Matthew Banks Sells 554 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) CAO Matthew Banks sold 554 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $138.88, for a total transaction of $76,939.52. Following the completion of the transaction, the chief accounting officer directly owned 7,171 shares in the company, valued at approximately $995,908.48. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Performance

Shares of Roku stock opened at $142.43 on Friday. The firm has a fifty day moving average of $128.23 and a two-hundred day moving average of $110.31. The stock has a market capitalization of $21.00 billion, a price-to-earnings ratio of 107.09 and a beta of 2.01. Roku, Inc. has a 52 week low of $78.53 and a 52 week high of $148.88.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.23. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The company’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. As a group, research analysts forecast that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is benefiting from a reported $22 billion all-stock takeover agreement with Fox, which could imply a substantial strategic valuation for the company and highlights the importance of Roku’s streaming platform and advertising assets.
• Positive Sentiment: Roku announced a new show focused on the greatest American female athletes, a sign it continues to expand content offerings and attract more viewing engagement. Article Title
• Neutral Sentiment: Roku remains one of the more closely watched stocks on market news and screening sites, keeping attention high as investors assess the Fox deal and the company’s next move. Article Title
• Neutral Sentiment: Analysts currently have a consensus “Hold” rating on Roku, suggesting Wall Street sees meaningful upside potential but is still cautious on valuation and execution. Article Title
• Neutral Sentiment: Roku settled a Florida child-data case and pledged a privacy overhaul, which removes a legal overhang but also signals additional operational and compliance work ahead. Article Title
• Negative Sentiment: Recent insider selling by a Roku CAO and director may weigh on sentiment, even though the transactions were disclosed as part of pre-arranged 10b5-1 plans. Article Title
• Negative Sentiment: A shareholder law firm has launched an investigation into whether Roku is getting a fair price in the Fox transaction, which could add uncertainty and legal noise around the deal. Article Title

Analyst Ratings Changes

ROKU has been the topic of several recent analyst reports. Susquehanna lowered Roku from a “positive” rating to a “neutral” rating and set a $160.00 target price on the stock. in a report on Tuesday, June 16th. William Blair downgraded Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Evercore cut Roku from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Wedbush lowered Roku from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a research report on Tuesday, June 16th. Eleven investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $153.71.

Institutional Investors Weigh In On Roku

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares in the last quarter. Aventura Private Wealth LLC acquired a new stake in shares of Roku in the 4th quarter valued at about $26,000. Bayban lifted its holdings in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of Roku in the fourth quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Roku during the fourth quarter worth about $31,000. 86.30% of the stock is owned by institutional investors.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.