9,588 Shares in Roku, Inc. (NASDAQ:ROKU) Acquired by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,588 shares of the company’s stock, valued at approximately $575,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Roku in the 4th quarter worth $27,000. Quarry LP increased its holdings in shares of Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after buying an additional 266 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after buying an additional 187 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Roku by 835.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after buying an additional 610 shares during the last quarter. Finally, Natixis bought a new position in shares of Roku in the 1st quarter worth $53,000. Institutional investors own 86.30% of the company’s stock.

Roku Stock Down 2.7 %

Shares of NASDAQ:ROKU traded down $1.84 on Friday, hitting $66.60. The company had a trading volume of 4,342,476 shares, compared to its average volume of 4,648,966. The firm’s 50-day simple moving average is $59.98 and its two-hundred day simple moving average is $61.40. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of -16.22 and a beta of 1.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The firm had revenue of $968.18 million during the quarter, compared to analysts’ expectations of $937.78 million. During the same period last year, the company posted ($0.76) EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities research analysts anticipate that Roku, Inc. will post -1.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ROKU shares. Benchmark reissued a “buy” rating and issued a $105.00 price target on shares of Roku in a report on Friday, August 2nd. Macquarie decreased their price target on shares of Roku from $88.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Jefferies Financial Group began coverage on shares of Roku in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 price objective for the company. Bank of America cut their price objective on shares of Roku from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Rosenblatt Securities cut their price objective on shares of Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.50.

Insider Transactions at Roku

In related news, insider Charles Collier sold 3,590 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total value of $233,350.00. Following the completion of the transaction, the insider now directly owns 12,064 shares in the company, valued at approximately $784,160. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Charles Collier sold 3,590 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total value of $233,350.00. Following the completion of the transaction, the insider now directly owns 12,064 shares in the company, valued at approximately $784,160. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Stephen H. Kay sold 3,322 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total transaction of $189,652.98. Following the completion of the transaction, the senior vice president now owns 82,036 shares of the company’s stock, valued at $4,683,435.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,075 shares of company stock valued at $1,556,005. Company insiders own 13.98% of the company’s stock.

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.