Roku, Inc. (NASDAQ:ROKU) SVP Stephen H. Kay Sells 12,124 Shares

Roku, Inc. (NASDAQ:ROKU) SVP Stephen H. Kay sold 12,124 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total transaction of $673,973.16. Following the completion of the sale, the senior vice president now directly owns 91,905 shares of the company’s stock, valued at $5,108,998.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Roku Price Performance

ROKU opened at $53.97 on Tuesday. Roku, Inc. has a fifty-two week low of $53.20 and a fifty-two week high of $108.84. The firm’s fifty day moving average price is $58.69 and its two-hundred day moving average price is $73.35. The company has a market capitalization of $7.78 billion, a P/E ratio of -13.53 and a beta of 1.92.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data 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. The company had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the business earned ($1.38) earnings per share. On average, equities research analysts expect that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in Roku by 163.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,890 shares of the company’s stock worth $1,333,000 after buying an additional 11,723 shares in the last quarter. Van ECK Associates Corp lifted its position in Roku by 35.6% during the 3rd quarter. Van ECK Associates Corp now owns 7,708 shares of the company’s stock valued at $544,000 after purchasing an additional 2,023 shares during the period. Pathstone Family Office LLC acquired a new position in Roku during the 3rd quarter valued at about $476,000. Deutsche Bank AG lifted its position in Roku by 27.6% during the 3rd quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock valued at $10,922,000 after purchasing an additional 33,500 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Roku by 6.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,567 shares of the company’s stock valued at $1,028,000 after purchasing an additional 943 shares during the period. 86.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ROKU. Benchmark cut their price objective on shares of Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Susquehanna cut their price objective on shares of Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Jefferies Financial Group began coverage on shares of Roku in a research report on Thursday, May 2nd. They set an “underperform” rating and a $50.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $65.00 price objective (down previously from $81.00) on shares of Roku in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Roku has a consensus rating of “Hold” and an average target price of $82.50.

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.