Roku (NASDAQ:ROKU) Director Sells $213,220.00 in 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 shares were sold at an average price of $106.61, for a total transaction of $213,220.00. Following the sale, the director directly owned 7,782 shares in the company, valued at approximately $829,639.02. The trade was a 20.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Roku Stock Down 2.4%

Shares of NASDAQ:ROKU opened at $102.30 on Friday. The firm has a fifty day simple moving average of $98.97 and a two-hundred day simple moving average of $87.12. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $116.66. The stock has a market capitalization of $15.07 billion, a P/E ratio of -511.47, a PEG ratio of 5.08 and a beta of 2.18.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations 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 revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS. Roku has set its Q4 2025 guidance at EPS. On average, analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently made changes to their positions in ROKU. Westfuller Advisors LLC bought a new position in shares of Roku in the third quarter worth about $30,000. Root Financial Partners LLC purchased a new stake in Roku in the 3rd quarter valued at about $33,000. Cornerstone Planning Group LLC grew its stake in Roku by 20,450.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock worth $41,000 after acquiring an additional 409 shares in the last quarter. Beaird Harris Wealth Management LLC bought a new position in Roku in the 1st quarter worth about $30,000. Finally, Banque Transatlantique SA purchased a new position in shares of Roku during the first quarter worth approximately $28,000. 86.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Zacks Research upgraded Roku from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Rosenblatt Securities raised their price target on Roku from $101.00 to $106.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Guggenheim lifted their price objective on shares of Roku from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. UBS Group increased their target price on shares of Roku from $95.00 to $103.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of Roku in a report on Wednesday, October 1st. Three investment 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.