Roku, Inc. (NASDAQ:ROKU) CAO Sells $11,799.68 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 206 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $57.28, for a total transaction of $11,799.68. Following the sale, the chief accounting officer now directly owns 5,162 shares of the company’s stock, valued at $295,679.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Roku Stock Down 1.4 %

Shares of NASDAQ ROKU opened at $59.11 on Monday. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84. The business’s 50 day moving average is $62.07 and its two-hundred day moving average is $78.31.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The business had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. Roku’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.38) earnings per share. On average, equities research analysts expect that Roku, Inc. will post -1.94 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ROKU. GAMMA Investing LLC bought a new position in Roku during the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Roku during the 4th quarter worth approximately $29,000. Federated Hermes Inc. bought a new stake in shares of Roku during the third quarter valued at approximately $37,000. Quarry LP raised its stake in shares of Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its position in Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer lowered Roku from an “outperform” rating to a “market perform” rating in a research note on Friday, February 16th. Seaport Res Ptn raised shares of Roku from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Susquehanna dropped their price target on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Stephens restated an “overweight” rating and set a $105.00 price target on shares of Roku in a report on Friday, February 16th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $65.00 price objective (down from $81.00) on shares of Roku in a report on Friday, April 26th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Roku presently has an average rating of “Hold” and an average price target of $82.50.

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.