Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks Sells 210 Shares

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 210 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $63.36, for a total transaction of $13,305.60. Following the completion of the sale, the chief accounting officer now owns 6,843 shares of the company’s stock, valued at $433,572.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Roku Stock Performance

Shares of ROKU opened at $69.67 on Wednesday. The firm has a market cap of $10.08 billion, a P/E ratio of -58.06 and a beta of 2.07. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $108.84. The firm’s 50 day moving average price is $73.17 and its two-hundred day moving average price is $63.94.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted ($2.33) EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Roku, Inc. will post -1.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, August 23rd. Robert W. Baird raised their price target on Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Rosenblatt Securities boosted their price objective on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $105.00 target price on shares of Roku in a research note on Thursday, September 12th. Finally, Bank of America increased their price objective on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.95.

Institutional Investors Weigh In On Roku

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. ARK Investment Management LLC grew its stake in shares of Roku by 1.3% during the 2nd quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company’s stock worth $762,096,000 after acquiring an additional 159,785 shares in the last quarter. Vanguard Group Inc. grew its position in Roku by 0.8% in the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock valued at $778,560,000 after purchasing an additional 92,658 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Roku by 5.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company’s stock valued at $30,013,000 after buying an additional 24,926 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Roku by 138.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company’s stock worth $22,314,000 after buying an additional 198,600 shares during the last quarter. Finally, Andra AP fonden boosted its stake in shares of Roku by 116.6% during the 2nd quarter. Andra AP fonden now owns 293,900 shares of the company’s stock worth $17,613,000 after buying an additional 158,200 shares during the last quarter. Institutional investors and hedge funds 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.