Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood Sells 25,000 Shares

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $2,510,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,664,415.20. The trade was a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Roku Trading Down 3.3 %

NASDAQ:ROKU opened at $95.80 on Wednesday. The stock has a market capitalization of $13.91 billion, a P/E ratio of -79.83 and a beta of 2.05. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96. The firm has a 50 day moving average of $80.86 and a 200-day moving average of $74.18.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, analysts forecast that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Roku

A number of hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its stake in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Vision Financial Markets LLC acquired a new position in Roku during the 4th quarter worth $30,000. Raelipskie Partnership acquired a new position in Roku during the 3rd quarter worth $32,000. Game Plan Financial Advisors LLC bought a new position in Roku in the 4th quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after acquiring an additional 491 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ROKU. Macquarie reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Roku in a research report on Thursday, October 31st. Moffett Nathanson cut shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price for the company. in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their price target on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Loop Capital upped their price objective on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company raised Roku from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.62.

About Roku

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.