Roku Sees Unusually High Options Volume (NASDAQ:ROKU)

Roku, Inc. (NASDAQ:ROKU) was the recipient of unusually large options trading on Friday. Stock traders purchased 50,458 call options on the company. This represents an increase of 55% compared to the average volume of 32,533 call options.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares in the company, valued at approximately $4,087,933.11. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the transaction, the chief financial officer now directly owns 54,267 shares in the company, valued at approximately $4,087,933.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the transaction, the insider now directly owns 38,602 shares in the company, valued at $2,485,582.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,566 shares of company stock valued at $5,254,000 over the last 90 days. Company insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. increased its position in Roku by 43.5% during the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after buying an additional 187 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Roku during the third quarter valued at about $43,000. Geneos Wealth Management Inc. raised its position in shares of Roku by 835.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after purchasing an additional 610 shares during the last quarter. Finally, Cedar Wealth Management LLC acquired a new stake in Roku in the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ROKU. Rosenblatt Securities cut their target price on Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a report on Thursday, September 12th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Roku in a research report on Friday, September 13th. Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Tuesday, October 1st. Finally, Robert W. Baird increased their price target on Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $81.24.

Roku Price Performance

Shares of ROKU stock traded up $1.84 during mid-day trading on Friday, hitting $78.79. The stock had a trading volume of 1,331,785 shares, compared to its average volume of 4,385,007. Roku has a 12-month low of $48.33 and a 12-month high of $108.84. The firm’s 50-day moving average is $70.03 and its two-hundred day moving average is $62.72. The firm has a market capitalization of $11.40 billion, a P/E ratio of -22.90 and a beta of 2.08.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. The company had revenue of $968.18 million during the quarter, compared to analyst estimates of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.76) earnings per share. Analysts expect that Roku will post -1.44 EPS for the current year.

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.