By otakuyassine3@gmail.com 
Roku, Inc. (NASDAQ:ROKU – Get Free Report) fell 2.1% on Tuesday after an insider sold shares in the company. The company traded as low as $96.84 and last traded at $97.01. 2,248,689 shares were traded during mid-day trading, a decline of 38% from the average session volume of 3,647,681 shares. The stock had previously closed at $99.07.
Specifically, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $2,510,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,664,415.20. This trade represents a 48.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dan Jedda sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $99.95, for a total value of $199,900.00. Following the sale, the chief financial officer now directly owns 56,555 shares of the company’s stock, valued at $5,652,672.25. The trade was a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, CFO Dan Jedda sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the sale, the chief financial officer now directly owns 58,555 shares of the company’s stock, valued at approximately $5,878,922. This trade represents a 7.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Analysts Set New Price Targets
ROKU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Pivotal Research upgraded Roku from a “hold” rating to a “buy” rating and raised their target price for the company from $65.00 to $125.00 in a report on Friday, February 14th. Morgan Stanley raised their target price on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Bank of America raised their target price on Roku from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and an average target price of $92.62.
View Our Latest Stock Report on Roku
Roku Price Performance
The firm has a 50 day moving average of $81.34 and a two-hundred day moving average of $74.61. The stock has a market cap of $13.42 billion, a PE ratio of -103.83 and a beta of 2.05.
Roku (NASDAQ:ROKU – Get Free Report) last released its quarterly earnings results 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 analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.39% and a negative net margin of 3.15%. As a group, equities analysts anticipate that Roku, Inc. will post -0.8 EPS for the current fiscal year.
Institutional Trading of Roku
A number of institutional investors have recently modified their holdings of ROKU. Geneos Wealth Management Inc. boosted its position in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in Roku during the fourth quarter worth $30,000. Raelipskie Partnership purchased a new stake in Roku during the third quarter worth $32,000. Game Plan Financial Advisors LLC purchased a new stake in Roku during the fourth quarter worth $37,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Roku by 4,091.7% in the fourth 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. 86.30% of the stock is currently owned by hedge funds and other 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.
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