Roku, Inc. (NASDAQ:ROKU) CAO Sells $15,779.40 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 210 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $75.14, for a total value of $15,779.40. Following the completion of the sale, the chief accounting officer now owns 6,843 shares in the company, valued at $514,183.02. This represents a 2.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Roku Price Performance

Shares of ROKU opened at $77.38 on Monday. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $99.80. The stock’s 50-day moving average is $75.39 and its two-hundred day moving average is $69.24. The stock has a market cap of $11.24 billion, a PE ratio of -64.48 and a beta of 2.05.

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

Institutional Investors Weigh In On Roku

A number of large investors have recently added to or reduced their stakes in ROKU. Holocene Advisors LP acquired a new position in Roku in the 3rd quarter worth $129,015,000. Westfield Capital Management Co. LP lifted its stake in shares of Roku by 126.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock worth $114,646,000 after acquiring an additional 856,401 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Roku by 352.5% in the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after purchasing an additional 507,643 shares during the last quarter. JAT Capital Mgmt LP grew its stake in Roku by 470.2% during the 3rd quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company’s stock valued at $40,359,000 after purchasing an additional 445,777 shares in the last quarter. Finally, FMR LLC increased its holdings in Roku by 1.7% during the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after purchasing an additional 244,793 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on ROKU shares. Jefferies Financial Group reduced their target price on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. Wolfe Research upgraded shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price on the stock in a research report on Thursday, September 12th. Rosenblatt Securities boosted their price target on Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Wedbush restated an “outperform” rating and set a $100.00 price objective (up previously from $85.00) on shares of Roku in a report on Friday, December 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and an average price target of $83.81.

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.