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

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of Roku stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $140.65, for a total value of $281,300.00. Following the sale, the director directly owned 9,629 shares of the company’s stock, valued at approximately $1,354,318.85. The trade was a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Price Performance

NASDAQ ROKU traded up $1.92 on Thursday, reaching $142.43. The stock had a trading volume of 5,464,981 shares, compared to its average volume of 3,894,649. The firm has a fifty day moving average of $127.18 and a two-hundred day moving average of $109.84. Roku, Inc. has a 1-year low of $78.53 and a 1-year high of $148.88. The company has a market cap of $21.00 billion, a P/E ratio of 107.09 and a beta of 2.01.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The company’s revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.19) earnings per share. Research analysts predict that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Roku

A number of large investors have recently bought and sold shares of ROKU. Raleigh Capital Management Inc. raised its position in shares of Roku by 6.5% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock valued at $144,000 after buying an additional 93 shares in the last quarter. Apollon Wealth Management LLC increased its stake in Roku by 1.5% in the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after acquiring an additional 96 shares during the last quarter. Quantum Portfolio Management LLC raised its position in Roku by 2.6% during the first quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock valued at $391,000 after purchasing an additional 105 shares in the last quarter. HB Wealth Management LLC raised its position in Roku by 3.7% during the first quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock valued at $326,000 after purchasing an additional 122 shares in the last quarter. Finally, Quarry LP lifted its stake in Roku by 21.7% during the fourth quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after purchasing an additional 123 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ROKU shares. Susquehanna downgraded shares of Roku from a “positive” rating to a “neutral” rating and set a $160.00 price objective for the company. in a report on Tuesday, June 16th. Benchmark lifted their price target on shares of Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Citigroup reiterated an “outperform” rating on shares of Roku in a research note on Monday, June 15th. Evercore downgraded Roku from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, William Blair lowered Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Eleven research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Roku has an average rating of “Hold” and an average price target of $153.71.

Roku Company Profile

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.