Roku (NASDAQ:ROKU) Director Sells $99,540.48 in Stock

Roku, Inc. (NASDAQ:ROKU) Director Mai Fyfield sold 832 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $119.64, for a total transaction of $99,540.48. Following the sale, the director directly owned 5,389 shares of the company’s stock, valued at $644,739.96. The trade was a 13.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roku Price Performance

NASDAQ:ROKU opened at $143.66 on Monday. Roku, Inc. has a 52 week low of $73.91 and a 52 week high of $148.88. The firm has a 50 day moving average of $118.73 and a 200 day moving average of $106.32. The stock has a market capitalization of $21.18 billion, a price-to-earnings ratio of 108.02 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. Roku’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) earnings per share. As a group, analysts expect that Roku, Inc. will post 2.41 EPS for the current year.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the last quarter. Aventura Private Wealth LLC purchased a new position in shares of Roku during the fourth quarter worth $26,000. Bayban raised its holdings in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of Roku during the fourth quarter worth $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Roku during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROKU. Pivotal Research reaffirmed a “buy” rating and issued a $160.00 price target (up from $140.00) on shares of Roku in a report on Friday, May 1st. Zacks Research cut shares of Roku from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $170.00 price target on shares of Roku in a report on Thursday, May 28th. Guggenheim raised their price target on shares of Roku from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Evercore reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Roku in a report on Friday. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.96.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.