Roku (NASDAQ:ROKU) Shares Up 2.2%

Roku, Inc. (NASDAQ:ROKU)’s share price shot up 2.2% on Tuesday . The stock traded as high as $61.46 and last traded at $59.94. 3,353,275 shares were traded during trading, a decline of 42% from the average session volume of 5,814,101 shares. The stock had previously closed at $58.66.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ROKU. Susquehanna lowered their target price on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a report on Monday. Benchmark decreased their price objective on Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Roku in a report on Friday, April 26th. Oppenheimer cut Roku from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Finally, Wedbush decreased their price objective on Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.50.

Roku Stock Up 1.4 %

The business has a 50-day moving average price of $62.24 and a two-hundred day moving average price of $78.31. The firm has a market cap of $8.60 billion, a PE ratio of -14.71 and a beta of 1.69.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same quarter in the prior year, the company earned ($1.38) earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts predict that Roku, Inc. will post -1.98 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Charles Collier sold 12,277 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the transaction, the insider now owns 4,292 shares of the company’s stock, valued at $279,237.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,545 shares of company stock valued at $4,364,035. 13.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roku

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in Roku in the fourth quarter valued at $27,000. Creative Financial Designs Inc. ADV acquired a new position in Roku in the fourth quarter valued at $29,000. Federated Hermes Inc. acquired a new position in Roku in the third quarter valued at $37,000. Quarry LP boosted its stake in Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 266 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.