Insider Selling: Roku, Inc. (NASDAQ:ROKU) CAO Sells 206 Shares of Stock

Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew C. Banks sold 206 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $70.32, for a total transaction of $14,485.92. Following the transaction, the chief accounting officer now directly owns 6,843 shares of the company's stock, valued at $481,199.76. The trade was a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Roku Trading Down 8.5 %

• Could Roku and The Trade Desk Create the Ultimate Adtech Giant?

Shares of Roku stock traded down $5.72 during trading on Friday, reaching $61.55. The stock had a trading volume of 13,858,009 shares, compared to its average volume of 3,748,524. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of -69.16 and a beta of 2.17. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96. The stock has a fifty day moving average price of $69.14 and a two-hundred day moving average price of $75.29.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business's revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.35) EPS. On average, equities analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

• Roku’s Recovery Prospects: Why 2025 Could Be a Game-Changer

A number of research analysts have issued reports on the company. Guggenheim reissued a "buy" rating and set a $100.00 price objective on shares of Roku in a report on Friday. Pivotal Research reduced their price target on shares of Roku from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday. Piper Sandler initiated coverage on shares of Roku in a report on Thursday, April 17th. They set a "neutral" rating and a $65.00 price objective for the company. Evercore ISI reduced their target price on Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a report on Friday. Finally, Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.46.

Read Our Latest Stock Report on ROKU

Institutional Investors Weigh In On Roku

• The Trade Desk: When Sell the News Turns Into Buy the Dip

Large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its position in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares during the period. Garde Capital Inc. bought a new position in Roku in the 1st quarter valued at about $25,000. Vision Financial Markets LLC acquired a new stake in Roku during the fourth quarter worth approximately $30,000. Golden State Wealth Management LLC boosted its holdings in shares of Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after acquiring an additional 247 shares during the period. Finally, Game Plan Financial Advisors LLC bought a new stake in Roku in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 86.30% of the company's stock.

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.

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