Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood Sells 25,000 Shares

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $77.20, for a total value of $1,930,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares in the company, valued at approximately $387,544. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Roku Price Performance

Shares of NASDAQ ROKU traded up $1.00 during mid-day trading on Friday, hitting $78.37. The company had a trading volume of 2,208,713 shares, compared to its average volume of 4,433,896. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of -22.59 and a beta of 2.08. Roku, Inc. has a 12 month low of $48.33 and a 12 month high of $108.84. The firm’s 50 day simple moving average is $68.10 and its two-hundred day simple moving average is $62.38.

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

Institutional Trading of Roku

Several hedge funds have recently added to or reduced their stakes in ROKU. Benjamin Edwards Inc. raised its stake in 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 in the last quarter. Quarry LP raised its stake in 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Roku in the 3rd quarter worth $43,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Roku by 835.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after buying an additional 610 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target on the stock in a research note on Tuesday, October 1st. Rosenblatt Securities decreased their target price on Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target for the company in a report on Thursday, September 12th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Friday, September 13th. Finally, Wells Fargo & Company upgraded Roku from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $50.00 to $72.00 in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $81.24.

About Roku

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.