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

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 210 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $75.14, for a total transaction of $15,779.40. Following the sale, the chief accounting officer now owns 6,843 shares in the company, valued at approximately $514,183.02. The trade was a 2.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Roku Price Performance

Shares of NASDAQ:ROKU opened at $77.38 on Friday. The company has a market capitalization of $11.24 billion, a P/E ratio of -64.48 and a beta of 2.06. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $99.80. The firm’s 50 day simple moving average is $75.39 and its two-hundred day simple moving average is $69.12.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping 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 company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted ($2.33) EPS. Roku’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on ROKU shares. Loop Capital increased their target price on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Morgan Stanley increased their price objective on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Wells Fargo & Company raised their price target on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Bank of America boosted 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 investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.81.

Institutional Trading of Roku

Several institutional investors have recently made changes to their positions in the business. Everence Capital Management Inc. purchased a new position in Roku in the 4th quarter worth approximately $350,000. Franklin Resources Inc. lifted its holdings in shares of Roku by 14.5% in the third quarter. Franklin Resources Inc. now owns 82,170 shares of the company’s stock worth $6,275,000 after buying an additional 10,416 shares in the last quarter. Sender Co & Partners Inc. bought a new position in shares of Roku during the third quarter worth $827,000. M&T Bank Corp grew its stake in Roku by 19.1% during the third quarter. M&T Bank Corp now owns 7,024 shares of the company’s stock valued at $525,000 after acquiring an additional 1,126 shares in the last quarter. Finally, Raelipskie Partnership bought a new stake in Roku in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

About Roku

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.