Matthew C. Banks Sells 210 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 210 shares of Roku stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $75.14, for a total transaction of $15,779.40. Following the sale, the chief accounting officer now owns 6,843 shares in the company, valued at approximately $514,183.02. The trade was a 2.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Roku Trading Up 3.9 %

Shares of ROKU stock traded up $2.89 on Friday, reaching $77.38. 2,632,756 shares of the company’s stock were exchanged, compared to its average volume of 2,285,778. The company’s fifty day simple moving average is $75.35 and its 200 day simple moving average is $68.96. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $99.80. The stock has a market capitalization of $11.24 billion, a PE ratio of -64.48 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted ($2.33) earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, sell-side analysts predict that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Institutional Trading of Roku

Large investors have recently modified their holdings of the company. Raelipskie Partnership bought a new position in shares of Roku during the 3rd quarter worth $32,000. Future Financial Wealth Managment LLC purchased a new stake in Roku in the third quarter worth about $43,000. GS Investments Inc. grew its holdings in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the period. Finally, Cedar Wealth Management LLC bought a new stake in shares of Roku in the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ROKU shares. JPMorgan Chase & Co. lifted their price target on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Benchmark reissued a “buy” rating and set a $105.00 price target on shares of Roku in a research note on Thursday, September 12th. Bank of America lifted their price objective on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 target price for the company in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $83.81.

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.