RokuROKU
Market Cap: $10.8B
About: Roku enables consumers to stream television programming. It has more than 80 million streaming households and provided well over 100 billion streaming hours in 2023. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.
Employees: 3,150
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
2% more call options, than puts
Call options by funds: $629M | Put options by funds: $618M
0.91% more ownership
Funds ownership: 79.93% [Q1] → 80.84% (+0.91%) [Q2]
6% less capital invested
Capital invested by funds: $6.57B [Q1] → $6.14B (-$426M) [Q2]
7% less funds holding
Funds holding: 556 [Q1] → 517 (-39) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
17% less repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 192
38% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 102
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Benchmark Daniel Kurnos 51% 1-year accuracy 18 / 35 met price target | 41%upside $105 | Buy Reiterated | 12 Sept 2024 |
Wolfe Research Peter Supino 67% 1-year accuracy 2 / 3 met price target | 25%upside $93 | Outperform Upgraded | 12 Sept 2024 |
Wells Fargo Steven Cahall 40% 1-year accuracy 8 / 20 met price target | 3%downside $72 | Equal-Weight Upgraded | 5 Sept 2024 |
Guggenheim Michael Morris 43% 1-year accuracy 6 / 14 met price target | 1%upside $75 | Buy Upgraded | 23 Aug 2024 |
Rosenblatt Barton Crockett 65% 1-year accuracy 24 / 37 met price target | 18%downside $61 | Neutral Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 28 articles about ROKU published over the past 30 days