Key Points
- Roku director Neil Hunt sold 2,000 shares on December 1 at an average price of $96.18, cutting his stake by 20.45% to 7,782 shares, according to an SEC filing.
- Roku beat Q3 EPS estimates ($0.16 vs. $0.07) with revenue of $1.21B (up 14% YoY) but still reports negative net margin and ROE; analysts are largely bullish with an average price target of $112.68 and institutions owning about 86.3% of the stock.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew Banks sold 731 shares of the business's stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $95.64, for a total value of $69,912.84. Following the completion of the sale, the chief accounting officer owned 6,554 shares of the company's stock, valued at $626,824.56. The trade was a 10.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Roku Stock Down 0.5%
Shares of ROKU opened at $92.53 on Thursday. The stock has a market capitalization of $13.67 billion, a P/E ratio of -467.97 and a beta of 1.98. Roku, Inc. has a twelve month low of $52.43 and a twelve month high of $116.66. The firm has a fifty day simple moving average of $98.94 and a two-hundred day simple moving average of $91.09.
Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted ($0.06) earnings per share. Roku's revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.
Institutional Investors Weigh In On Roku
Institutional investors have recently made changes to their positions in the company. Banque Transatlantique SA bought a new stake in shares of Roku during the first quarter valued at approximately $28,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Roku in the 1st quarter worth $30,000. Westfuller Advisors LLC purchased a new position in shares of Roku in the third quarter worth $30,000. Root Financial Partners LLC purchased a new position in shares of Roku in the third quarter worth $33,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company's stock valued at $39,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on ROKU shares. JMP Securities reiterated a "market outperform" rating and issued a $145.00 price target on shares of Roku in a report on Thursday, October 2nd. Wedbush restated an "outperform" rating and issued a $110.00 price objective on shares of Roku in a report on Monday, October 27th. Evercore ISI reiterated a "positive" rating on shares of Roku in a report on Friday, October 31st. Wall Street Zen cut Roku from a "buy" rating to a "hold" rating in a research note on Saturday, November 29th. Finally, Citizens Jmp reiterated a "market outperform" rating and issued a $145.00 price objective on shares of Roku in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $113.14.
Get Our Latest Research Report 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.
Further Reading
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