Roku, Inc. (NASDAQ:ROKU - Get Free Report) 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 transaction of $15,964.26. Following the completion of the transaction, the chief accounting officer now owns 7,053 shares in the company, valued at approximately $533,629.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Roku Trading Down 0.2 %
Shares of Roku stock opened at $74.18 on Thursday. The firm has a market cap of $10.73 billion, a PE ratio of -18.59 and a beta of 2.06. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $108.84. The stock has a 50 day moving average of $65.30 and a 200 day moving average of $61.74.
Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.45) by $0.21. The firm had revenue of $968.18 million during 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 firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.76) EPS. As a group, equities research analysts forecast that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Roku
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Several hedge funds and other institutional investors have recently made changes to their positions in ROKU. Mcdonald Partners LLC raised its holdings in shares of Roku by 0.9% in the second 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. Benjamin Edwards Inc. increased its stake in Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company's stock worth $40,000 after purchasing an additional 187 shares during the period. Beacon Capital Management LLC lifted its position in shares of Roku by 17.7% during the first quarter. Beacon Capital Management LLC now owns 1,547 shares of the company's stock worth $101,000 after purchasing an additional 233 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Roku by 0.7% during the second quarter. Arizona State Retirement System now owns 34,656 shares of the company's stock valued at $2,077,000 after purchasing an additional 251 shares during the period. Finally, Quarry LP lifted its holdings in Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company's stock valued at $40,000 after buying an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on ROKU. Wolfe Research upgraded shares of Roku from a "peer perform" rating to an "outperform" rating and set a $93.00 price objective on the stock in a research report on Thursday, September 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of Roku in a research note on Friday, September 13th. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research report on Tuesday. Benchmark reaffirmed a "buy" rating and issued a $105.00 target price on shares of Roku in a research report on Thursday, September 12th. Finally, Bank of America boosted their price target on shares of Roku from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $80.29.
Check Out Our Latest Research Report on Roku
Roku Company Profile
(
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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