Roku (NASDAQ:ROKU) Stock Price Down 1.5% – Should You Sell?

Roku, Inc. (NASDAQ:ROKU) shares were down 1.5% during trading on Monday . The company traded as low as $78.28 and last traded at $80.04. Approximately 526,632 shares traded hands during trading, a decline of 81% from the average daily volume of 2,823,082 shares. The stock had previously closed at $81.29.

Analyst Upgrades and Downgrades

ROKU has been the topic of a number of recent research reports. Macquarie reiterated an “outperform” rating and issued a $90.00 target price on shares of Roku in a research note on Thursday, October 31st. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Loop Capital upped their target price on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. UBS Group started coverage on Roku in a report on Friday, November 22nd. They set a “neutral” rating and a $73.00 price target on the stock. Finally, Moffett Nathanson lowered Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a report on Friday, January 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Roku Stock Up 0.3 %

The company’s 50-day simple moving average is $77.60 and its 200-day simple moving average is $71.71. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of -68.82 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted ($2.33) EPS. The company’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, analysts expect that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Roku news, insider Charles Collier sold 10,771 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the sale, the insider now directly owns 3,790 shares of the company’s stock, valued at $269,620.60. The trade was a 73.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at approximately $4,916,625. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,095 shares of company stock valued at $5,726,218. 13.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Roku

Several institutional investors and hedge funds have recently bought and sold shares of ROKU. FMR LLC boosted its holdings in shares of Roku by 1.7% during the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock worth $1,087,824,000 after purchasing an additional 244,793 shares during the period. Holocene Advisors LP acquired a new stake in shares of Roku during the 3rd quarter valued at $129,015,000. Westfield Capital Management Co. LP grew its holdings in shares of Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after acquiring an additional 856,401 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Roku by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock worth $71,373,000 after acquiring an additional 30,038 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Roku by 352.5% during the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock worth $48,653,000 after acquiring an additional 507,643 shares in 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.