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

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of Roku stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $106.61, for a total value of $213,220.00. Following the transaction, the director owned 7,782 shares in the company, valued at approximately $829,639.02. This trade represents a 20.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Roku Stock Performance

ROKU opened at $102.30 on Friday. The company has a market capitalization of $15.07 billion, a PE ratio of -511.47, a P/E/G ratio of 5.20 and a beta of 2.18. The stock’s fifty day moving average is $98.97 and its 200-day moving average is $86.93. Roku, Inc. has a one year low of $52.43 and a one year high of $116.66.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company earned ($0.06) earnings per share. Roku’s revenue was up 14.0% compared to the same quarter last year. Roku has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on ROKU shares. Rosenblatt Securities boosted their target price on shares of Roku from $101.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Raymond James Financial reaffirmed a “market perform” rating on shares of Roku in a report on Friday, October 31st. Citigroup increased their price objective on Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. UBS Group raised their price objective on Roku from $95.00 to $103.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $145.00 target price on shares of Roku in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average price target of $110.18.

Institutional Trading of Roku

Hedge funds have recently modified their holdings of the business. Banque Transatlantique SA acquired a new position in Roku during the first quarter valued at $28,000. Beaird Harris Wealth Management LLC acquired a new stake in Roku during the 1st quarter worth about $30,000. Westfuller Advisors LLC purchased a new position in Roku during the 3rd quarter valued at about $30,000. Root Financial Partners LLC acquired a new position in shares of Roku in the 3rd quarter valued at about $33,000. Finally, Rakuten Securities Inc. lifted its position in shares of Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.