Investors Purchase High Volume of Roku Call Options (NASDAQ:ROKU)

Roku, Inc. (NASDAQ:ROKU) was the recipient of some unusual options trading activity on Monday. Stock traders bought 52,887 call options on the stock. This is an increase of approximately 64% compared to the average daily volume of 32,308 call options.

Insider Activity

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the sale, the insider now owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Matthew C. Banks sold 8,693 shares of Roku stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the transaction, the chief accounting officer now directly owns 7,264 shares in the company, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,240 shares of company stock valued at $6,729,582 in the last quarter. 13.98% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently modified their holdings of ROKU. GS Investments Inc. boosted its holdings in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares during the period. PFG Investments LLC boosted its stake in shares of Roku by 3.7% during the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after purchasing an additional 150 shares during the period. True Vision MN LLC grew its holdings in shares of Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares during the last quarter. Mcdonald Partners LLC increased its stake in Roku by 0.9% in the 2nd quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock worth $1,175,000 after buying an additional 175 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Roku by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after buying an additional 202 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Stock Performance

NASDAQ:ROKU opened at $77.05 on Tuesday. The stock’s fifty day moving average is $73.70 and its 200 day moving average is $65.50. The firm has a market capitalization of $11.19 billion, a PE ratio of -64.21 and a beta of 2.07. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $108.84.

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

Analyst Ratings Changes

ROKU has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $105.00 price target on shares of Roku in a report on Thursday, September 12th. Bank of America upped their target price on shares of Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Citigroup raised their price target on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Loop Capital upped their price objective on Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price on the stock in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and a consensus price target of $82.62.

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.