Roku (NASDAQ:ROKU) Trading Up 2.5% – Here’s Why

Roku, Inc. (NASDAQ:ROKU)’s share price traded up 2.5% during trading on Monday . The company traded as high as $81.57 and last traded at $80.21. 1,383,796 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 3,682,403 shares. The stock had previously closed at $78.29.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup raised shares of Roku from a “neutral” rating to an “outperform” rating in a research report on Sunday. JMP Securities increased their price target on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and boosted their price target for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. Compass Point began coverage on shares of Roku in a research note on Sunday. They issued a “buy” rating for the company. Finally, UBS Group increased their target price on Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $97.67.

Roku Stock Performance

The company has a market cap of $11.87 billion, a PE ratio of -91.29 and a beta of 2.12. The stock’s 50-day simple moving average is $80.89 and its 200 day simple moving average is $77.32.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, sell-side analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,116,936.26. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Charles Collier sold 7,181 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the completion of the sale, the insider now directly owns 7,380 shares in the company, valued at $577,485. This represents a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,908 shares of company stock worth $8,633,436. 13.98% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roku

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in Roku by 23.9% in the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after purchasing an additional 121 shares during the last quarter. United Advisor Group LLC boosted its position in shares of Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after buying an additional 130 shares during the period. Cerity Partners LLC grew its holdings in Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock worth $1,984,000 after buying an additional 145 shares in the last quarter. True Vision MN LLC increased its position in Roku by 3.1% in the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after acquiring an additional 152 shares during the period. Finally, Richard W. Paul & Associates LLC boosted its position in Roku by 1.1% during the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock worth $1,189,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds 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.