Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks Sells 207 Shares

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 207 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $70.77, for a total transaction of $14,649.39. Following the completion of the sale, the chief accounting officer now directly owns 7,049 shares of the company’s stock, valued at $498,857.73. The trade was a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Roku Price Performance

Roku stock traded up $0.82 during trading hours on Wednesday, hitting $71.42. The stock had a trading volume of 2,941,266 shares, compared to its average volume of 3,707,217. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of -80.25 and a beta of 2.12. Roku, Inc. has a 1-year low of $48.33 and a 1-year high of $104.96. The stock’s fifty day moving average is $80.80 and its two-hundred day moving average is $77.67.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, sell-side analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

ROKU has been the topic of several research reports. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and upped their target price for the company from $65.00 to $125.00 in a research report on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Roku in a research report on Monday, March 24th. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. JMP Securities raised their price objective on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Finally, UBS Group raised Roku from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.55.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Roku by 19.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock valued at $463,000 after acquiring an additional 1,024 shares during the last quarter. Audent Global Asset Management LLC raised its position in shares of Roku by 222.9% in the 4th quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock valued at $1,571,000 after purchasing an additional 14,584 shares in the last quarter. Siemens Fonds Invest GmbH bought a new position in Roku during the 4th quarter valued at $1,681,000. Fluent Financial LLC acquired a new position in Roku in the fourth quarter worth about $660,000. Finally, United Advisor Group LLC increased its holdings in shares of Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock valued at $1,073,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.