Roku (NASDAQ:ROKU) CAO Matthew Banks Sells 2,180 Shares

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 2,180 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $97.85, for a total transaction of $213,313.00. Following the sale, the chief accounting officer directly owned 5,355 shares of the company’s stock, valued at approximately $523,986.75. The trade was a 28.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Roku Price Performance

Shares of ROKU stock opened at $95.24 on Friday. Roku, Inc. has a 1 year low of $52.43 and a 1 year high of $104.96. The firm has a fifty day moving average price of $90.15 and a 200-day moving average price of $78.18. The company has a market cap of $14.03 billion, a price-to-earnings ratio of -226.76, a PEG ratio of 13.33 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted ($0.18) EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ROKU shares. Needham & Company LLC lifted their target price on shares of Roku from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 1st. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Roku in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. lifted their target price on shares of Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Guggenheim lifted their target price on shares of Roku from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Bank of America lifted their target price on shares of Roku from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.96.

Institutional Trading of Roku

Several hedge funds have recently bought and sold shares of the stock. United Advisor Group LLC lifted its stake in Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Roku by 0.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company’s stock worth $1,369,000 after purchasing an additional 142 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after purchasing an additional 158 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Roku by 1.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company’s stock worth $1,097,000 after purchasing an additional 160 shares in the last quarter. Finally, True Vision MN LLC lifted its stake in Roku by 3.3% in the 2nd quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock worth $487,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Company Profile

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.