Roku (NASDAQ:ROKU) Director Mai Fyfield Sells 832 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) Director Mai Fyfield sold 832 shares of Roku stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $119.64, for a total value of $99,540.48. Following the sale, the director directly owned 5,389 shares of the company’s stock, valued at $644,739.96. This represents a 13.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roku Stock Performance

ROKU opened at $143.66 on Friday. Roku, Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $148.88. The company has a market capitalization of $21.18 billion, a P/E ratio of 108.02 and a beta of 2.06. The stock has a fifty day moving average of $118.73 and a 200-day moving average of $106.23.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) earnings per share. On average, equities research analysts predict that Roku, Inc. will post 2.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ROKU has been the subject of a number of analyst reports. Needham & Company LLC boosted their price target on Roku from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Guggenheim boosted their price target on Roku from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group set a $170.00 price target on Roku in a research note on Thursday, May 28th. Rosenblatt Securities boosted their price target on Roku from $118.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Zacks Research downgraded Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Twenty-two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and an average price target of $146.96.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new position in Roku in the fourth quarter valued at about $1,345,000. Holocene Advisors LP lifted its position in shares of Roku by 352.3% in the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after purchasing an additional 1,285,585 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Roku in the 3rd quarter worth approximately $2,997,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of Roku in the 4th quarter worth approximately $2,398,000. Finally, Magnetar Financial LLC acquired a new position in shares of Roku in the 3rd quarter worth approximately $5,466,000. Institutional investors own 86.30% of the company’s stock.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.