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

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $106.61, for a total value of $213,220.00. Following the completion of the sale, the director owned 7,782 shares of the company’s stock, valued at $829,639.02. This trade represents a 20.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Roku Price Performance

Shares of NASDAQ:ROKU traded down $0.85 during midday trading on Thursday, hitting $104.82. The company had a trading volume of 3,443,710 shares, compared to its average volume of 3,501,231. The company has a market cap of $15.44 billion, a price-to-earnings ratio of -524.07, a PEG ratio of 5.24 and a beta of 2.18. Roku, Inc. has a 12-month low of $52.43 and a 12-month high of $116.66. The company has a fifty day moving average of $98.86 and a two-hundred day moving average of $86.63.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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 return on equity of 1.08% and a negative net margin of 0.61%.Roku’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) EPS. Roku has set its Q4 2025 guidance at EPS. Research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Westfuller Advisors LLC bought a new position in shares of Roku during the 3rd quarter valued at about $30,000. Root Financial Partners LLC bought a new position in shares of Roku during the 3rd quarter valued at about $33,000. Cornerstone Planning Group LLC boosted its holdings in shares of Roku by 20,450.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock valued at $41,000 after purchasing an additional 409 shares during the last quarter. Beaird Harris Wealth Management LLC bought a new position in shares of Roku during the 1st quarter valued at about $30,000. Finally, Banque Transatlantique SA bought a new position in shares of Roku during the 1st quarter valued at about $28,000. Institutional investors own 86.30% of the company’s stock.

Analysts Set New Price Targets

ROKU has been the subject of several analyst reports. UBS Group upped their price objective on Roku from $95.00 to $103.00 and gave the stock a “neutral” rating in a research note on Monday. Evercore ISI reiterated a “positive” rating on shares of Roku in a research note on Friday, October 31st. Morgan Stanley reiterated an “underweight” rating on shares of Roku in a research note on Friday, October 31st. Zacks Research upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company increased their price target on Roku from $113.00 to $116.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and a consensus price target of $110.18.

Roku Company Profile

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.