Mai Fyfield Sells 914 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) Director Mai Fyfield sold 914 shares of Roku stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.50, for a total value of $71,749.00. Following the transaction, the director now owns 4,374 shares of the company's stock, valued at $343,359. This represents a 17.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Roku Stock Up 1.4%

Shares of ROKU traded up $1.09 during mid-day trading on Monday, hitting $79.59. The stock had a trading volume of 2,987,249 shares, compared to its average volume of 3,831,249. The company's fifty day simple moving average is $65.78 and its two-hundred day simple moving average is $74.59. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The company has a market cap of $11.62 billion, a PE ratio of -89.43 and a beta of 2.09.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the company earned ($0.35) earnings per share. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. Equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Garde Capital Inc. acquired a new stake in Roku in the 1st quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in shares of Roku during the 4th quarter worth approximately $30,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Roku during the 1st quarter worth approximately $30,000. Banque Transatlantique SA acquired a new position in Roku during the first quarter valued at approximately $28,000. Finally, Golden State Wealth Management LLC lifted its stake in Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 86.30% of the company's stock.

Analyst Ratings Changes

ROKU has been the topic of several research reports. Compass Point started coverage on shares of Roku in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. JMP Securities reissued a "market outperform" rating and set a $95.00 target price on shares of Roku in a report on Monday, June 2nd. Wedbush dropped their price target 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. Loop Capital decreased their target price on Roku from $90.00 to $80.00 and set a "hold" rating for the company in a research note on Friday, May 2nd. Finally, Piper Sandler started coverage on shares of Roku in a research report on Thursday, April 17th. They issued a "neutral" rating and a $65.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.37.

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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