Matthew C. Banks Sells 208 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 208 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $13,393.12. Following the transaction, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $467,728.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Roku Stock Performance

Shares of ROKU opened at $64.37 on Friday. The business’s fifty day moving average price is $61.00 and its two-hundred day moving average price is $60.60. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of -16.13 and a beta of 2.06. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $108.84.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.21. The firm had revenue of $968.18 million during the quarter, compared to analysts’ expectations of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.76) EPS. As a group, research analysts forecast that Roku, Inc. will post -1.45 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on ROKU shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Roku in a research report on Thursday, June 20th. Benchmark restated a “buy” rating and issued a $105.00 price objective on shares of Roku in a research note on Friday, August 2nd. Wells Fargo & Company upgraded shares of Roku from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $50.00 to $72.00 in a research note on Thursday. Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, August 23rd. Finally, Rosenblatt Securities decreased their price target on shares of Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $79.00.

Hedge Funds Weigh In On Roku

Several hedge funds have recently added to or reduced their stakes in the stock. Quarry LP raised its holdings in Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after purchasing an additional 266 shares during the period. Benjamin Edwards Inc. lifted its position in Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares during the period. Geneos Wealth Management Inc. increased its holdings in Roku by 835.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after purchasing an additional 610 shares in the last quarter. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Roku in the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Company Profile

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.