Roku, Inc. (NASDAQ:ROKU – Get Free Report) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 5,959,833 shares, a decrease of 44.8% from the June 15th total of 10,788,467 shares. Approximately 4.7% of the company’s stock are sold short. Based on an average daily volume of 9,651,229 shares, the short-interest ratio is currently 0.6 days.
Analysts Set New Price Targets
ROKU has been the subject of a number of research reports. Citizens Jmp cut shares of Roku from a “market outperform” rating to a “hold” rating in a research report on Tuesday, June 16th. Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Pivotal Research reiterated a “buy” rating and set a $160.00 target price (up from $140.00) on shares of Roku in a research report on Friday, May 1st. Evercore downgraded Roku from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Citigroup reissued an “outperform” rating on shares of Roku in a report 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 company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $153.71.
Get Our Latest Research Report on ROKU
Roku Trading Down 0.4%
Roku (NASDAQ:ROKU – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.34 by $0.23. Roku had a return on equity of 7.64% and a net margin of 4.06%.The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned ($0.19) earnings per share. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. As a group, equities analysts predict that Roku will post 2.41 earnings per share for the current fiscal year.
More Roku News
Here are the key news stories impacting Roku this week:
- Positive Sentiment: Roku announced a partnership with Smartly to add social-network-style precision targeting to connected TV ads, which could improve Roku’s ad-tech appeal and help attract more marketers to the platform.
- Positive Sentiment: Recent market commentary described Roku as a strong growth stock, reinforcing the view that investors still see upside in its streaming platform and advertising business.
- Neutral Sentiment: Several articles focused on consumer use cases and general commentary, including whether Roku devices are still worth buying in 2026 and what they can do without internet access; these pieces are more informational than market-moving.
- Neutral Sentiment: A broader market recap noted Roku outperformed on a day when the market fell, but it did not point to a specific catalyst beyond ongoing investor interest.
Insider Activity at Roku
In other Roku news, insider Gilbert Fuchsberg sold 9,593 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $125.52, for a total transaction of $1,204,113.36. Following the sale, the insider owned 50,863 shares of the company’s stock, valued at approximately $6,384,323.76. This trade represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Charles Collier sold 205,807 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $115.00, for a total transaction of $23,667,805.00. Following the sale, the insider owned 7,700 shares of the company’s stock, valued at $885,500. This represents a 96.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 470,737 shares of company stock valued at $57,383,511. Company insiders own 13.45% of the company’s stock.
Institutional Trading of Roku
Several hedge funds have recently made changes to their positions in ROKU. AQR Capital Management LLC boosted its stake in shares of Roku by 275.5% in the third quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after buying an additional 1,897,407 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Roku by 229.5% during the first 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. Fred Alger Management LLC raised its position in Roku by 7,087.7% in the fourth quarter. Fred Alger Management LLC now owns 1,421,440 shares of the company’s stock worth $154,212,000 after acquiring an additional 1,401,664 shares in the last quarter. Norges Bank purchased a new position in Roku in the fourth quarter worth $92,808,000. Finally, Janus Henderson Group PLC lifted its holdings in Roku by 1,320.4% in the first quarter. Janus Henderson Group PLC now owns 834,619 shares of the company’s stock valued at $78,967,000 after acquiring an additional 775,861 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.
About Roku
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.
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