Roku, Inc. (NASDAQ:ROKU) CAO Sells $621,027.92 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the sale, the chief accounting officer now directly owns 7,264 shares of the company’s stock, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Roku Stock Down 0.6 %

Shares of ROKU traded down $0.42 on Tuesday, hitting $73.61. The company’s stock had a trading volume of 2,831,057 shares, compared to its average volume of 4,413,427. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of -61.34 and a beta of 2.07. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $108.84. The firm’s fifty day moving average price is $74.53 and its 200-day moving average price is $64.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.33) earnings per share. As a group, equities analysts predict that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ROKU shares. Wedbush lifted their target price on shares of Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Piper Sandler boosted their target price on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Morgan Stanley upped their price objective on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price objective on Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.67.

Hedge Funds Weigh In On Roku

Hedge funds have recently modified their holdings of the stock. Raelipskie Partnership acquired a new position in Roku during the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after buying an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Roku in the third quarter valued at $43,000. GS Investments Inc. increased its holdings in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new stake in Roku during the second quarter worth $48,000. Institutional investors own 86.30% of the company’s stock.

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.