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

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 211 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $75.66, for a total value of $15,964.26. Following the transaction, the chief accounting officer now owns 7,053 shares in the company, valued at approximately $533,629.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Roku Price Performance

Shares of Roku stock opened at $75.89 on Friday. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $108.84. The firm’s 50-day moving average is $66.00 and its 200 day moving average is $61.92. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of -19.02 and a beta of 2.06.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.21. The firm had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.76) earnings per share. On average, equities analysts expect that Roku, Inc. will post -1.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ROKU. Robert W. Baird raised their target price on shares of Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. JPMorgan Chase & Co. boosted their price objective on shares of Roku from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Tuesday. Macquarie boosted their price target on Roku from $72.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Citigroup increased their price objective on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Roku has a consensus rating of “Hold” and a consensus target price of $81.14.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ROKU. Quarry LP increased its holdings in Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after buying an additional 266 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Roku by 43.5% during the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after purchasing an additional 610 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new stake in Roku in the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors 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.