Anthony J. Wood Sells 25,000 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKUGet Free Report) CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Roku Price Performance

Shares of Roku stock opened at $74.69 on Friday. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of -18.72 and a beta of 2.06. The stock’s 50-day moving average is $61.88 and its 200-day moving average is $60.73. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The firm had revenue of $968.18 million during the quarter, compared to the consensus estimate of $937.78 million. During the same quarter in the prior year, the firm posted ($0.76) EPS. The business’s revenue was up 14.3% on a year-over-year basis. On average, equities analysts expect that Roku, Inc. will post -1.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ROKU. Benchmark reiterated a “buy” rating and issued a $105.00 target price on shares of Roku in a research note on Thursday. Macquarie cut their price objective on Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Guggenheim upgraded 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. Rosenblatt Securities cut their price target on Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Wells Fargo & Company raised shares of Roku from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $50.00 to $72.00 in a report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Roku presently has an average rating of “Hold” and an average target price of $78.25.

Read Our Latest Stock Report on ROKU

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROKU. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Roku by 24.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock worth $478,939,000 after buying an additional 1,457,925 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in Roku by 25.8% during the first quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock worth $462,108,000 after buying an additional 1,455,408 shares during the last quarter. Norges Bank acquired a new stake in Roku during the fourth quarter worth approximately $90,386,000. Quadrature Capital Ltd acquired a new position in shares of Roku in the fourth quarter valued at approximately $35,856,000. Finally, Vanguard Group Inc. increased its stake in shares of Roku by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock worth $1,086,533,000 after purchasing an additional 380,409 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Roku (NASDAQ:ROKU)

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