Ieq Capital LLC Raises Holdings in Roku, Inc. $ROKU

Key Points

• Ieq Capital LLC increased its stock position in Roku, Inc. by 129.5% during the first quarter, owning 29,477 shares worth approximately $2,076,000.
• Roku reported a 14.7% revenue increase year-over-year, with earnings per share at $0.07 for the last quarter, surpassing estimates.
• Several research firms raised their price targets for Roku's stock, with Wells Fargo increasing theirs to $113.00 and JPMorgan to $105.00, indicating a positive outlook from analysts.

Ieq Capital LLC boosted its position in shares of Roku, Inc. (NASDAQ:ROKU - Free Report) by 129.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,477 shares of the company's stock after buying an additional 16,631 shares during the period. Ieq Capital LLC's holdings in Roku were worth $2,076,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. United Advisor Group LLC increased its stake in Roku by 0.9% during the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock worth $1,073,000 after buying an additional 130 shares in the last quarter. Smith Group Asset Management LLC increased its stake in Roku by 2.8% during the 1st quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company's stock worth $521,000 after buying an additional 200 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Roku by 3.8% during the 1st quarter. Neuberger Berman Group LLC now owns 5,737 shares of the company's stock worth $404,000 after buying an additional 208 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after buying an additional 247 shares in the last quarter. Finally, Waverly Advisors LLC increased its stake in Roku by 8.2% during the 4th quarter. Waverly Advisors LLC now owns 3,765 shares of the company's stock worth $280,000 after buying an additional 285 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of analyst reports. Rosenblatt Securities upped their price target on Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. JMP Securities reiterated a "market outperform" rating and issued a $110.00 price objective on shares of Roku in a research report on Tuesday. Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Roku in a research report on Monday, July 28th. Wall Street Zen upgraded Roku from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Piper Sandler lifted their target price on Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $98.96.

Insider Buying and Selling

In related news, insider Charles Collier sold 10,269 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $95.00, for a total value of $975,555.00. Following the transaction, the insider owned 200 shares of the company's stock, valued at $19,000. This represents a 98.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Dan Jedda sold 3,000 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $89.07, for a total value of $267,210.00. Following the completion of the transaction, the chief financial officer directly owned 73,132 shares in the company, valued at $6,513,867.24. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 324,873 shares of company stock valued at $29,745,042 in the last three months. 13.98% of the stock is currently owned by insiders.

Roku Stock Down 0.7%

NASDAQ:ROKU traded down $0.70 during trading hours on Tuesday, reaching $95.86. 2,815,573 shares of the stock were exchanged, compared to its average volume of 3,957,677. The business has a 50-day moving average of $89.23 and a two-hundred day moving average of $78.03. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $104.96. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of -228.24, a PEG ratio of 13.52 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.23. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the firm earned ($0.18) earnings per share. The firm's revenue was up 14.7% compared to the same quarter last year. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Roku, Inc. will post -0.3 EPS 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.