Matthew C. Banks Sells 1,906 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at approximately $583,092.16. This trade represents a 20.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Roku Trading Up 5.8 %

ROKU stock traded up $4.66 during trading hours on Wednesday, hitting $85.07. 4,805,978 shares of the stock traded hands, compared to its average volume of 3,707,608. The stock has a 50-day simple moving average of $82.19 and a 200 day simple moving average of $76.66. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The company has a market cap of $12.42 billion, a P/E ratio of -95.58 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.15 billion. Analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Hedge Funds Weigh In On Roku

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in shares of Roku by 15.7% during the third quarter. US Bancorp DE now owns 3,090 shares of the company's stock worth $231,000 after buying an additional 420 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Roku by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,806 shares of the company's stock worth $657,000 after buying an additional 524 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Roku in the 3rd quarter valued at $214,000. United Advisor Group LLC acquired a new stake in shares of Roku during the third quarter worth approximately $1,068,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Roku during the 3rd quarter worth about $274,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Roku in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their target price on Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Bank of America upped their price target on shares of Roku from $90.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Benchmark lifted their target price on Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.71.

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.

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