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 Roku stock in a transaction on 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 sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at approximately $376,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Roku Stock Performance

Shares of ROKU opened at $74.69 on Friday. The company has a market cap of $10.81 billion, a price-to-earnings ratio of -18.72 and a beta of 2.06. The stock has a fifty day moving average price of $61.88 and a two-hundred day moving average price of $60.73. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The business had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. During the same quarter in the prior year, the company earned ($0.76) EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, research analysts predict that Roku, Inc. will post -1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Swedbank AB acquired a new stake in Roku during the 1st quarter worth $1,180,000. Vanguard Personalized Indexing Management LLC lifted its stake in Roku by 8.7% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 11,381 shares of the company’s stock valued at $1,043,000 after buying an additional 914 shares during the period. SG Americas Securities LLC boosted its holdings in Roku by 238.6% during the second quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock worth $4,407,000 after buying an additional 51,815 shares during the last quarter. Norges Bank acquired a new position in shares of Roku during the 4th quarter worth about $90,386,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Roku by 23.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,822 shares of the company’s stock valued at $4,094,000 after acquiring an additional 11,851 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on ROKU. Wolfe Research upgraded Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective on the stock in a report on Thursday. Rosenblatt Securities lowered their target price on shares of Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Wells Fargo & Company raised Roku from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $50.00 to $72.00 in a report on Thursday, September 5th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Friday. Finally, Bank of America dropped their price target on shares of Roku from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Roku currently has an average rating of “Hold” and an average price target of $78.25.

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.