Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks Sells 211 Shares

by · The Cerbat Gem

Roku, Inc. (NASDAQ:ROKU – Get Free Report) CAO Matthew C. Banks sold 211 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $75.66, for a total transaction of $15,964.26. Following the completion of the transaction, the chief accounting officer now owns 7,053 shares of the company’s stock, valued at $533,629.98. The sale was disclosed in a filing with the SEC, which is available at this link.

Roku Stock Performance

Shares of ROKU stock opened at $75.45 on Friday. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The company’s 50-day moving average is $65.66 and its 200 day moving average is $61.83. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of -18.91 and a beta of 2.06.

Roku (NASDAQ:ROKU – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The firm had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.76) EPS. As a group, research analysts predict that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Institutional Trading of Roku

Institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its holdings in shares of Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 266 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Roku by 43.5% during the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Roku by 835.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after acquiring an additional 610 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new position in shares of Roku in the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday, August 23rd. Wolfe Research upgraded shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a report on Thursday, September 12th. Robert W. Baird upped their price objective on shares of Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. upped their target price on shares of Roku from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Roku in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.14.

Read Our Latest Stock 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.

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