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

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Roku, Inc. (NASDAQ:ROKU) by 194.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,527 shares of the company’s stock after acquiring an additional 78,948 shares during the quarter. Roku comprises 0.9% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s investment portfolio, making the stock its 24th largest position. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.08% of Roku worth $10,505,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its position in Roku by 0.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company’s stock valued at $1,369,000 after purchasing an additional 142 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Roku by 1.0% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company’s stock valued at $1,097,000 after buying an additional 160 shares in the last quarter. True Vision MN LLC lifted its holdings in shares of Roku by 3.3% during the 2nd quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock worth $487,000 after acquiring an additional 179 shares during the last quarter. Stonekeep Investments LLC grew its position in Roku by 4.9% in the second quarter. Stonekeep Investments LLC now owns 4,084 shares of the company’s stock worth $359,000 after acquiring an additional 191 shares in the last quarter. Finally, Smith Group Asset Management LLC increased its stake in Roku by 2.8% in the first quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company’s stock valued at $521,000 after acquiring an additional 200 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on Roku from $72.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Pivotal Research boosted their target price on Roku from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Roku in a research note on Monday. Rosenblatt Securities increased their price target on shares of Roku from $75.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Finally, Bank of America boosted their price objective on shares of Roku from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.75.

Insider Activity

In related news, CFO Dan Jedda sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $95.82, for a total value of $287,460.00. Following the sale, the chief financial officer directly owned 80,420 shares of the company’s stock, valued at $7,705,844.40. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 3,400 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $100.07, for a total value of $340,238.00. The disclosure for this sale can be found here. Insiders sold 331,731 shares of company stock worth $32,980,794 in the last quarter. Insiders own 13.98% of the company’s stock.

Roku Stock Performance

Shares of ROKU stock opened at $98.81 on Tuesday. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $107.25. The stock has a 50 day moving average price of $97.18 and a two-hundred day moving average price of $84.33. The company has a market capitalization of $14.56 billion, a P/E ratio of -235.26, a PEG ratio of 11.35 and a beta of 2.13.

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 analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned ($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, equities analysts predict that Roku, Inc. will post -0.3 earnings per share 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.