Roku, Inc. (NASDAQ:ROKU) CEO Sells $2,066,000.00 in Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This represents a 48.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Roku Stock Performance

Roku stock opened at $82.99 on Friday. The firm has a market capitalization of $12.05 billion, a PE ratio of -69.16 and a beta of 2.06. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The stock’s 50 day moving average price is $75.00 and its 200 day moving average price is $66.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.33) earnings per share. On average, analysts forecast that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raelipskie Partnership acquired a new position in shares of Roku in the third quarter worth about $32,000. EverSource Wealth Advisors LLC increased its holdings in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Roku during the 3rd quarter worth approximately $43,000. GS Investments Inc. raised its position in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares in the last quarter. Finally, Cedar Wealth Management LLC purchased a new position in shares of Roku during the 2nd quarter valued at approximately $48,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Macquarie reissued an “outperform” rating and set a $90.00 price target on shares of Roku in a research note on Thursday, October 31st. Morgan Stanley raised their price target on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a research note on Thursday, September 12th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their target price on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.81.

Roku Company Profile

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.