Roku (NASDAQ:ROKU) Shares Up 3.6%

Shares of Roku, Inc. (NASDAQ:ROKU) traded up 3.6% during mid-day trading on Tuesday . The company traded as high as $55.49 and last traded at $55.47. 617,841 shares traded hands during trading, a decline of 87% from the average session volume of 4,725,357 shares. The stock had previously closed at $53.52.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $105.00 target price on shares of Roku in a research note on Friday, August 2nd. Wells Fargo & Company upped their price objective on Roku from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Macquarie lowered their price target on shares of Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on Roku from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Jefferies Financial Group started coverage on shares of Roku in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 target price for the company. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $79.71.

Roku Price Performance

The stock has a market capitalization of $8.58 billion, a P/E ratio of -14.68 and a beta of 1.96. The stock’s 50-day simple moving average is $57.96 and its 200 day simple moving average is $63.28.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.21. The business had revenue of $968.18 million during the quarter, compared to the consensus estimate of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. Roku’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.76) EPS. As a group, analysts expect that Roku, Inc. will post -1.45 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other Roku news, SVP Stephen H. Kay sold 12,124 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total value of $673,973.16. Following the transaction, the senior vice president now directly owns 91,905 shares of the company’s stock, valued at approximately $5,108,998.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Charles Collier sold 7,181 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total value of $409,532.43. Following the completion of the sale, the insider now directly owns 15,654 shares in the company, valued at $892,747.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Stephen H. Kay sold 12,124 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total value of $673,973.16. Following the transaction, the senior vice president now owns 91,905 shares in the company, valued at approximately $5,108,998.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,075 shares of company stock worth $1,556,005. Company insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Large investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. raised its position in Roku by 0.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock valued at $1,187,000 after purchasing an additional 117 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 purchasing an additional 150 shares in the last quarter. Mcdonald Partners LLC increased its position in Roku by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock worth $1,175,000 after purchasing an additional 175 shares in the last quarter. Benjamin Edwards Inc. boosted its position 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 buying an additional 187 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Roku by 1.0% during the fourth quarter. Amalgamated Bank now owns 19,820 shares of the company’s stock worth $1,817,000 after buying an additional 191 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

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.