Roku, Inc. (NASDAQ:ROKU) CAO Sells $45,904.42 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 629 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $72.98, for a total value of $45,904.42. Following the sale, the chief accounting officer now directly owns 8,555 shares of the company’s stock, valued at $624,343.90. This represents a 6.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Roku Stock Up 1.0%

NASDAQ:ROKU opened at $73.69 on Thursday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The business has a 50 day moving average price of $65.37 and a two-hundred day moving average price of $74.40. The company has a market cap of $10.75 billion, a P/E ratio of -82.80 and a beta of 2.06.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted ($0.35) EPS. The business’s revenue was up 15.8% on a year-over-year basis. As a group, analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently made changes to their positions in ROKU. Garde Capital Inc. bought a new stake in shares of Roku during the 1st quarter worth approximately $25,000. Banque Transatlantique SA bought a new stake in shares of Roku during the 1st quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of Roku during the 4th quarter worth approximately $30,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Roku during the 1st quarter worth approximately $30,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock worth $31,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. Redburn Atlantic raised Roku from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Monday, April 7th. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and upped their price target for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target for the company in a research note on Tuesday, March 4th. Loop Capital lowered their price target on Roku from $90.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, May 2nd. Finally, Rosenblatt Securities lowered their price target on Roku from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.37.

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.