Roku, Inc. (NASDAQ:ROKU) Short Interest Down 18.1% in November

Roku, Inc. (NASDAQ:ROKU - Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 10,250,000 shares, a decrease of 18.1% from the November 15th total of 12,520,000 shares. Based on an average trading volume of 3,950,000 shares, the short-interest ratio is currently 2.6 days.

Roku Stock Up 1.3 %

Shares of ROKU stock traded up $1.09 on Friday, reaching $82.99. 2,019,540 shares of the stock were exchanged, compared to its average volume of 4,404,422. The stock has a market cap of $12.05 billion, a P/E ratio of -69.16 and a beta of 2.06. The firm has a 50 day moving average of $75.00 and a two-hundred day moving average of $66.89. Roku has a 1-year low of $48.33 and a 1-year high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm's revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.33) earnings per share. On average, equities research analysts predict that Roku will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the completion of the transaction, the chief accounting officer now directly owns 7,264 shares of the company's stock, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Charles Collier sold 10,771 shares of Roku stock in a transaction that occurred 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 owns 3,790 shares of the company's stock, valued at approximately $269,620.60. The trade was a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,096 shares of company stock valued at $5,653,823 over the last quarter. Company insiders own 13.98% of the company's stock.

Institutional Investors Weigh In On Roku

Several institutional investors have recently bought and sold shares of ROKU. Raelipskie Partnership acquired a new position in shares of Roku during the third quarter worth $32,000. Future Financial Wealth Managment LLC acquired a new position in shares of Roku in the 3rd quarter valued at approximately $43,000. GS Investments Inc. raised its holdings in Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company's stock worth $40,000 after acquiring an additional 375 shares in the last quarter. Finally, Cedar Wealth Management LLC bought a new stake in shares of Roku in the 2nd quarter worth about $48,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Loop Capital raised their price target on Roku from $70.00 to $80.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Baird R W upgraded shares of Roku from a "hold" rating to a "strong-buy" rating in a report on Monday, November 18th. Jefferies Financial Group lowered their price target on shares of Roku from $60.00 to $55.00 and set an "underperform" rating on the stock in a research report on Friday, November 1st. Citigroup lifted their price objective on Roku from $60.00 to $77.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Finally, Robert W. Baird raised Roku from a "neutral" rating to an "outperform" rating and upped their target price for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Roku presently has an average rating of "Moderate Buy" and a consensus target price of $83.81.

About Roku

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.