Anthony J. Wood Sells 4,600 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 4,600 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,243 shares of the company’s stock, valued at $468,225. The trade was a 42.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Roku Stock Up 6.1 %

Shares of Roku stock opened at $78.29 on Friday. Roku, Inc. has a twelve month low of $48.33 and a twelve month high of $104.96. The business has a 50-day moving average price of $80.89 and a 200 day moving average price of $77.22. The firm has a market cap of $11.43 billion, a PE ratio of -87.97 and a beta of 2.12.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Institutional Investors Weigh In On Roku

Institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in Roku in the 4th quarter worth about $30,000. Raelipskie Partnership acquired a new stake in Roku in the 3rd quarter worth about $32,000. Game Plan Financial Advisors LLC acquired a new stake in Roku in the 4th quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after buying an additional 491 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $55.00 to $100.00 in a research report on Thursday, February 20th. Rosenblatt Securities restated a “neutral” rating and issued a $86.00 target price on shares of Roku in a research note on Thursday, February 13th. Bank of America raised their target price on Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price for the company in a research note on Tuesday, March 4th. Finally, Benchmark raised their target price on Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Roku has a consensus rating of “Moderate Buy” and a consensus target price of $96.71.

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.