Mai Fyfield Sells 650 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) Director Mai Fyfield sold 650 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $57.88, for a total transaction of $37,622.00. Following the completion of the sale, the director now owns 3,259 shares of the company’s stock, valued at $188,630.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Roku Stock Performance

NASDAQ ROKU opened at $58.17 on Wednesday. Roku, Inc. has a 52-week low of $55.01 and a 52-week high of $108.84. The company has a 50-day simple moving average of $59.17 and a 200 day simple moving average of $74.77.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same quarter last year, the company posted ($1.38) earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, analysts anticipate that Roku, Inc. will post -1.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ROKU. Piper Sandler reaffirmed a “neutral” rating and issued a $65.00 price objective (down from $81.00) on shares of Roku in a research note on Friday, April 26th. Pivotal Research dropped their price objective on shares of Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Citigroup dropped their price objective on shares of Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 30th. Jefferies Financial Group began coverage on shares of Roku in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 price objective on the stock. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $89.00 price objective on shares of Roku in a research note on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $82.50.

Hedge Funds Weigh In On Roku

Several large investors have recently modified their holdings of the business. Harbour Investments Inc. increased its stake in shares of Roku by 3.3% in the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock worth $247,000 after purchasing an additional 113 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Roku by 0.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after purchasing an additional 117 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Roku by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after purchasing an additional 150 shares in the last quarter. Spire Wealth Management increased its stake in shares of Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in Roku by 43.5% during the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.