Mai Fyfield Sells 832 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) Director Mai Fyfield sold 832 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $119.64, for a total value of $99,540.48. Following the completion of the sale, the director owned 5,389 shares of the company’s stock, valued at approximately $644,739.96. This trade represents a 13.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Roku Trading Up 20.1%

Shares of ROKU stock opened at $143.66 on Friday. The stock has a market cap of $21.18 billion, a P/E ratio of 108.02 and a beta of 2.06. The stock has a 50 day simple moving average of $118.73 and a 200 day simple moving average of $106.23. Roku, Inc. has a 1 year low of $73.91 and a 1 year high of $148.88.

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

Hedge Funds Weigh In On Roku

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its stake in shares of Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the last quarter. Aventura Private Wealth LLC bought a new position in shares of Roku in the 4th quarter valued at $26,000. Bayban increased its stake in shares of Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC bought a new position in shares of Roku in the 4th quarter valued at $31,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Roku in the 4th quarter valued at $31,000. Institutional investors own 86.30% of the company’s stock.

More Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wedbush boosted their price target on Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Susquehanna boosted their price target on Roku from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Friday, May 1st. Benchmark boosted their price target on Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Robert W. Baird boosted their price target on Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, UBS Group set a $170.00 price target on Roku in a research note on Thursday, May 28th. Twenty-two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $146.96.

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.