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

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. The trade was a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Roku Stock Up 1.3 %

NASDAQ:ROKU opened at $82.99 on Friday. Roku, Inc. has a 12-month low of $48.33 and a 12-month high of $108.84. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of -69.16 and a beta of 2.06. The stock’s 50 day moving average price is $75.00 and its two-hundred day moving average price is $66.89.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned ($2.33) EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities research analysts expect that Roku, Inc. will post -1.1 EPS for the current year.

Institutional Trading of Roku

A number of hedge funds have recently modified their holdings of ROKU. Kessler Investment Group LLC grew its stake in Roku by 21.8% in the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock valued at $5,672,000 after buying an additional 13,590 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Roku in the third quarter valued at approximately $129,015,000. National Bank of Canada FI increased its stake in shares of Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after purchasing an additional 149,514 shares during the period. EULAV Asset Management lifted its holdings in Roku by 59.1% during the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock worth $13,663,000 after purchasing an additional 68,000 shares during the last quarter. Finally, Granite Bay Wealth Management LLC bought a new stake in Roku in the 2nd quarter valued at $1,142,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ROKU shares. Piper Sandler increased their price objective on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price target on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Morgan Stanley upped their price objective on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Wedbush reiterated an “outperform” rating and set a $100.00 price objective (up from $85.00) on shares of Roku in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their target price on Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Roku has an average rating of “Moderate Buy” and a consensus price target of $83.81.

Roku Company Profile

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.