Matthew C. Banks Sells 211 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew C. Banks sold 211 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $75.66, for a total transaction of $15,964.26. Following the transaction, the chief accounting officer now owns 7,053 shares of the company’s stock, valued at $533,629.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Roku Stock Performance

NASDAQ:ROKU traded down $0.16 during mid-day trading on Wednesday, reaching $74.18. 2,030,129 shares of the company’s stock were exchanged, compared to its average volume of 4,514,066. Roku, Inc. has a one year low of $48.33 and a one year high of $108.84. The business’s fifty day simple moving average is $64.93 and its two-hundred day simple moving average is $61.65. The firm has a market capitalization of $10.73 billion, a PE ratio of -18.56 and a beta of 2.06.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.21. The company had revenue of $968.18 million for the quarter, compared to analysts’ expectations of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm earned ($0.76) earnings per share. As a group, equities research analysts forecast that Roku, Inc. will post -1.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ROKU. Wells Fargo & Company raised Roku from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $50.00 to $72.00 in a research report on Thursday, September 5th. Macquarie decreased their target price on shares of Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Bank of America boosted their target price on shares of Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Roku from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $80.29.

Institutional Trading of Roku

Institutional investors have recently modified their holdings of the stock. Mcdonald Partners LLC increased its position in shares of Roku by 0.9% in the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock worth $1,175,000 after purchasing an additional 175 shares during the period. Benjamin Edwards Inc. increased its holdings in Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after buying an additional 187 shares during the period. Beacon Capital Management LLC raised its position in shares of Roku by 17.7% in the 1st quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock valued at $101,000 after buying an additional 233 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Roku by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 34,656 shares of the company’s stock worth $2,077,000 after acquiring an additional 251 shares during the period. Finally, Quarry LP boosted its position in shares of Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 266 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.