Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew C. Banks sold 207 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $70.77, for a total transaction of $14,649.39. Following the completion of the transaction, the chief accounting officer now owns 7,049 shares of the company's stock, valued at $498,857.73. This represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Roku Price Performance
Roku stock traded down $5.00 during trading hours on Friday, hitting $55.26. The company had a trading volume of 6,926,601 shares, compared to its average volume of 3,739,803. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm has a market capitalization of $8.06 billion, a P/E ratio of -62.09 and a beta of 2.17. The firm's fifty day moving average is $80.17 and its 200-day moving average is $77.50.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.
Institutional Investors Weigh In On Roku
Several institutional investors have recently made changes to their positions in ROKU. Versant Capital Management Inc lifted its stake in Roku by 283.2% in the first quarter. Versant Capital Management Inc now owns 3,644 shares of the company's stock valued at $257,000 after acquiring an additional 2,693 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Roku in the 1st quarter valued at $469,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Roku by 19.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company's stock worth $463,000 after acquiring an additional 1,024 shares in the last quarter. Audent Global Asset Management LLC boosted its position in Roku by 222.9% during the fourth quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company's stock worth $1,571,000 after purchasing an additional 14,584 shares during the period. Finally, Siemens Fonds Invest GmbH acquired a new position in Roku during the fourth quarter valued at approximately $1,681,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have issued reports on ROKU. Citizens Jmp raised Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. Wedbush reaffirmed an "outperform" rating and set a $100.00 target price on shares of Roku in a report on Monday, February 10th. FBN Securities initiated coverage on shares of Roku in a research report on Friday, March 28th. They set an "outperform" rating and a $93.00 price objective for the company. Loop Capital boosted their target price on shares of Roku from $70.00 to $80.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $86.00 target price on shares of Roku in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Roku currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.55.
Get Our Latest Analysis on Roku
Roku Company Profile
(
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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