Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew C. Banks sold 210 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $63.36, for a total transaction of $13,305.60. Following the transaction, the chief accounting officer now owns 6,843 shares in the company, valued at approximately $433,572.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Roku Trading Up 2.3 %
Shares of ROKU stock opened at $67.18 on Tuesday. The company has a market capitalization of $9.72 billion, a P/E ratio of -55.98 and a beta of 2.07. 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 $73.17 and a two-hundred day moving average of $63.85.
Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.30%. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm posted ($2.33) earnings per share. The firm's revenue for the quarter was up 16.5% on a year-over-year basis. Sell-side analysts predict that Roku, Inc. will post -1.41 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Venturi Wealth Management LLC increased its position in shares of Roku by 50.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 991 shares of the company's stock worth $74,000 after purchasing an additional 333 shares in the last quarter. TRU Independence Asset Management 2 LLC acquired a new position in shares of Roku during the third quarter worth approximately $212,000. Sigma Planning Corp lifted its holdings in Roku by 4.7% during the 3rd quarter. Sigma Planning Corp now owns 8,256 shares of the company's stock worth $616,000 after buying an additional 370 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in Roku in the third quarter valued at about $274,000. Finally, United Advisor Group LLC bought a new position in shares of Roku in the 3rd quarter valued at about $1,068,000. 86.30% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on ROKU. Wolfe Research raised shares of Roku from a "peer perform" rating to an "outperform" rating and set a $93.00 target price on the stock in a research report on Thursday, September 12th. Morgan Stanley raised their price objective on Roku from $60.00 to $65.00 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Robert W. Baird upped their target price on Roku from $56.00 to $75.00 and gave the stock a "neutral" rating in a research report on Monday, September 30th. JPMorgan Chase & Co. increased their price target on Roku from $90.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, Macquarie restated an "outperform" rating and issued a $90.00 price objective on shares of Roku in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $83.95.
Read Our Latest Stock Analysis on ROKU
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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