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, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,116,936.26. The trade was a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Roku Stock Down 3.2 %

Shares of NASDAQ ROKU opened at $76.66 on Tuesday. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of -63.88 and a beta of 2.05. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $99.80. The business’s 50 day moving average is $76.45 and its two-hundred day moving average is $70.39.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Loop Capital boosted 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. JPMorgan Chase & Co. boosted their target price on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their target price on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Roku in a report on Wednesday, January 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roku currently has a consensus rating of “Hold” and an average target price of $82.62.

Hedge Funds Weigh In On Roku

Institutional investors have recently modified their holdings of the business. Raelipskie Partnership acquired a new position in shares of Roku in the third quarter worth $32,000. Future Financial Wealth Managment LLC acquired a new position in shares of Roku in the third quarter worth $43,000. GS Investments Inc. grew its stake in shares of Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares in the last quarter. Finally, Cedar Wealth Management LLC acquired a new position in shares of Roku during the second quarter worth $48,000. Institutional investors and hedge funds 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.