Roku (NASDAQ:ROKU) Trading Down 0.5%

Roku, Inc. (NASDAQ:ROKU)’s share price fell 0.5% during trading on Thursday . The company traded as low as $58.68 and last traded at $59.27. 431,203 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 5,611,932 shares. The stock had previously closed at $59.55.

Wall Street Analyst Weigh In

ROKU has been the topic of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and set a $105.00 price target on shares of Roku in a report on Friday, February 16th. Wells Fargo & Company lifted their price target on shares of Roku from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Rosenblatt Securities restated a “neutral” rating and issued a $89.00 target price on shares of Roku in a report on Friday, April 26th. Piper Sandler reiterated a “neutral” rating and set a $65.00 target price (down from $81.00) on shares of Roku in a research note on Friday, April 26th. Finally, Jefferies Financial Group started coverage on Roku in a report on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 price objective for the company. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Roku presently has an average rating of “Hold” and a consensus target price of $82.50.

Roku Trading Up 1.2 %

The stock has a market capitalization of $8.68 billion, a PE ratio of -14.85 and a beta of 1.69. The company’s 50-day moving average is $61.83 and its 200 day moving average is $78.16.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same period in the previous year, the company earned ($1.38) earnings per share. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Sell-side analysts forecast that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Activity at Roku

In related news, 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 transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey M. Blackburn acquired 8,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were acquired at an average cost of $63.96 per share, for a total transaction of $511,680.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $511,680. The disclosure for this purchase can be found here. Insiders have sold 54,751 shares of company stock valued at $4,375,835 in the last ninety days. Insiders own 13.63% of the company’s stock.

Institutional Trading of Roku

Several hedge funds have recently made changes to their positions in ROKU. Gotham Asset Management LLC raised its position in Roku by 200.3% during the third quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock worth $2,903,000 after acquiring an additional 27,431 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Roku by 8.2% during the fourth quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after buying an additional 551 shares in the last quarter. Barclays PLC grew its holdings in shares of Roku by 13.0% during the third quarter. Barclays PLC now owns 215,766 shares of the company’s stock worth $15,231,000 after buying an additional 24,765 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Roku by 27.6% during the third quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock worth $10,922,000 after buying an additional 33,500 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in shares of Roku by 32.4% during the fourth quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company’s stock worth $7,312,000 after buying an additional 19,543 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

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.