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 the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at approximately $2,116,936.26. The trade was a 48.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Roku Stock Down 3.2 %

NASDAQ ROKU opened at $76.66 on Tuesday. The stock has a market capitalization of $11.13 billion, a P/E ratio of -63.88 and a beta of 2.05. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $99.80. The firm has a 50-day moving average price of $76.45 and a 200 day moving average price of $70.39.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during 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 firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted ($2.33) earnings per share. On average, equities research analysts expect that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upped their price objective on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Piper Sandler upped their price objective on shares of Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Loop Capital upped their price objective on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Bank of America upped their price objective on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roku has an average rating of “Hold” and a consensus target price of $82.62.

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.