Key Points
- Roku director Neil Hunt sold 2,000 shares at an average price of $151.09, generating $302,180. The Rule 10b5-1 transaction reduced his direct stake by 17.2% to 9,629 shares.
- Roku shares opened at $153.41, with a market capitalization of approximately $22.77 billion and a 52-week range of $78.53 to $159.89.
- Analysts maintain a consensus “Hold” rating, with an average price target of $156.17, despite Roku exceeding its latest earnings and revenue expectations.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) CAO Matthew Banks sold 554 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $152.21, for a total value of $84,324.34. Following the completion of the transaction, the chief accounting officer owned 7,568 shares in the company, valued at $1,151,925.28. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Roku Stock Up 0.7%
ROKU stock opened at $153.41 on Tuesday. Roku, Inc. has a twelve month low of $78.53 and a twelve month high of $159.89. The company has a market cap of $22.77 billion, a P/E ratio of 65.56 and a beta of 2.05. The business has a fifty day moving average of $153.66 and a 200-day moving average of $133.75.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.47. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.30 billion. Roku had a return on equity of 13.73% and a net margin of 6.82%.The firm's quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. As a group, equities research analysts anticipate that Roku, Inc. will post 2.92 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ROKU has been the subject of a number of analyst reports. Wells Fargo & Company restated an "equal weight" rating and set a $165.00 price objective (down from $167.00) on shares of Roku in a report on Friday, August 14th. Weiss Ratings upgraded shares of Roku from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Zacks Research raised shares of Roku from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Guggenheim cut shares of Roku from a "buy" rating to a "neutral" rating and upped their price objective for the company from $145.00 to $160.00 in a research report on Friday, August 7th. Finally, Susquehanna lowered Roku from a "positive" rating to a "neutral" rating and set a $160.00 target price on the stock. in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nineteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $156.17.
Read Our Latest Stock Analysis on Roku
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Bayban boosted its holdings in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company's stock valued at $26,000 after buying an additional 260 shares during the period. CX Institutional raised its holdings in shares of Roku by 44.1% during the third quarter. CX Institutional now owns 281 shares of the company's stock worth $43,000 after acquiring an additional 86 shares during the period. Elevation Wealth Partners LLC raised its holdings in shares of Roku by 208.7% during the second quarter. Elevation Wealth Partners LLC now owns 318 shares of the company's stock worth $44,000 after acquiring an additional 215 shares during the period. Osbon Capital Management LLC bought a new stake in Roku in the 4th quarter valued at $45,000. Finally, Hilton Head Capital Partners LLC lifted its position in Roku by 175.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 550 shares of the company's stock valued at $52,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 86.30% of the company's stock.
About Roku
(
Get Free Report)
Roku, Inc develops and operates a television streaming platform that connects consumers with digital entertainment. Its platform enables users to access streaming services, live television, movies, music and other content through Roku devices and Roku-powered televisions.
The company offers Roku streaming players, Roku-branded televisions and the Roku operating system, which it licenses to television manufacturers. Roku also operates The Roku Channel, an ad-supported streaming service offering movies, television programs, news, live channels and other content.
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