Key Points
- Roku insider Charles Collier sold 20,538 shares at an average price of $151.63, generating approximately $3.1 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 47.5% to 22,700 shares.
- Roku’s shares opened at $152.73, with a market capitalization of $22.67 billion and a consensus analyst rating of “Hold”; the average price target is $156.17.
- The company recently exceeded quarterly earnings expectations, reporting $1.08 in EPS versus a $0.61 consensus estimate and $1.35 billion in revenue, up 21.9% year over year.
Roku, Inc. (NASDAQ:ROKU - Get Free Report) insider Charles Collier sold 20,538 shares of the firm's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $151.63, for a total value of $3,114,176.94. Following the transaction, the insider owned 22,700 shares of the company's stock, valued at $3,442,001. The trade was a 47.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Collier also recently made the following trade(s):
- On Friday, September 4th, Charles Collier sold 20,538 shares of Roku stock. The stock was sold at an average price of $156.99, for a total transaction of $3,224,260.62.
- On Wednesday, September 2nd, Charles Collier sold 7,067 shares of Roku stock. The shares were sold at an average price of $156.86, for a total transaction of $1,108,529.62.
- On Tuesday, August 4th, Charles Collier sold 20,538 shares of Roku stock. The shares were sold at an average price of $145.93, for a total transaction of $2,997,110.34.
Roku Stock Performance
NASDAQ:ROKU opened at $152.73 on Thursday. The firm has a market cap of $22.67 billion, a P/E ratio of 65.27 and a beta of 2.05. Roku, Inc. has a fifty-two week low of $78.53 and a fifty-two week high of $159.89. The firm has a 50-day simple moving average of $153.97 and a two-hundred day simple moving average of $134.55.
Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.47. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.30 billion. Roku had a net margin of 6.82% and a return on equity of 13.73%. The business's revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. On average, equities research analysts predict that Roku, Inc. will post 2.92 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Wolfe Research cut Roku from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, June 16th. Fox Advisors set a $157.00 target price on Roku in a report on Friday, July 17th. Evercore cut Roku from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 15th. Piper Sandler downgraded Roku from an "overweight" rating to a "neutral" rating and upped their price target for the company from $148.00 to $160.00 in a report on Tuesday, June 16th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $165.00 price objective (down from $167.00) on shares of Roku in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nineteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $156.17.
Get Our Latest Research Report on Roku
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bayban grew its holdings in shares of Roku by 1,300.0% in the first quarter. Bayban now owns 280 shares of the company's stock worth $26,000 after acquiring an additional 260 shares during the period. CX Institutional lifted its holdings in Roku by 44.1% in the third quarter. CX Institutional now owns 281 shares of the company's stock valued at $43,000 after acquiring an additional 86 shares during the period. Elevation Wealth Partners LLC boosted its position in Roku by 208.7% in the second quarter. Elevation Wealth Partners LLC now owns 318 shares of the company's stock worth $44,000 after purchasing an additional 215 shares during the last quarter. Osbon Capital Management LLC purchased a new position in Roku in the fourth quarter worth about $45,000. Finally, Hilton Head Capital Partners LLC grew its stake in shares of Roku by 175.0% during the 1st quarter. Hilton Head Capital Partners LLC now owns 550 shares of the company's stock valued at $52,000 after purchasing an additional 350 shares during the period. Institutional investors own 86.30% of the company's stock.
Key Headlines Impacting Roku
Here are the key news stories impacting Roku this week:
- Positive Sentiment: Expanded content lineup: Roku added three free live channels to its platform, which could support user engagement, viewing hours and the company’s advertising business. Roku just added 3 free live channels to its lineup
- Positive Sentiment: New original programming: Actress Lucy Hale will headline Scarlett Holmes, a Roku limited series. Additional exclusive content may help The Roku Channel attract viewers and advertisers. Lucy Hale to headline Scarlett Holmes at Roku
- Positive Sentiment: Constructive analyst and investor attention: Zacks highlighted Roku among growth stocks for the fourth quarter, citing streaming growth, while another Zacks report noted increased investor interest. These reports could reinforce bullish sentiment, although they do not represent new company guidance. Buy five growth stocks for Q4
- Positive Sentiment: Advertising and strategic-growth thesis: Commentary argues that Roku’s advertising business and the reported Fox acquisition could improve its position in the connected-TV market. This is an investment thesis rather than a new confirmed operating result. Fox acquisition boosts Roku growth prospects
- Neutral Sentiment: Prime Day promotions: Roku OLED televisions are discounted by as much as $400, with a 65-inch model offered at $799.99. Lower prices may stimulate device adoption, but promotions could pressure hardware margins. Roku OLED TV Prime Day deals
- Negative Sentiment: Insider selling: Executive Charles Collier sold 20,538 shares worth approximately $3.1 million, while Chief Accounting Officer Matthew Banks sold 554 shares worth about $84,000. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their value as signals of deteriorating business prospects, but the sales may weigh modestly on sentiment. Roku insider selling
Roku Company Profile
(
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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