Insider Selling: Roku, Inc. (NASDAQ:ROKU) CAO Sells $14,649.39 in Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 207 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $70.77, for a total transaction of $14,649.39. Following the transaction, the chief accounting officer now owns 7,049 shares of the company’s stock, valued at approximately $498,857.73. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Roku Stock Performance

Shares of NASDAQ ROKU opened at $55.28 on Friday. The stock has a market capitalization of $8.07 billion, a P/E ratio of -62.11 and a beta of 2.17. The stock’s fifty day moving average is $79.65 and its 200 day moving average is $77.37. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Equities research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on ROKU shares. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and increased their price target for the company from $65.00 to $125.00 in a research report on Friday, February 14th. Citigroup raised shares of Roku from a “neutral” rating to an “outperform” rating in a research note on Sunday, March 23rd. FBN Securities assumed coverage on shares of Roku in a research report on Friday, March 28th. They set an “outperform” rating and a $93.00 price target on the stock. JMP Securities lifted their price objective on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Roku in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.55.

Institutional Investors Weigh In On Roku

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. lifted its position in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares during the last quarter. Vision Financial Markets LLC bought a new position in shares of Roku in the fourth quarter worth about $30,000. Raelipskie Partnership acquired a new stake in shares of Roku in the 3rd quarter valued at approximately $32,000. Game Plan Financial Advisors LLC bought a new stake in shares of Roku during the 4th quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd increased its position in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

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.