Roku, Inc. (NASDAQ:ROKU – Get Free Report) CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Roku Stock Performance
ROKU stock opened at $74.69 on Friday. The stock has a market cap of $10.81 billion, a P/E ratio of -18.72 and a beta of 2.06. The firm has a 50 day simple moving average of $61.88 and a 200 day simple moving average of $60.73. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84.
Roku (NASDAQ:ROKU – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.21. The business had revenue of $968.18 million during the quarter, compared to analyst estimates of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.76) EPS. Sell-side analysts predict that Roku, Inc. will post -1.45 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
ROKU has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on Roku from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday, August 23rd. Macquarie dropped their target price on shares of Roku from $88.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Roku in a research report on Friday, August 2nd. Finally, Rosenblatt Securities cut their price target on Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $78.25.
Read Our Latest Stock Report on ROKU
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.
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