Roku (NASDAQ:ROKU) Director Neil Hunt Sells 2,000 Shares

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

Roku Price Performance

ROKU opened at $92.98 on Thursday. The firm has a 50 day simple moving average of $98.94 and a 200 day simple moving average of $91.09. Roku, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $116.66. The company has a market cap of $13.74 billion, a price-to-earnings ratio of -464.88 and a beta of 1.98.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) EPS. As a group, analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA bought a new stake in shares of Roku during the first quarter worth $28,000. Beaird Harris Wealth Management LLC acquired a new position in Roku in the 1st quarter worth $30,000. Westfuller Advisors LLC acquired a new position in Roku in the 3rd quarter worth $30,000. Root Financial Partners LLC bought a new position in Roku during the 3rd quarter worth about $33,000. Finally, Rakuten Securities Inc. raised its stake in shares of Roku by 55.6% in 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 period. Institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Roku from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 31st. KeyCorp reissued an “overweight” rating and set a $116.00 price objective on shares of Roku in a research note on Tuesday, October 28th. Citigroup boosted their price objective on shares of Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Roku in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of Roku from $113.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.68.

About Roku

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.