Roku (NASDAQ:ROKU) Director Sells $192,360.00 in Stock

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $96.18, for a total value of $192,360.00. Following the completion of the sale, the director owned 7,782 shares of the company’s stock, valued at approximately $748,472.76. This trade represents a 20.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Roku Stock Performance

Shares of Roku stock traded down $5.28 on Wednesday, reaching $92.98. The stock had a trading volume of 4,448,266 shares, compared to its average volume of 3,744,562. The business’s 50-day moving average price is $99.04 and its two-hundred day moving average price is $91.08. The stock has a market cap of $13.74 billion, a P/E ratio of -464.88 and a beta of 1.98. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $116.66.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.06) EPS. As a group, equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ROKU shares. Evercore ISI reaffirmed a “positive” rating on shares of Roku in a research report on Friday, October 31st. Pivotal Research boosted their price objective on shares of Roku from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Rosenblatt Securities increased their target price on shares of Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Roku in a research report on Monday, October 27th. Finally, Citizens Jmp restated a “market outperform” rating and set a $145.00 price target on shares of Roku in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $112.68.

Institutional Investors Weigh In On Roku

Several large investors have recently modified their holdings of the stock. Banque Transatlantique SA acquired a new stake in Roku in the 1st quarter valued at $28,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Roku in the 1st quarter valued at $30,000. Westfuller Advisors LLC acquired a new stake in shares of Roku in the 3rd quarter valued at $30,000. Root Financial Partners LLC bought a new stake in shares of Roku in the 3rd quarter worth about $33,000. Finally, Rakuten Securities Inc. lifted its holdings in Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

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.