Key Points
- Roku director Neil Hunt sold 2,000 shares on Feb. 2 at an average price of $96.48, cutting his stake by 20.45% to 7,782 shares (about $750,807), according to an SEC Form 4 filing.
- Analysts remain broadly positive with a consensus rating of "Moderate Buy" and an average target near $119, while several firms have recently raised price targets on the stock.
- Shares opened around $92 (down ~1.9% in the report); heavy Super Bowl discounts on Roku devices could lift activations and ad inventory in the near term, though the insider sale may temper sentiment.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) Director Neil Hunt sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $96.48, for a total transaction of $192,960.00. Following the sale, the director owned 7,782 shares of the company's stock, valued at $750,807.36. The trade was a 20.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Roku Stock Down 1.9%
ROKU opened at $92.13 on Thursday. The firm has a market cap of $13.61 billion, a PE ratio of -460.63 and a beta of 1.99. The business has a fifty day simple moving average of $105.20 and a 200-day simple moving average of $99.08. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $116.66.
Key Headlines Impacting Roku
Here are the key news stories impacting Roku this week:
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on ROKU shares. KeyCorp boosted their price target on shares of Roku from $116.00 to $128.00 and gave the company an "overweight" rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on Roku from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, December 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Roku in a research report on Thursday, January 22nd. Pivotal Research raised their price target on shares of Roku from $120.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, November 3rd. Finally, Evercore ISI reiterated a "positive" rating on shares of Roku in a research note on Friday, October 31st. Twenty-two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $119.29.
View Our Latest Analysis on Roku
Hedge Funds Weigh In On Roku
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in 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 during the last quarter. Aventura Private Wealth LLC bought a new stake in Roku during the fourth quarter valued at about $26,000. Westfuller Advisors LLC acquired a new stake in shares of Roku in the third quarter valued at about $30,000. WPG Advisers LLC acquired a new position in shares of Roku during the 4th quarter worth about $31,000. Finally, Root Financial Partners LLC bought a new stake in Roku during the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 86.30% of the company's stock.
About Roku
(
Get Free Report)
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.
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