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

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

Roku Stock Up 6.1 %

ROKU opened at $78.29 on Friday. The stock’s fifty day moving average is $80.89 and its two-hundred day moving average is $77.22. The company has a market capitalization of $11.43 billion, a P/E ratio of -87.97 and a beta of 2.12. Roku, Inc. has a 52 week low of $48.33 and a 52 week high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion for 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%. Equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of research reports. 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 note on Friday, February 14th. Citizens Jmp raised Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised Roku from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $74.00 to $129.00 in a research note on Friday, February 14th. Citigroup increased their price target on Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Finally, Loop Capital increased their price target on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.71.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its position in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Roku during the 4th quarter valued at $30,000. Raelipskie Partnership bought a new stake in Roku during the 3rd quarter valued at $32,000. Game Plan Financial Advisors LLC bought a new stake in Roku during the 4th quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd boosted 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 valued at $37,000 after acquiring an additional 491 shares in the last quarter. Institutional investors 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.