Stephen H. Kay Sells 12,124 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKUGet Free Report) SVP Stephen H. Kay sold 12,124 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $55.59, for a total value of $673,973.16. Following the sale, the senior vice president now directly owns 91,905 shares in the company, valued at approximately $5,108,998.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Roku Stock Performance

Roku stock opened at $52.53 on Thursday. The stock’s 50-day moving average is $58.31 and its 200-day moving average is $72.85. Roku, Inc. has a 12 month low of $52.50 and a 12 month high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.29. The business had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the business posted ($1.38) EPS. Sell-side analysts expect that Roku, Inc. will post -1.94 EPS for the current year.

Institutional Investors Weigh In On Roku

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in shares of Roku during the 4th quarter valued at about $27,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Roku during the 4th quarter valued at about $29,000. Quarry LP raised its holdings in shares of Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 266 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Roku during the 3rd quarter valued at about $37,000. Finally, Headinvest LLC purchased a new stake in shares of Roku during the 3rd quarter valued at about $42,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on ROKU shares. Benchmark decreased their price objective on Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Susquehanna decreased their price objective on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research note on Monday, April 29th. Morgan Stanley decreased their price objective on Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, April 5th. Piper Sandler reaffirmed a “neutral” rating and set a $65.00 price objective (down previously from $81.00) on shares of Roku in a research note on Friday, April 26th. Finally, Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Roku has an average rating of “Hold” and a consensus price target of $82.50.

Check Out Our Latest Analysis on ROKU

Roku Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Roku (NASDAQ:ROKU)

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