Roku, Inc. (NASDAQ:ROKU) CAO Sells $15,779.40 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 210 shares of Roku stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $75.14, for a total transaction of $15,779.40. Following the sale, the chief accounting officer now owns 6,843 shares in the company, valued at approximately $514,183.02. The trade was a 2.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Roku Price Performance

ROKU stock opened at $77.38 on Friday. The company has a market capitalization of $11.24 billion, a PE ratio of -64.48 and a beta of 2.05. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $99.80. The firm’s 50-day moving average is $75.39 and its 200 day moving average is $69.12.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted ($2.33) earnings per share. The company’s revenue was up 16.5% on a year-over-year basis. Sell-side analysts forecast that Roku, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROKU. Macquarie reiterated an “outperform” rating and issued a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Tuesday, October 1st. Jefferies Financial Group cut their price target on Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday, November 1st. Wells Fargo & Company increased their target price on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, UBS Group assumed coverage on shares of Roku in a research report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roku presently has a consensus rating of “Moderate Buy” and an average price target of $83.81.

Institutional Investors Weigh In On Roku

Hedge funds have recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after acquiring an additional 244,793 shares in the last quarter. Holocene Advisors LP bought a new stake in shares of Roku in the 3rd quarter valued at about $129,015,000. Westfield Capital Management Co. LP lifted its position in shares of Roku by 126.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after purchasing an additional 856,401 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Roku by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock valued at $71,373,000 after purchasing an additional 30,038 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Roku by 352.5% during the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after buying an additional 507,643 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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.