Roku, Inc. (NASDAQ:ROKU) Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in Roku, Inc. (NASDAQ:ROKU) by 127.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,289 shares of the company’s stock after acquiring an additional 17,550 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Roku were worth $2,326,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its stake in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in Roku in the 4th quarter valued at about $30,000. Raelipskie Partnership purchased a new stake in Roku in the 3rd quarter valued at about $32,000. Game Plan Financial Advisors LLC acquired a new position in shares of Roku during the 4th quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after acquiring an additional 491 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price for the company in a report on Tuesday, March 4th. JMP Securities boosted their price objective on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. UBS Group upped their price target on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Compass Point started coverage on shares of Roku in a report on Sunday. They set a “buy” rating on the stock. Finally, Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and raised their price objective for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.67.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 1,906 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the transaction, the chief accounting officer now directly owns 7,256 shares in the company, valued at approximately $583,092.16. This trade represents a 20.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,908 shares of company stock worth $8,633,436 over the last ninety days. 13.98% of the stock is owned by insiders.

Roku Stock Performance

ROKU opened at $77.87 on Thursday. The company has a market capitalization of $11.36 billion, a P/E ratio of -87.49 and a beta of 2.12. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The company has a 50-day moving average of $81.15 and a 200-day moving average of $77.55.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, sell-side analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

About Roku

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.