Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,243 shares of the company's stock, valued at $468,225. This represents a 80.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Roku Trading Down 1.7%
Shares of ROKU stock traded down $1.23 on Friday, hitting $71.57. 9,621,130 shares of the stock were exchanged, compared to its average volume of 3,807,930. The firm has a market capitalization of $10.45 billion, a PE ratio of -80.42 and a beta of 2.06. Roku, Inc. has a one year low of $48.33 and a one year high of $104.96. The firm's 50 day moving average is $65.51 and its two-hundred day moving average is $74.39.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.08. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.35) EPS. On average, sell-side analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on ROKU. Needham & Company LLC reaffirmed a "buy" rating and set a $88.50 target price on shares of Roku in a research report on Monday, May 12th. Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research report on Monday, April 7th. Wedbush lowered their price target on Roku from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Citigroup lowered their price target on Roku from $81.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Finally, Compass Point assumed coverage on Roku in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Roku presently has an average rating of "Moderate Buy" and an average target price of $87.93.
Get Our Latest Report on ROKU
Institutional Trading of Roku
A number of large investors have recently modified their holdings of ROKU. Geneos Wealth Management Inc. boosted its position in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of Roku during the 1st quarter valued at about $25,000. Banque Transatlantique SA bought a new stake in shares of Roku during the 1st quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in shares of Roku during the 4th quarter valued at about $30,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in shares of Roku during the 1st quarter valued at about $30,000. Institutional investors 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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