IFM Investors Pty Ltd Boosts Stock Position in Roku, Inc. (NASDAQ:ROKU)

IFM Investors Pty Ltd lifted its stake in Roku, Inc. (NASDAQ:ROKU) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,440 shares of the company’s stock after acquiring an additional 1,864 shares during the period. IFM Investors Pty Ltd’s holdings in Roku were worth $1,593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in Roku in the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV bought a new stake in Roku during the fourth quarter valued at $29,000. Federated Hermes Inc. purchased a new position in Roku during the third quarter worth about $37,000. Quarry LP increased its stake in Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares during the last quarter. Finally, Headinvest LLC purchased a new stake in shares of Roku in the 3rd quarter valued at about $42,000. 86.30% of the stock is currently owned by institutional investors.

Roku Stock Performance

Shares of NASDAQ ROKU traded down $6.46 during mid-day trading on Friday, hitting $56.35. The stock had a trading volume of 18,083,807 shares, compared to its average volume of 3,623,862. The firm has a market cap of $8.09 billion, a P/E ratio of -14.12 and a beta of 1.66. The business has a 50 day moving average price of $62.80 and a two-hundred day moving average price of $78.57. Roku, Inc. has a 1 year low of $51.62 and a 1 year high of $108.84.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million for the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.73%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.38) earnings per share. Equities research analysts predict that Roku, Inc. will post -2.12 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, Director Jeffrey M. Blackburn purchased 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $511,680. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jeffrey M. Blackburn bought 8,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $63.96 per share, with a total value of $511,680.00. Following the purchase, the director now owns 8,000 shares of the company’s stock, valued at approximately $511,680. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The disclosure for this sale can be found here. Insiders sold 54,545 shares of company stock valued at $4,364,035 in the last 90 days. Insiders own 13.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wedbush cut their price objective on Roku from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday. Rosenblatt Securities reissued a “neutral” rating and issued a $89.00 price target on shares of Roku in a research note on Friday. Stephens restated an “overweight” rating and set a $105.00 price objective on shares of Roku in a research report on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Roku in a report on Friday. Finally, Oppenheimer cut Roku from an “outperform” rating to a “market perform” rating in a research note on Friday, February 16th. Four investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $86.05.

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.