Roku, Inc. (NASDAQ:ROKU - Get Free Report) CEO Anthony Wood sold 25,000 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Roku Stock Up 2.6%
ROKU traded up $2.62 during mid-day trading on Friday, reaching $101.78. 3,823,539 shares of the company traded hands, compared to its average volume of 3,933,396. The stock has a market capitalization of $15.00 billion, a P/E ratio of -242.33, a P/E/G ratio of 13.77 and a beta of 2.05. The company's fifty day moving average price is $91.74 and its 200-day moving average price is $78.89. Roku, Inc. has a 52-week low of $52.43 and a 52-week high of $104.96.
Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.23. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American Trust bought a new position in shares of Roku during the 2nd quarter valued at about $213,000. Marex Group plc bought a new position in shares of Roku during the 2nd quarter valued at about $2,538,000. Advisory Services Network LLC boosted its holdings in shares of Roku by 5.5% during the 2nd quarter. Advisory Services Network LLC now owns 22,146 shares of the company's stock valued at $2,085,000 after purchasing an additional 1,162 shares during the last quarter. State of Wyoming lifted its holdings in shares of Roku by 353.3% in the 2nd quarter. State of Wyoming now owns 10,448 shares of the company's stock valued at $918,000 after acquiring an additional 8,143 shares during the last quarter. Finally, Hudson Bay Capital Management LP lifted its holdings in shares of Roku by 1,417.2% in the 2nd quarter. Hudson Bay Capital Management LP now owns 384,000 shares of the company's stock valued at $33,750,000 after acquiring an additional 358,690 shares during the last quarter. Institutional investors own 86.30% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on ROKU. UBS Group upped their price objective on Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Piper Sandler upped their price objective on Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Pivotal Research upped their price objective on Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wells Fargo & Company upped their price objective on Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Needham & Company LLC upped their target price on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $101.33.
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Roku Company Profile
(
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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