Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew C. Banks sold 207 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $65.27, for a total value of $13,510.89. Following the completion of the sale, the chief accounting officer now owns 5,368 shares in the company, valued at approximately $350,369.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Roku Stock Performance
Roku stock opened at $62.22 on Thursday. The company's 50-day moving average price is $73.28 and its 200-day moving average price is $79.79. Roku, Inc. has a twelve month low of $51.62 and a twelve month high of $108.84.
Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share for the quarter, topping analysts' consensus estimates of ($0.65) by $0.10. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The firm had revenue of $984.40 million for the quarter, compared to the consensus estimate of $967.72 million. During the same period in the previous year, the firm posted ($1.70) EPS. The business's quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities analysts forecast that Roku, Inc. will post -2.16 EPS for the current year.
Analysts Set New Price Targets
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Several analysts recently weighed in on the company. Wedbush restated an "outperform" rating and issued a $120.00 price target on shares of Roku in a research note on Friday, February 16th. Seaport Res Ptn downgraded Roku from a "neutral" rating to a "sell" rating in a research note on Monday, December 18th. Oppenheimer downgraded Roku from an "outperform" rating to a "market perform" rating in a research note on Friday, February 16th. Wells Fargo & Company downgraded Roku from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $77.00 to $51.00 in a research note on Tuesday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Roku in a research note on Wednesday, February 21st. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $86.00.
Read Our Latest Analysis on ROKU
Hedge Funds Weigh In On Roku
Hedge funds have recently added to or reduced their stakes in the company. LM Advisors LLC bought a new position in Roku during the 4th quarter valued at about $27,000. GAMMA Investing LLC bought a new position in Roku during the 4th quarter valued at about $27,000. Creative Financial Designs Inc. ADV bought a new position in Roku during the 4th quarter valued at about $29,000. Covestor Ltd grew its holdings in Roku by 693.2% during the 1st quarter. Covestor Ltd now owns 349 shares of the company's stock valued at $44,000 after purchasing an additional 305 shares during the last quarter. Finally, Quarry LP bought a new position in Roku during the 2nd quarter valued at about $25,000. 86.30% of the stock is currently owned by institutional investors.
About Roku
(
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.
Further Reading
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