Roku (NASDAQ:ROKU) Stock Price Up 0.8%

Roku, Inc. (NASDAQ:ROKU)’s share price traded up 0.8% on Wednesday . The company traded as high as $58.39 and last traded at $58.14. 1,115,679 shares traded hands during trading, a decline of 81% from the average session volume of 5,803,653 shares. The stock had previously closed at $57.66.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent research reports. Citigroup decreased their price objective on shares of Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday. Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a research report on Monday. Jefferies Financial Group assumed coverage on Roku in a research report on Thursday. They set an “underperform” rating and a $50.00 price objective for the company. Pivotal Research lowered their target price on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Finally, Stephens reissued an “overweight” rating and issued a $105.00 price objective on shares of Roku in a research report on Friday, February 16th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $82.50.

Roku Trading Down 1.4 %

The firm has a market cap of $8.48 billion, a P/E ratio of -14.81 and a beta of 1.69. The firm’s 50 day moving average is $62.07 and its two-hundred day moving average is $78.13.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.38) EPS. Analysts predict that Roku, Inc. will post -1.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Stephen H. Kay sold 4,310 shares of Roku stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the sale, the senior vice president now directly owns 81,459 shares in the company, valued at $5,148,208.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 8,365 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $528,668.00. Following the sale, the insider now owns 12,656 shares of the company’s stock, valued at $799,859.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,751 shares of company stock worth $4,375,835. 13.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Roku

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. lifted its position in shares of Roku by 3.3% during the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock valued at $247,000 after purchasing an additional 113 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Roku by 0.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after buying an additional 117 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Roku by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock valued at $4,415,000 after purchasing an additional 150 shares in the last quarter. Spire Wealth Management raised its holdings in shares of Roku by 35.3% during the 3rd quarter. Spire Wealth Management now owns 621 shares of the company’s stock valued at $44,000 after buying an additional 162 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Roku by 0.5% in the 3rd quarter. Arizona State Retirement System now owns 33,655 shares of the company’s stock worth $2,376,000 after acquiring an additional 173 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

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.