Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew C. Banks sold 206 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $57.28, for a total value of $11,799.68. Following the transaction, the chief accounting officer now directly owns 5,162 shares in the company, valued at approximately $295,679.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Roku Stock Performance
NASDAQ:ROKU opened at $59.11 on Friday. Roku, Inc. has a fifty-two week low of $51.62 and a fifty-two week high of $108.84. The company's 50-day simple moving average is $62.07 and its 200-day simple moving average is $78.13.
Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping analysts' consensus estimates of ($0.64) by $0.29. The business had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company's revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.38) earnings per share. On average, sell-side analysts predict that Roku, Inc. will post -1.87 earnings per share for the current fiscal year.
Institutional Trading of Roku
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in Roku by 209.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 105,339 shares of the company's stock worth $7,436,000 after buying an additional 71,257 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Roku by 68.0% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,400 shares of the company's stock worth $2,075,000 after buying an additional 11,900 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Roku by 147.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 14,924 shares of the company's stock worth $1,053,000 after acquiring an additional 8,890 shares during the period. Raymond James & Associates raised its position in Roku by 2.6% during the third quarter. Raymond James & Associates now owns 33,950 shares of the company's stock valued at $2,397,000 after acquiring an additional 869 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Roku by 5.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 135,479 shares of the company's stock valued at $9,563,000 after acquiring an additional 6,996 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of Roku in a report on Friday, April 26th. Citigroup lowered their target price on shares of Roku from $75.00 to $70.00 and set a "neutral" rating for the company in a research note on Tuesday. Seaport Res Ptn raised shares of Roku from a "neutral" rating to a "buy" rating in a research note on Monday, April 29th. Susquehanna decreased their price objective on shares of Roku from $110.00 to $80.00 and set a "positive" rating for the company in a report on Monday, April 29th. Finally, Wedbush dropped their target price on shares of Roku from $80.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Roku has a consensus rating of "Hold" and an average price target of $82.50.
Read Our Latest Stock Analysis on ROKU
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.
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