Roku (NASDAQ:ROKU) SVP Sells $381,652.74 in Stock

Roku, Inc. (NASDAQ:ROKU) SVP Christopher Handman sold 2,999 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $127.26, for a total transaction of $381,652.74. Following the completion of the transaction, the senior vice president directly owned 5,998 shares of the company’s stock, valued at approximately $763,305.48. The trade was a 33.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roku Trading Down 2.7%

Shares of NASDAQ ROKU opened at $122.26 on Friday. The firm has a market cap of $18.02 billion, a PE ratio of 91.93 and a beta of 2.06. Roku, Inc. has a 1-year low of $73.91 and a 1-year high of $133.46. The company has a fifty day moving average price of $115.32 and a 200 day moving average price of $105.15.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) EPS. Equities research analysts forecast that Roku, Inc. will post 2.41 EPS for the current year.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand its free ad-supported streaming lineup, adding new channels including Sports Illustrated and FIFA Plus, plus four more free channels in June. That supports engagement on The Roku Channel and could improve ad inventory and viewing time. Article Title
• Positive Sentiment: The company also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, which may help drive device sales and keep Roku’s ecosystem competitive. Article Title
• Positive Sentiment: Roku has been benefiting from a bullish narrative around its growing household reach and stronger live-sports positioning, which investors may see as supportive of future ad and platform revenue. Article Title

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Needham & Company LLC increased their price objective on shares of Roku from $110.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. UBS Group set a $170.00 price objective on shares of Roku in a research note on Thursday, May 28th. Wedbush increased their price objective on shares of Roku from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Zacks Research downgraded shares of Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Twenty-two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.29.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently modified their holdings of ROKU. Blue Trust Inc. raised its holdings in shares of Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the period. Aventura Private Wealth LLC bought a new stake in shares of Roku in the 4th quarter valued at about $26,000. Bayban raised its holdings in shares of Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the period. WPG Advisers LLC bought a new stake in shares of Roku in the 4th quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Roku in the 4th quarter valued at about $31,000. 86.30% of the stock is owned by institutional investors.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.