of the company’s stock valued at $12,345,000 after buying an additional 19,889 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Roku in the first quarter valued at approximately $306,000. Cerity Partners LLC increased its stake in Roku by 17.7% in the first quarter. Cerity Partners LLC now owns 31,400 shares of the company’s stock valued at $2,212,000 after purchasing an additional 4,721 shares during the last quarter. Xponance Inc. raised its holdings in Roku by 4.0% during the first quarter. Xponance Inc. now owns 14,597 shares of the company’s stock worth $1,028,000 after purchasing an additional 561 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Roku by 113.5% during the 1st quarter. CWM LLC now owns 13,309 shares of the company’s stock worth $937,000 after buying an additional 7,074 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

Shares of Roku stock opened at $105.92 on Thursday. Roku, Inc. has a one year low of $52.43 and a one year high of $116.66. The company has a market cap of $15.65 billion, a P/E ratio of -529.57 and a beta of 2.18. The firm has a fifty day moving average of $99.51 and a two-hundred day moving average of $88.00.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) EPS. Roku has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Susquehanna reissued a “positive” rating and issued a $130.00 price target on shares of Roku in a research report on Friday, October 31st. Benchmark reissued a “buy” rating on shares of Roku in a research report on Monday, October 27th. Pivotal Research lifted their price target on Roku from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Rosenblatt Securities increased their price objective on Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Zacks Research raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.18.

Insiders Place Their Bets

In other news, insider Mustafa Ozgen sold 50,527 shares of Roku stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $103.86, for a total value of $5,193,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 510,463 shares of company stock worth $53,393,847. 13.98% of the stock is owned by company insiders.

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.