Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $80.27, for a total value of $2,006,750.00. Following the sale, the chief executive officer now directly owns 11,953 shares in the company, valued at approximately $959,467.31. The trade was a 67.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Roku Stock Down 2.2%
Roku stock traded down $1.72 during trading hours on Friday, hitting $75.03. The stock had a trading volume of 280,360 shares, compared to its average volume of 3,820,028. The stock's 50-day moving average price is $67.07 and its 200-day moving average price is $74.73. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $104.96. The stock has a market capitalization of $10.95 billion, a P/E ratio of -84.25 and a beta of 2.09.
Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.08. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.35) earnings per share. On average, research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on ROKU. Benchmark reaffirmed a "buy" rating and issued a $130.00 price target on shares of Roku in a research note on Friday, May 2nd. Compass Point assumed coverage on shares of Roku in a research note on Sunday, March 23rd. They issued a "buy" rating on the stock. UBS Group lowered their target price on Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Moffett Nathanson upgraded Roku from a "sell" rating to a "neutral" rating and set a $70.00 price objective for the company in a research report on Tuesday, March 4th. Finally, Bank of America assumed coverage on Roku in a research note on Thursday, March 27th. They issued a "buy" rating and a $100.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.37.
Get Our Latest Analysis on Roku
Institutional Investors Weigh In On Roku
A number of institutional investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of Roku by 31.7% in the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after buying an additional 4,613,570 shares in the last quarter. Vanguard Group Inc. lifted its stake in Roku by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock worth $880,753,000 after purchasing an additional 254,504 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Roku by 663.9% during the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after purchasing an additional 2,030,036 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Roku by 10.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock valued at $168,734,000 after purchasing an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after purchasing an additional 56,820 shares during the last quarter. Hedge funds and other 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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