IFM Investors Pty Ltd Acquires 1,864 Shares of Roku, Inc. (NASDAQ:ROKU)

IFM Investors Pty Ltd increased its holdings in Roku, Inc. (NASDAQ:ROKU) by 8.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 24,440 shares of the company’s stock after purchasing an additional 1,864 shares during the quarter. IFM Investors Pty Ltd’s holdings in Roku were worth $1,593,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Roku during the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Roku in the 4th quarter worth approximately $29,000. Quarry LP raised its stake in shares of Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Roku during the third quarter valued at approximately $37,000. Finally, Headinvest LLC acquired a new stake in Roku in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Charles Collier sold 12,277 shares of Roku stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total value of $798,741.62. Following the completion of the sale, the insider now owns 4,292 shares in the company, valued at approximately $279,237.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,545 shares of company stock worth $4,364,035. Insiders own 13.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROKU. Benchmark reduced their price target on Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday. Wedbush reduced their target price on Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday. Pivotal Research lowered their price target on Roku from $85.00 to $75.00 and set a “hold” rating for the company in a report on Friday, February 16th. Stephens restated an “overweight” rating and set a $105.00 price objective on shares of Roku in a report on Friday, February 16th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $65.00 price objective (down from $81.00) on shares of Roku in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.05.

Roku Stock Performance

Shares of ROKU stock traded down $6.46 during trading hours on Friday, reaching $56.35. The company had a trading volume of 18,083,807 shares, compared to its average volume of 3,623,862. Roku, Inc. has a 12-month low of $51.62 and a 12-month high of $108.84. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of -14.12 and a beta of 1.66. The stock has a fifty day moving average of $62.80 and a 200-day moving average of $78.57.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The company had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. During the same period in the prior year, the business earned ($1.38) EPS. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. On average, analysts forecast that Roku, Inc. will post -2.12 EPS for the current year.

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.