Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks Sells 8,693 Shares

Roku, Inc. (NASDAQ:ROKUGet Free Report) CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the sale, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Roku Trading Down 6.7 %

ROKU stock opened at $68.71 on Thursday. The firm has a 50 day moving average of $74.69 and a 200-day moving average of $64.94. The firm has a market capitalization of $9.98 billion, a P/E ratio of -57.26 and a beta of 2.07. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned ($2.33) EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Sell-side analysts predict that Roku, Inc. will post -1.1 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ROKU. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Tuesday, October 1st. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $70.00 to $90.00 in a research note on Monday. Macquarie reiterated an “outperform” rating and set a $90.00 target price on shares of Roku in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and set a $105.00 price target on shares of Roku in a research report on Thursday, September 12th. Finally, Loop Capital lifted their price objective on shares of Roku from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.67.

Check Out Our Latest Analysis on ROKU

Hedge Funds Weigh In On Roku

A number of institutional investors have recently added to or reduced their stakes in ROKU. Sender Co & Partners Inc. bought a new stake in shares of Roku during the 3rd quarter valued at about $827,000. M&T Bank Corp raised its stake in Roku by 19.1% in the third quarter. M&T Bank Corp now owns 7,024 shares of the company’s stock valued at $525,000 after purchasing an additional 1,126 shares in the last quarter. Raelipskie Partnership bought a new stake in Roku during the third quarter valued at approximately $32,000. Nomura Asset Management Co. Ltd. grew its stake in Roku by 14.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 36,420 shares of the company’s stock worth $2,719,000 after buying an additional 4,500 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Roku by 9.8% in the 3rd quarter. MML Investors Services LLC now owns 10,592 shares of the company’s stock worth $791,000 after buying an additional 948 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

Roku Company Profile

(Get Free Report)

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.

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