Matthew C. Banks Sells 207 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 207 shares of Roku stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $70.77, for a total value of $14,649.39. Following the sale, the chief accounting officer now directly owns 7,049 shares in the company, valued at $498,857.73. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Roku Trading Down 8.3 %

Shares of ROKU stock opened at $55.28 on Friday. The firm has a fifty day simple moving average of $79.65 and a two-hundred day simple moving average of $77.37. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $104.96. The firm has a market capitalization of $8.07 billion, a PE ratio of -62.11 and a beta of 2.17.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, equities analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Compass Point initiated coverage on shares of Roku in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. UBS Group raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price on shares of Roku in a research report on Monday, February 10th. Loop Capital lifted their target price on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Citizens Jmp raised Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.55.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ROKU. Entropy Technologies LP raised its position in Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after buying an additional 18,520 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Roku by 11,626.3% in the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after purchasing an additional 149,514 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Roku by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock valued at $73,661,000 after purchasing an additional 34,898 shares in the last quarter. Achmea Investment Management B.V. lifted its position in shares of Roku by 146.4% during the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company’s stock valued at $756,000 after purchasing an additional 6,042 shares in the last quarter. Finally, Oak Thistle LLC purchased a new position in Roku during the fourth quarter worth about $823,000. 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.