Roku Experiences Significant Options Trading Activity

Roku, Inc. (NASDAQ:ROKU - Get Free Report) saw an unusually high level of options trading on Monday. In total, traders purchased 52,887 call options related to Roku. This figure represents a substantial increase of about 64% when compared to the usual daily volume of 32,308 call options.

Insights from Wall Street Analysts

Various analysts have recently shared their perspectives on Roku's stock. Piper Sandler revised their price target for Roku from $60.00 to $75.00 and assigned a "neutral" rating in a note dated October 31st. Macquarie reaffirmed an "outperform" rating, setting a price objective of $90.00 for Roku shares, also on October 31st. Benchmark reiterated a "buy" rating with a price target of $105.00 in a report released on September 12th. Citigroup also raised their target price for Roku from $60.00 to $77.00, maintaining a "neutral" rating on September 25th. Furthermore, UBS Group began coverage of Roku, issuing a "neutral" rating and a $73.00 price target on November 22nd. Overall, analysts' ratings for Roku include two sell ratings, nine hold ratings, twelve buy ratings, and one strong buy. According to MarketBeat data, Roku has an average rating of "Moderate Buy" along with a consensus target price of $82.62.

Insider Trading at Roku

In other news regarding Roku, CEO Anthony J. Wood sold 25,000 shares of Roku stock on September 12th, receiving approximately $1,875,000. After this transaction, he held 5,020 shares, totaling a value of about $376,500. This sale represented an 83.28% reduction in his holdings. Additionally, insider Charles Collier sold 15,454 shares of Roku on the same day, netting about $1,159,050. Following this sale, Collier retained just 200 shares of the company, worth approximately $15,000, reflecting a 98.72% decrease in his stake. In the last quarter, company insiders sold 90,240 shares of Roku valued at $6,729,582, with corporate insiders currently owning 13.98% of the stock.

Recent Institutional Investments

Multiple institutional investors have made adjustments to their Roku holdings recently. GS Investments Inc. increased its Roku stake by 33.4% during the third quarter, now holding 587 shares valued at $44,000 after acquiring 147 additional shares. PFG Investments LLC raised its position in Roku by 3.7%, now owning 4,157 shares worth $310,000 after purchasing 150 more. True Vision MN LLC similarly lifted its holdings by 3.1%, controlling 5,018 shares valued at $375,000 after acquiring 152 additional shares. Mcdonald Partners LLC’s stake grew by 0.9% in the second quarter, with 19,608 shares valued at $1,175,000. Lastly, Sequoia Financial Advisors LLC increased its holdings in Roku by 4.5% in the third quarter, now owning 4,721 shares worth $352,000. Currently, 86.30% of Roku's stock is owned by institutional investors.

Roku Stock Performance

On Monday, Roku shares increased by $8.02, reaching $77.05, with a total of 8,206,365 shares traded, surpassing the average volume of 4,414,370. Roku's market capitalization sits at $11.19 billion, with a price-to-earnings ratio of -57.52 and a beta of 2.07. The 50-day moving average for Roku is $73.63, while the 200-day average is $65.38. The stock has a one-year low of $48.33 and a high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) recently announced its earnings results on October 30th, reporting earnings of ($0.06) per share, which exceeded analysts' estimates of ($0.35) by $0.29. The company generated revenue of $1.06 billion, exceeding expectations of $1.02 billion, marking a 16.5% increase compared to the same period last year. The previous year, Roku reported earnings of ($2.33) per share. Analysts predict that Roku will post an EPS of -1.1 for the current year.

About Roku

Roku, Inc. operates a streaming platform in the United States and beyond, along with its subsidiaries. It mainly functions in two segments: Platform and Devices. The streaming platform enables viewers to discover and access a range of content, including TV shows, movies, news, and sports. The Platform segment specializes in digital advertising (both direct and programmatic), media and entertainment spending, and offers streaming revenue shares and premium subscription sales.

Roku, Options, Trading