QRG Capital Management Inc. Raises Stock Position in Roku, Inc. $ROKU

QRG Capital Management Inc. grew its holdings in Roku, Inc. (NASDAQ:ROKU) by 62.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,800 shares of the company’s stock after acquiring an additional 2,231 shares during the period. QRG Capital Management Inc.’s holdings in Roku were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ROKU. Garde Capital Inc. purchased a new position in shares of Roku in the 1st quarter worth $25,000. Banque Transatlantique SA purchased a new position in shares of Roku in the 1st quarter worth $28,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Roku in the 1st quarter worth $30,000. Golden State Wealth Management LLC grew its stake in shares of Roku by 125.4% in 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, First PREMIER Bank purchased a new position in shares of Roku in the 1st quarter worth $35,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Stock Performance

NASDAQ:ROKU opened at $92.02 on Friday. Roku, Inc. has a one year low of $52.43 and a one year high of $107.25. The firm has a market cap of $13.56 billion, a P/E ratio of -219.10, a P/E/G ratio of 13.60 and a beta of 2.13. The firm has a 50-day simple moving average of $94.90 and a 200-day simple moving average of $81.72.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.23. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent research reports. Rosenblatt Securities lifted their price objective on shares of Roku from $75.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Roku from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price target on shares of Roku from $100.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. UBS Group lifted their price target on shares of Roku from $72.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, Pivotal Research lifted their price target on shares of Roku from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $82.42, for a total transaction of $2,060,500.00. Following the completion of the transaction, the chief executive officer owned 16,441 shares in the company, valued at $1,355,067.22. The trade was a 60.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mustafa Ozgen sold 50,527 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $5,052,700.00. The disclosure for this sale can be found here. Insiders sold a total of 518,890 shares of company stock worth $50,737,151 in the last 90 days. 13.98% of the stock is owned by corporate insiders.

Roku Company 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.