Gilbert Fuchsberg Sells 9,593 Shares of Roku (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKU) insider Gilbert Fuchsberg sold 9,593 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $125.52, for a total transaction of $1,204,113.36. Following the sale, the insider owned 50,863 shares of the company’s stock, valued at approximately $6,384,323.76. This represents a 15.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gilbert Fuchsberg also recently made the following trade(s):

• On Tuesday, March 3rd, Gilbert Fuchsberg sold 3,250 shares of Roku stock. The stock was sold at an average price of $95.57, for a total value of $310,602.50.

Roku Stock Performance

NASDAQ:ROKU traded down $1.58 during mid-day trading on Tuesday, hitting $124.44. 2,822,132 shares of the stock were exchanged, compared to its average volume of 3,312,268. The stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 93.57 and a beta of 2.04. The firm’s 50-day simple moving average is $101.11 and its 200 day simple moving average is $101.06. Roku, Inc. has a fifty-two week low of $58.77 and a fifty-two week high of $127.90.

Roku (NASDAQ:ROKU) last released 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. Roku had a return on equity of 7.68% and a net margin of 4.06%.The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company posted ($0.19) EPS. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. On average, analysts predict that Roku, Inc. will post 2.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on Roku from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Oppenheimer lifted their price objective on Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Jefferies Financial Group lifted their price objective on Roku from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 13th. Moffett Nathanson reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Roku in a report on Friday, February 13th. Finally, Bank of America boosted their target price on shares of Roku from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Twenty-one analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.17.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Q1 earnings beat — Roku reported stronger-than-expected Q1 revenue and EPS with platform revenue surging and record free cash flow, supporting the company’s ad/subscription monetization thesis. ROKU Shares Rise 6% on Q1 Earnings Beat, Revenues and EPS Up Y/Y
• Positive Sentiment: Content and distribution additions — Roku added 15 new free channels to its platform, which can increase engagement, ad inventory and potential ad revenue. Roku Just Added 15 New Channels — And They’re All Free
• Positive Sentiment: New low-cost subscription (Howdy) — Roku’s Howdy $3/month service is getting coverage as a viable low-price add-on that could drive ARPU and reduce churn if adoption scales. Here’s Why Howdy, Roku’s Low-Cost Streaming Service, Is Worth Your $3/Month
• Positive Sentiment: Structural cost/market tailwind — analysis suggests Roku’s low-memory hardware footprint may benefit it amid rising memory prices, potentially protecting margins vs. peers. How ROKU Stock Could Be One of the Biggest Winners of Sky-High Memory Prices
• Neutral Sentiment: Analyst update — Citigroup raised its price target to $120 but kept a “neutral” rating, signaling mixed analyst sentiment and implying limited near-term upside from that house. Benzinga coverage of analyst update
• Negative Sentiment: Class-action lawsuits alleging updates “bricked” TCL TVs running Roku software — multiple outlets report a new suit accusing Roku (with TCL) of shipping updates that rendered devices unusable; litigation and reputational risk could pressure the stock and lead to legal costs or remedial expenses. TCL and Roku sued for allegedly bricking TVs with updates Roku and TCL are being sued for allegedly bricking smart TVs ROKU and TCL accused of bricking TVs in new class action lawsuit

Hedge Funds Weigh In On Roku

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its position 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 buying an additional 204 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in shares of Roku in the 4th quarter valued at approximately $26,000. Bayban grew its holdings in shares of Roku by 1,300.0% during 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 stake in shares of Roku during the 4th quarter valued at approximately $31,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Roku during the 4th quarter valued at approximately $31,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

About Roku

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.