Roku (NASDAQ:ROKU) Trading Up 1.5%

Shares of Roku, Inc. (NASDAQ:ROKU) were up 1.5% on Thursday . The stock traded as high as $58.47 and last traded at $58.47. Approximately 884,787 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 5,671,000 shares. The stock had previously closed at $57.59.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ROKU shares. Citigroup dropped their price target on Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 21st. Susquehanna increased their target price on Roku from $100.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, February 16th. Pivotal Research lowered their target price on Roku from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Stephens reiterated an “overweight” rating and set a $105.00 target price on shares of Roku in a research report on Friday, February 16th. Finally, Oppenheimer downgraded Roku from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. Five equities 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.67.

Roku Stock Up 2.0 %

The business has a 50 day simple moving average of $67.19 and a two-hundred day simple moving average of $79.07. The firm has a market cap of $8.43 billion, a PE ratio of -11.65 and a beta of 1.66.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.10. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. The business had revenue of $984.40 million for the quarter, compared to analyst estimates of $967.72 million. During the same quarter last year, the firm posted ($1.70) earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. Equities analysts forecast that Roku, Inc. will post -2.16 earnings per share for the current year.

Insiders Place Their Bets

In other Roku news, Director Jeffrey M. Blackburn bought 8,000 shares of Roku stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the completion of the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $511,680. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now owns 81,459 shares in the company, valued at $5,148,208.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey M. Blackburn purchased 8,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the purchase, the director now owns 8,000 shares of the company’s stock, valued at approximately $511,680. The disclosure for this purchase can be found here. Insiders have sold a total of 54,545 shares of company stock worth $4,364,035 over the last quarter. Company insiders own 13.63% of the company’s stock.

Hedge Funds Weigh In On Roku

Several institutional investors have recently made changes to their positions in the company. SteelPeak Wealth LLC increased its stake in shares of Roku by 77.9% during the first quarter. SteelPeak Wealth LLC now owns 9,159 shares of the company’s stock valued at $597,000 after buying an additional 4,011 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Roku in the first quarter valued at about $275,000. Gateway Investment Advisers LLC purchased a new position in Roku in the first quarter valued at about $897,000. Banque Cantonale Vaudoise grew its stake in Roku by 145.5% in the first quarter. Banque Cantonale Vaudoise now owns 5,758 shares of the company’s stock valued at $375,000 after purchasing an additional 3,413 shares during the last quarter. Finally, Polianta Ltd grew its stake in Roku by 106.0% in the first quarter. Polianta Ltd now owns 17,100 shares of the company’s stock valued at $1,114,000 after purchasing an additional 8,800 shares during 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.