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

Roku, Inc. (NASDAQ:ROKU) Director Neil Hunt sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $129.09, for a total transaction of $258,180.00. Following the completion of the transaction, the director owned 7,782 shares in the company, valued at approximately $1,004,578.38. The trade was a 20.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Roku Stock Performance

Roku stock opened at $125.59 on Friday. The firm’s 50-day moving average is $114.77 and its 200-day moving average is $105.03. Roku, Inc. has a 1 year low of $73.65 and a 1 year high of $133.46. The company has a market cap of $18.52 billion, a P/E ratio of 94.43 and a beta of 2.06.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on ROKU shares. Jefferies Financial Group raised their price target on shares of Roku from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Oppenheimer lifted their price objective on shares of Roku from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Morgan Stanley lifted their price objective on shares of Roku from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday. Piper Sandler lifted their price objective on shares of Roku from $140.00 to $148.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus set a $160.00 price objective on shares of Roku in a research report on Monday, March 2nd. Twenty-two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Roku has an average rating of “Moderate Buy” and a consensus price target of $145.29.

Trending Headlines about Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku continues to expand The Roku Channel with new free live TV offerings, including Sports Illustrated and FIFA Plus channels, which should help drive engagement and ad-supported viewing. Article Title
• Positive Sentiment: Roku also launched a $25 bundle pairing the Streaming Stick Plus with Fox One, underscoring management’s push to grow device sales and premium streaming adoption. Article Title
• Positive Sentiment: Multiple bullish articles highlighted Roku’s rising scale, including claims that the company is now in 100 million households worldwide and is better positioned for live sports and ad-supported streaming growth. Article Title
• Positive Sentiment: Coverage praising Roku’s expanding channel lineup and its $300 QLED smart TV suggests the company is strengthening its hardware-and-platform ecosystem. Article Title
• Neutral Sentiment: Roku’s presentation at the Evercore Global TMT Conference kept investors focused on the company’s strategy and outlook, but the transcript itself is not a direct catalyst. Article Title
• Negative Sentiment: Several insiders sold shares, including a director, SVP, CAO and another executive; the transactions were pre-planned and tied to tax withholding, but insider selling can still pressure sentiment. Article Title
• Negative Sentiment: A broader pullback in growth stocks, driven by higher Treasury yields and a softer advertising outlook, also weighed on Roku because its business is closely tied to ad spending. Article Title

Hedge Funds Weigh In On Roku

Several large investors have recently bought and sold shares of ROKU. Blue Trust Inc. increased its stake in Roku by 680.0% during the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after buying an additional 204 shares during the period. Aventura Private Wealth LLC acquired a new position in Roku during the 4th quarter valued at about $26,000. Bayban increased its stake in Roku by 1,300.0% during the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after buying an additional 260 shares during the period. WPG Advisers LLC acquired a new position in Roku during the 4th quarter valued at about $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Roku during the 4th quarter valued at about $31,000. Institutional investors and hedge funds 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.