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

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $140.65, for a total transaction of $281,300.00. Following the completion of the transaction, the director owned 9,629 shares in the company, valued at approximately $1,354,318.85. This trade represents a 17.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Performance

ROKU opened at $142.43 on Friday. Roku, Inc. has a 12-month low of $78.53 and a 12-month high of $148.88. The firm has a market capitalization of $21.00 billion, a PE ratio of 107.09 and a beta of 2.01. The firm has a 50 day moving average of $128.23 and a two-hundred day moving average of $110.31.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.34 by $0.23. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.19) EPS. As a group, analysts predict that Roku, Inc. will post 2.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citizens Jmp downgraded Roku from a “market outperform” rating to a “hold” rating in a research report on Tuesday, June 16th. William Blair cut Roku from an “outperform” rating to a “market perform” rating in a report on Monday, June 15th. Evercore downgraded Roku from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Wells Fargo & Company raised their target price on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Susquehanna cut Roku from a “positive” rating to a “neutral” rating and set a $160.00 price target for the company. in a research report on Tuesday, June 16th. Eleven investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Roku currently has a consensus rating of “Hold” and an average price target of $153.71.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is benefiting from a reported $22 billion all-stock takeover agreement with Fox, which could imply a substantial strategic valuation for the company and highlights the importance of Roku’s streaming platform and advertising assets.
• Positive Sentiment: Roku announced a new show focused on the greatest American female athletes, a sign it continues to expand content offerings and attract more viewing engagement. Article Title
• Neutral Sentiment: Roku remains one of the more closely watched stocks on market news and screening sites, keeping attention high as investors assess the Fox deal and the company’s next move. Article Title
• Neutral Sentiment: Analysts currently have a consensus “Hold” rating on Roku, suggesting Wall Street sees meaningful upside potential but is still cautious on valuation and execution. Article Title
• Neutral Sentiment: Roku settled a Florida child-data case and pledged a privacy overhaul, which removes a legal overhang but also signals additional operational and compliance work ahead. Article Title
• Negative Sentiment: Recent insider selling by a Roku CAO and director may weigh on sentiment, even though the transactions were disclosed as part of pre-arranged 10b5-1 plans. Article Title
• Negative Sentiment: A shareholder law firm has launched an investigation into whether Roku is getting a fair price in the Fox transaction, which could add uncertainty and legal noise around the deal. Article Title

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in shares of Roku in the 4th quarter valued at about $26,000. Bayban increased its stake in shares of Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of Roku in the 4th quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Roku in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

About Roku

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.