Key Points
- Roku CEO Anthony Wood sold 18,000 shares on June 10 at an average price of $118.55, totaling about $2.13 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Roku’s latest quarterly results beat expectations, with EPS of $0.57 versus the $0.34 consensus and revenue of $1.25 billion versus the $1.20 billion estimate. Revenue rose 22.4% year over year.
- Wall Street remains broadly positive on Roku, with 22 Buy ratings and 4 Hold ratings, giving the stock a consensus Moderate Buy rating and an average price target of $145.50.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony Wood sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $118.55, for a total transaction of $2,133,900.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Roku Price Performance
ROKU opened at $119.64 on Friday. The company has a market cap of $17.64 billion, a price-to-earnings ratio of 89.96 and a beta of 2.06. The firm has a 50 day simple moving average of $117.76 and a 200 day simple moving average of $105.97. Roku, Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $133.46.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.23. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. Roku's revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) earnings per share. As a group, analysts expect that Roku, Inc. will post 2.41 EPS for the current year.
Institutional Investors Weigh In On Roku
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Roku by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,998,674 shares of the company's stock worth $1,301,557,000 after buying an additional 322,858 shares in the last quarter. AQR Capital Management LLC lifted its position in Roku by 10.6% during the 4th quarter. AQR Capital Management LLC now owns 2,860,149 shares of the company's stock worth $310,298,000 after buying an additional 274,024 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Roku by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 2,464,130 shares of the company's stock valued at $267,389,000 after buying an additional 168,214 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Roku by 229.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,038,347 shares of the company's stock valued at $192,868,000 after buying an additional 1,419,772 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in shares of Roku by 352.3% in the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company's stock valued at $165,259,000 after buying an additional 1,285,585 shares in the last quarter. 86.30% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have issued reports on ROKU. Stifel Nicolaus set a $160.00 target price on Roku in a report on Monday, March 2nd. UBS Group set a $170.00 target price on Roku in a report on Thursday, May 28th. Moffett Nathanson restated a "neutral" rating and set a $100.00 target price on shares of Roku in a report on Friday, February 13th. Robert W. Baird upped their price objective on shares of Roku from $130.00 to $160.00 and gave the company an "outperform" rating in a research report on Monday, May 11th. Finally, Oppenheimer upped their price objective on shares of Roku from $105.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Twenty-two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $145.50.
View Our Latest Report on Roku
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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