Matthew C. Banks Sells 206 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 206 shares of Roku stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $57.28, for a total value of $11,799.68. Following the sale, the chief accounting officer now directly owns 5,162 shares of the company’s stock, valued at approximately $295,679.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Roku Trading Down 1.4 %

Roku stock opened at $59.11 on Friday. Roku, Inc. has a 12-month low of $51.62 and a 12-month high of $108.84. The business’s 50-day moving average price is $62.07 and its two-hundred day moving average price is $78.20.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm had revenue of $881.50 million for the quarter, compared to analysts’ expectations of $843.54 million. During the same quarter in the previous year, the business posted ($1.38) earnings per share. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. As a group, equities research analysts forecast that Roku, Inc. will post -1.94 EPS for the current year.

Institutional Trading of Roku

A number of hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. boosted its stake in shares of Roku by 3.3% during the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock valued at $247,000 after purchasing an additional 113 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Roku by 0.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after acquiring an additional 117 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Roku by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after acquiring an additional 150 shares during the period. Spire Wealth Management lifted its stake in shares of Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares during the period. Finally, Arizona State Retirement System lifted its stake in Roku by 0.5% in the third quarter. Arizona State Retirement System now owns 33,655 shares of the company’s stock valued at $2,376,000 after buying an additional 173 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROKU has been the subject of a number of research reports. Citigroup dropped their target price on Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Wedbush dropped their target price on Roku from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Morgan Stanley dropped their target price on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, April 5th. Finally, Susquehanna dropped their target price on Roku from $110.00 to $80.00 and set a “positive” rating for the company in a report on Monday, April 29th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.50.

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.