Roku, Inc. (NASDAQ:ROKU – Get Free Report) insider Charles Collier sold 3,590 shares of the company’s stock in a transaction that occurred on Tuesday, July 16. The shares were sold at an average price of $65.00, for a total transaction of $233,350.00. Following the sale, the insider now directly owns 12,064 shares of the company’s stock, valued at approximately $784,160. The sale was disclosed in a filing with the SEC, available on the SEC website.

Charles Collier has also recently completed the following transaction(s):

• On Tuesday, June 4, Charles Collier sold 7,181 shares of Roku stock. The shares were sold at an average price of $57.03, for a total transaction of $409,532.43.

Roku Price Performance

Shares of NASDAQ ROKU opened at $62.55 on Friday. Roku, Inc. has a 12-month low of $51.51 and a 12-month high of $108.84. The company has a 50-day simple moving average of $58.77 and a 200-day simple moving average of $67.41.

Roku (NASDAQ:ROKU – Get Free Report) last released its quarterly earnings results on Thursday, April 25. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company had revenue of $881.50 million during the quarter, compared to analyst estimates of $843.54 million. During the same period last year, the company posted ($1.38) EPS. The company’s quarterly revenue increased 19.0% year over year. As a group, research analysts expect Roku, Inc. to post -1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Roku

A number of institutional investors and hedge funds have recently made changes to their ROKU holdings. Deutsche Bank AG increased its stake in Roku by 27.6% in the third quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock worth $10,922,000 after acquiring an additional 33,500 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Roku by 0.7% in the third quarter. Vanguard Group Inc. now owns 11,473,538 shares of the company’s stock worth $809,917,000 after purchasing an additional 78,185 shares during the period. Nordea Investment Management AB increased its stake in shares of Roku by 8.2% in the fourth quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after purchasing an additional 551 shares during the period. Creative Financial Designs Inc. ADV purchased a new stake in shares of Roku during the fourth quarter worth approximately $29,000. Finally, Handelsinvest Investeringsforvaltning acquired a new position in shares of Roku during the fourth quarter worth approximately $487,000. 86.30% of the shares are currently held by institutional investors.

Changes in analyst ratings

Several equities analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Friday, April 26th. Piper Sandler restated a “neutral” rating and set a $65.00 price target on shares of Roku (down from $81.00) in a research note on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Roku in a research note on Thursday, June 20th. Rosenblatt Securities reiterated a “neutral” rating and set a $89.00 price target on shares of Roku in a research note on Friday, April 26th. Finally, Seaport Res Ptn raised shares of Roku from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Four equities research analysts have rated the stock with a sell rating, nine have rated it with a hold rating, and nine have rated the company with a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.50.

Check out our latest stock analysis on Roku

Roku Company Profile

(Get free report)

Roku, Inc., together with its subsidiaries, operates a television streaming platform in the United States and internationally. The company operates in two segments, Platform and Devices. The streaming platform enables users to discover and access television shows, movies, news, sports and more. The Platform segment provides digital advertising, including direct and programmatic video advertising; promotional spending on media and entertainment and related services; and distribution of streaming services, such as subscription and transaction revenue shares, and sales of premium subscriptions and branded app buttons on remote controls.

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