Roku, Inc. (NASDAQ:ROKU – Get Free Report) CAO Matthew C. Banks sold 208 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $70.20, for a total value of $14,601.60. Following the completion of the transaction, the chief accounting officer now owns 5,604 shares of the company’s stock, valued at $393,400.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Roku Stock Up 2.2 %
ROKU traded up $1.52 during trading hours on Wednesday, reaching $70.17. The company’s stock had a trading volume of 4,567,748 shares, compared to its average volume of 8,003,425. Roku, Inc. has a 52 week low of $38.26 and a 52 week high of $98.44. The company’s 50-day moving average is $79.12 and its 200-day moving average is $68.66.
Roku (NASDAQ:ROKU – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The company reported ($0.76) earnings per share for the quarter, topping the consensus estimate of ($1.28) by $0.52. The firm had revenue of $847.20 million for the quarter, compared to analysts’ expectations of $774.65 million. Roku had a negative return on equity of 25.15% and a negative net margin of 20.54%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.82) EPS. As a group, research analysts expect that Roku, Inc. will post -5.16 earnings per share for the current year.
Analyst Upgrades and Downgrades
ROKU has been the subject of a number of recent research reports. Wedbush upped their price target on Roku from $93.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, September 7th. Susquehanna reaffirmed a “positive” rating and set a $95.00 price target on shares of Roku in a research report on Thursday, September 7th. Truist Financial reaffirmed a “hold” rating and set a $80.00 price target on shares of Roku in a research report on Wednesday, September 6th. Raymond James initiated coverage on Roku in a research report on Wednesday, September 27th. They set a “market perform” rating for the company. Finally, Needham & Company LLC upped their price target on Roku from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Roku presently has an average rating of “Hold” and an average target price of $81.00.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its position in Roku by 172.2% during the 4th quarter. Two Sigma Advisers LP now owns 632,600 shares of the company’s stock worth $25,747,000 after buying an additional 400,200 shares during the period. Harbor Capital Advisors Inc. increased its position in Roku by 20.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,052 shares of the company’s stock worth $195,000 after buying an additional 513 shares during the period. Raymond James & Associates grew its holdings in shares of Roku by 3.8% during the 1st quarter. Raymond James & Associates now owns 34,366 shares of the company’s stock worth $2,262,000 after purchasing an additional 1,253 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Roku by 8.5% during the 1st quarter. Maryland State Retirement & Pension System now owns 9,629 shares of the company’s stock worth $634,000 after purchasing an additional 755 shares in the last quarter. Finally, ExodusPoint Capital Management LP grew its holdings in shares of Roku by 34.5% during the 4th quarter. ExodusPoint Capital Management LP now owns 51,577 shares of the company’s stock worth $2,099,000 after purchasing an additional 13,244 shares in the last quarter. Institutional investors own 69.21% of the company’s stock.
Roku Company Profile
Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.