Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks Sells 211 Shares

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 211 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $69.65, for a total value of $14,696.15. Following the completion of the sale, the chief accounting officer now directly owns 7,053 shares of the company’s stock, valued at approximately $491,241.45. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Roku Stock Down 1.8 %

Shares of ROKU stock opened at $75.69 on Wednesday. The business has a fifty day simple moving average of $73.68 and a 200 day simple moving average of $65.60. The company has a market cap of $10.99 billion, a P/E ratio of -63.07 and a beta of 2.06. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm posted ($2.33) EPS. The firm’s revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raelipskie Partnership acquired a new position in shares of Roku in the third quarter worth approximately $32,000. Future Financial Wealth Managment LLC acquired a new position in shares of Roku in the 3rd quarter worth approximately $43,000. GS Investments Inc. boosted its stake in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares during the period. Finally, Cedar Wealth Management LLC bought a new position in Roku during the second quarter worth $48,000. 86.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ROKU has been the subject of a number of analyst reports. Wedbush lifted their price objective on shares of Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Rosenblatt Securities lifted their price target on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Bank of America upped their price objective on Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Roku in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.62.

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.