IQ EQ FUND MANAGEMENT IRELAND Ltd Raises Stock Position in Roku, Inc. $ROKU

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Roku, Inc. (NASDAQ:ROKU) by 194.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,527 shares of the company’s stock after purchasing an additional 78,948 shares during the quarter. Roku comprises about 0.9% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings, making the stock its 24th biggest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Roku were worth $10,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of ROKU. Y Intercept Hong Kong Ltd raised its stake in Roku by 162.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 24,629 shares of the company’s stock worth $2,165,000 after buying an additional 15,234 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Roku by 7.4% during the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,563 shares of the company’s stock worth $313,000 after acquiring an additional 244 shares during the period. Wealthfront Advisers LLC raised its position in shares of Roku by 18.0% in the 2nd quarter. Wealthfront Advisers LLC now owns 6,646 shares of the company’s stock worth $584,000 after acquiring an additional 1,012 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Roku in the 2nd quarter worth approximately $404,000. Finally, RedJay Asset Management Inc. lifted its stake in shares of Roku by 10.0% in the 2nd quarter. RedJay Asset Management Inc. now owns 55,000 shares of the company’s stock valued at $4,834,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

Shares of ROKU stock opened at $98.81 on Tuesday. The company has a market capitalization of $14.56 billion, a price-to-earnings ratio of -235.26, a price-to-earnings-growth ratio of 11.35 and a beta of 2.13. Roku, Inc. has a one year low of $52.43 and a one year high of $107.25. The company’s 50-day moving average is $97.18 and its 200 day moving average is $84.33.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The business’s 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. As a group, research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Roku from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Roku in a research report on Monday. Citigroup increased their price target on shares of Roku from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Finally, Benchmark restated a “buy” rating on shares of Roku in a report on Monday. Two equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $101.75.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 112,961 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $105.00, for a total transaction of $11,860,905.00. Following the sale, the insider directly owned 200 shares in the company, valued at approximately $21,000. This trade represents a 99.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mustafa Ozgen sold 50,527 shares of Roku stock in a transaction 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 331,731 shares of company stock valued at $32,980,794. 13.98% of the stock is owned by corporate insiders.

Roku Company 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.