Roku (NASDAQ:ROKU) Stock Price Down 0.2%

Roku, Inc. (NASDAQ:ROKU)’s share price traded down 0.2% on Tuesday . The company traded as low as $64.03 and last traded at $64.48. 787,405 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 6,296,687 shares. The stock had previously closed at $64.64.

Analysts Set New Price Targets

ROKU has been the subject of a number of recent research reports. Seaport Res Ptn downgraded shares of Roku from a “neutral” rating to a “sell” rating in a report on Monday, December 18th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Wednesday, February 21st. Susquehanna boosted their price target on shares of Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. Stephens restated an “overweight” rating and issued a $105.00 price target on shares of Roku in a research note on Friday, February 16th. Finally, Moffett Nathanson downgraded shares of Roku from a “market perform” rating to a “sell” rating and boosted their target price for the stock from $64.00 to $66.00 in a research note on Friday, December 15th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.00.

Roku Stock Up 1.4 %

The stock has a market capitalization of $9.41 billion, a PE ratio of -13.06 and a beta of 1.66. The firm’s fifty day moving average is $75.66 and its 200-day moving average is $80.33.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.65) by $0.10. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The firm had revenue of $984.40 million during the quarter, compared to analysts’ expectations of $967.72 million. During the same period in the prior year, the company posted ($1.70) earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, analysts expect that Roku, Inc. will post -2.16 EPS for the current year.

Insiders Place Their Bets

In other Roku news, SVP Stephen H. Kay sold 4,310 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares in the company, valued at $5,148,208.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Roku news, SVP Stephen H. Kay sold 4,310 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares in the company, valued at $5,148,208.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,543 shares of company stock worth $6,631,587. 13.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roku

A number of large investors have recently bought and sold shares of the stock. Harbour Investments Inc. raised its stake in Roku by 3.3% during the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock worth $247,000 after purchasing an additional 113 shares during the period. Avantax Advisory Services Inc. raised its stake 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 valued at $1,187,000 after acquiring an additional 117 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Roku by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 21,645 shares of the company’s stock valued at $1,987,000 after acquiring an additional 144 shares during the period. Brighton Jones LLC raised its stake in shares of Roku by 8.6% in the 1st quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock valued at $235,000 after acquiring an additional 148 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Roku by 0.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock valued at $4,415,000 after acquiring an additional 150 shares during the period. 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.