Roku Sees Unusually Large Options Volume (NASDAQ:ROKU)

Roku, Inc. (NASDAQ:ROKU) was the recipient of unusually large options trading on Monday. Traders acquired 52,887 call options on the company. This is an increase of approximately 64% compared to the average daily volume of 32,308 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ROKU shares. Piper Sandler boosted their price objective on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Macquarie reissued an “outperform” rating and issued a $90.00 price objective on shares of Roku in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $105.00 price objective on shares of Roku in a report on Thursday, September 12th. Citigroup boosted their price objective on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, UBS Group assumed coverage on Roku in a research note on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and a consensus target price of $82.62.

Insider Transactions at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares of the company’s stock, valued at approximately $376,500. The trade was a 83.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 15,454 shares of Roku stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,159,050.00. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $15,000. This represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,240 shares of company stock valued at $6,729,582 in the last quarter. 13.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. GS Investments Inc. boosted its holdings in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares during the last quarter. PFG Investments LLC lifted its holdings in Roku by 3.7% in the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after acquiring an additional 150 shares during the last quarter. True Vision MN LLC lifted its holdings in Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after acquiring an additional 152 shares during the last quarter. Mcdonald Partners LLC lifted its holdings in Roku by 0.9% in the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock valued at $1,175,000 after acquiring an additional 175 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Roku by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after acquiring an additional 202 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Stock Up 11.6 %

Shares of Roku stock traded up $8.02 on Monday, hitting $77.05. 8,206,365 shares of the company were exchanged, compared to its average volume of 4,414,370. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of -57.52 and a beta of 2.07. The company has a 50-day moving average price of $73.63 and a 200 day moving average price of $65.38. Roku has a 1-year low of $48.33 and a 1-year high of $108.84.

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. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.33) EPS. Research analysts forecast that Roku will post -1.1 EPS for the current year.

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.