Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood Sells 4,600 Shares

Roku, Inc. (NASDAQ:ROKU) CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at approximately $468,225. This represents a 42.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Roku Price Performance

NASDAQ ROKU traded up $4.47 during trading hours on Friday, hitting $78.29. The company had a trading volume of 5,830,318 shares, compared to its average volume of 3,690,932. The firm’s 50 day moving average is $80.91 and its 200 day moving average is $77.07. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of -87.97 and a beta of 2.12. Roku, Inc. has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

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

Hedge Funds Weigh In On Roku

Several large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Roku by 19.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock worth $463,000 after purchasing an additional 1,024 shares during the last quarter. Audent Global Asset Management LLC lifted its position in shares of Roku by 222.9% during the fourth quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock worth $1,571,000 after purchasing an additional 14,584 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in shares of Roku during the fourth quarter worth about $1,681,000. Fluent Financial LLC bought a new position in shares of Roku during the fourth quarter worth about $660,000. Finally, United Advisor Group LLC lifted its position in shares of Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wedbush reissued an “outperform” rating and set a $100.00 price target on shares of Roku in a research note on Monday, February 10th. JMP Securities increased their price target on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. UBS Group increased their price target on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Citigroup increased their price target on Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Finally, Moffett Nathanson raised Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target on the stock in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.71.

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.