Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks Sells 1,906 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the transaction, the chief accounting officer now owns 7,256 shares in the company, valued at $583,092.16. The trade was a 20.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Roku Trading Up 5.8 %

Shares of NASDAQ ROKU opened at $85.07 on Thursday. The firm’s 50-day moving average price is $82.19 and its 200-day moving average price is $76.66. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of -95.58 and a beta of 2.12.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on ROKU. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Roku in a research report on Monday, February 10th. Citizens Jmp raised Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Benchmark raised their price target on shares of Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Citigroup boosted their target price on Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.71.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently made changes to their positions in ROKU. Audent Global Asset Management LLC increased its stake in shares of Roku by 222.9% during the fourth quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock valued at $1,571,000 after buying an additional 14,584 shares during the period. Siemens Fonds Invest GmbH acquired a new position in shares of Roku in the fourth quarter valued at about $1,681,000. Fluent Financial LLC acquired a new stake in Roku during the 4th quarter valued at approximately $660,000. United Advisor Group LLC boosted its stake in shares of Roku by 0.9% in the fourth 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 during the last quarter. Finally, Empirical Capital Management LLC grew its stake in shares of Roku by 0.5% during the 4th quarter. Empirical Capital Management LLC now owns 284,500 shares of the company’s stock worth $21,150,000 after purchasing an additional 1,300 shares during the period. 86.30% of the stock is currently owned by institutional investors.

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.