Insider Selling: Roku, Inc. (NASDAQ:ROKU) CAO Sells $13,305.60 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 210 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $63.36, for a total value of $13,305.60. Following the transaction, the chief accounting officer now directly owns 6,843 shares of the company’s stock, valued at $433,572.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Roku Stock Up 3.7 %

NASDAQ:ROKU opened at $72.27 on Thursday. The firm has a market capitalization of $10.46 billion, a P/E ratio of -60.22 and a beta of 2.07. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84. The company has a fifty day moving average of $73.28 and a 200 day moving average of $64.00.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.33) earnings per share. As a group, analysts anticipate that Roku, Inc. will post -1.1 EPS for the current year.

Institutional Investors Weigh In On Roku

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Roku during the 3rd quarter valued at $43,000. Geneos Wealth Management Inc. raised its holdings in Roku by 835.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after purchasing an additional 610 shares in the last quarter. Cedar Wealth Management LLC bought a new stake in shares of Roku during the 2nd quarter valued at about $48,000. Finally, Natixis bought a new stake in shares of Roku during the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Wells Fargo & Company lifted their price objective on shares of Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley increased their target price on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Citigroup lifted their price target on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, Wolfe Research upgraded 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. Two equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $83.95.

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.