Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew C. Banks sold 208 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $13,393.12. Following the completion of the sale, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $467,728.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Roku Stock Up 5.0 %
NASDAQ:ROKU opened at $66.70 on Friday. The stock's 50-day simple moving average is $61.00 and its 200 day simple moving average is $60.60. The firm has a market capitalization of $9.65 billion, a PE ratio of -16.72 and a beta of 2.06. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $108.84.
Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.21. The business had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. Roku's revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.76) earnings per share. On average, analysts anticipate that Roku, Inc. will post -1.45 EPS for the current fiscal year.
Analyst Ratings Changes
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A number of equities research analysts recently weighed in on ROKU shares. Wedbush restated an "outperform" rating and issued a $75.00 price target on shares of Roku in a research note on Friday, August 2nd. Wells Fargo & Company upgraded Roku from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $50.00 to $72.00 in a research report on Thursday. Macquarie lowered their price objective on Roku from $88.00 to $72.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Benchmark reiterated a "buy" rating and set a $105.00 price objective on shares of Roku in a research report on Friday, August 2nd. Finally, Bank of America lowered their price objective on Roku from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $80.41.
Read Our Latest Analysis on Roku
Institutional Trading of Roku
Several large investors have recently bought and sold shares of ROKU. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Roku by 24.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company's stock valued at $478,939,000 after buying an additional 1,457,925 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Roku by 25.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company's stock valued at $462,108,000 after buying an additional 1,455,408 shares in the last quarter. Norges Bank bought a new position in Roku in the fourth quarter valued at about $90,386,000. Quadrature Capital Ltd bought a new position in Roku in the fourth quarter valued at about $35,856,000. Finally, Vanguard Group Inc. raised its position in Roku by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company's stock valued at $1,086,533,000 after purchasing an additional 380,409 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.
About Roku
(
Get Free Report)
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.
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