Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks Sells 207 Shares of Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 207 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $70.77, for a total transaction of $14,649.39. Following the completion of the sale, the chief accounting officer now owns 7,049 shares of the company’s stock, valued at approximately $498,857.73. This represents a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Roku Stock Up 1.2 %

Shares of ROKU opened at $71.42 on Thursday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The stock has a market cap of $10.42 billion, a PE ratio of -80.25 and a beta of 2.17. The business’s 50-day moving average price is $80.64 and its 200-day moving average price is $77.62.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. FBN Securities assumed coverage on shares of Roku in a research report on Friday, March 28th. They issued an “outperform” rating and a $93.00 price objective for the company. Compass Point initiated coverage on Roku in a report on Sunday, March 23rd. They issued a “buy” rating for the company. Pivotal Research upgraded Roku from a “hold” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $125.00 in a report on Friday, February 14th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $70.00 price objective for the company in a research note on Tuesday, March 4th. Finally, Citizens Jmp upgraded Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.55.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently made changes to their positions in ROKU. Geneos Wealth Management Inc. increased its stake in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of Roku in the fourth quarter worth approximately $30,000. Raelipskie Partnership purchased a new stake in Roku in the third quarter valued at approximately $32,000. Game Plan Financial Advisors LLC bought a new stake in Roku during the fourth quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd grew its stake in Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after buying an additional 491 shares in the last quarter. 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.