Key Points
- CEO Anthony Wood sold 75,000 shares on Jan. 12 at an average price of $109.61, totaling about $8.22 million, according to an SEC filing.
- Roku shares opened at $107.55 and were trading down ~2.7%; analysts hold a consensus "Moderate Buy" rating with a mean price target of $119.32.
- Roku reported quarterly EPS of $0.16 (beating estimates) and revenue up 14% to $1.21 billion, but the company still posts negative margins and analysts forecast roughly -0.3 EPS for the fiscal year.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony Wood sold 75,000 shares of the firm's stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $109.61, for a total value of $8,220,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Roku Trading Down 2.7%
Shares of Roku stock opened at $107.55 on Thursday. The stock has a 50 day moving average of $104.31 and a 200 day moving average of $97.77. Roku, Inc. has a 12 month low of $52.43 and a 12 month high of $116.66. The firm has a market cap of $15.89 billion, a PE ratio of -537.72 and a beta of 1.95.
Roku (NASDAQ:ROKU - Get Free Report) last released 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The company's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) EPS. As a group, equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Wells Fargo & Company restated an "overweight" rating on shares of Roku in a report on Monday, January 5th. Piper Sandler upgraded Roku from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $88.00 to $135.00 in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their price objective on Roku from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, December 12th. KeyCorp reaffirmed an "overweight" rating and issued a $116.00 price objective on shares of Roku in a research note on Tuesday, October 28th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $145.00 target price on shares of Roku in a report on Thursday, October 2nd. Twenty-three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.32.
Read Our Latest Stock Report on Roku
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Empowered Funds LLC lifted its stake in shares of Roku by 18.6% during the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company's stock worth $232,000 after acquiring an additional 515 shares during the last quarter. Focus Partners Wealth purchased a new stake in Roku in the first quarter worth $229,000. Voya Investment Management LLC lifted its position in shares of Roku by 5.4% during the first quarter. Voya Investment Management LLC now owns 40,288 shares of the company's stock worth $2,838,000 after purchasing an additional 2,062 shares during the last quarter. Aaron Wealth Advisors LLC bought a new stake in shares of Roku during the second quarter worth $259,000. Finally, Westbourne Investments Inc. purchased a new stake in shares of Roku during the second quarter valued at $439,000. Hedge funds and other institutional investors own 86.30% of the company's stock.
Roku Company Profile
(
Get Free Report)
Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company's platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.
At the core of Roku's product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.
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