Key Points
- Anthony Wood sold 25,000 shares on December 11 at an average price of $110.32, generating about $2.758 million, according to an SEC filing.
- Roku's most recent quarter (reported Oct. 30) delivered $0.16 EPS versus a $0.07 consensus and $1.21 billion in revenue (up 14% year-over-year), but the company still reported a negative net margin and negative return on equity.
- Analysts hold a “Moderate Buy” consensus with a $116.09 average target; the stock opened at $107.47 and is trading near its 52‑week high of $116.66, while institutional investors own about 86.3% of the shares.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony Wood sold 25,000 shares of the firm's stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $110.32, for a total value of $2,758,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Roku Stock Up 1.1%
NASDAQ ROKU opened at $107.47 on Friday. The company has a 50-day moving average price of $99.18 and a 200-day moving average price of $92.55. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66. The firm has a market capitalization of $15.88 billion, a P/E ratio of -537.32 and a beta of 1.98.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The firm's revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) earnings per share. As a group, equities research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Benchmark reiterated a "buy" rating on shares of Roku in a research report on Monday, October 27th. Rosenblatt Securities lifted their price objective on Roku from $101.00 to $106.00 and gave the company a "neutral" rating in a research report on Friday, October 31st. Wells Fargo & Company boosted their price objective on Roku from $113.00 to $116.00 and gave the company an "overweight" rating in a research note on Friday, October 31st. Susquehanna restated a "positive" rating and set a $130.00 target price on shares of Roku in a research note on Friday, October 31st. Finally, KeyCorp reiterated an "overweight" rating and issued a $116.00 price target on shares of Roku in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Roku has a consensus rating of "Moderate Buy" and a consensus target price of $116.09.
View Our Latest Stock Report on Roku
Institutional Investors Weigh In On Roku
Several institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Roku by 3.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,028,332 shares of the company's stock worth $72,436,000 after buying an additional 37,465 shares in the last quarter. Invesco Ltd. increased its holdings in Roku by 2.5% in the 1st quarter. Invesco Ltd. now owns 262,892 shares of the company's stock valued at $18,518,000 after acquiring an additional 6,471 shares during the last quarter. Nuveen LLC purchased a new stake in Roku in the 1st quarter worth $22,601,000. Westpac Banking Corp bought a new position in shares of Roku during the 1st quarter valued at about $45,000. Finally, Resona Asset Management Co. Ltd. boosted its holdings in shares of Roku by 3.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 37,392 shares of the company's stock valued at $2,643,000 after purchasing an additional 1,274 shares during the last quarter. Institutional investors own 86.30% of the company's stock.
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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