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, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the transaction, the chief executive officer now owns 6,243 shares in the company, valued at approximately $468,225. This represents a 80.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Roku Price Performance
ROKU stock traded up $0.55 during midday trading on Monday, hitting $73.01. 2,494,801 shares of the stock traded hands, compared to its average volume of 3,806,063. The firm has a market cap of $10.66 billion, a P/E ratio of -82.03 and a beta of 2.06. The stock's fifty day simple moving average is $65.41 and its 200-day simple moving average is $74.42. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96.
Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.08. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.35) earnings per share. On average, research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on ROKU. Wedbush dropped their price objective on shares of Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. JMP Securities reissued a "market outperform" rating and set a $95.00 target price on shares of Roku in a research report on Monday. FBN Securities started coverage on shares of Roku in a research report on Friday, March 28th. They set an "outperform" rating and a $93.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Roku from $115.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Benchmark reissued a "buy" rating and set a $130.00 target price on shares of Roku in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.93.
Read Our Latest Research Report on Roku
Institutional Trading of Roku
Several institutional investors have recently modified their holdings of ROKU. Geneos Wealth Management Inc. grew its position in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares during the period. Garde Capital Inc. acquired a new position in Roku during the first quarter worth about $25,000. Banque Transatlantique SA acquired a new position in Roku during the first quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in Roku during the fourth quarter worth about $30,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in Roku during the first quarter worth about $30,000. Institutional investors and hedge funds own 86.30% of the company's stock.
About Roku
(
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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