Roku (NASDAQ:ROKU) Shares Down 0.2% - Time to Sell?

Shares of Roku, Inc. (NASDAQ:ROKU - Get Free Report) dropped 0.2% during trading on Monday . The stock traded as low as $83.84 and last traded at $83.97. Approximately 1,098,094 shares were traded during trading, a decline of 75% from the average daily volume of 4,430,691 shares. The stock had previously closed at $84.12.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROKU. Moffett Nathanson upgraded shares of Roku from a "sell" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Tuesday, October 1st. Bank of America upped their price objective on Roku from $75.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Macquarie reiterated an "outperform" rating and set a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on Roku from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Piper Sandler increased their price objective on shares of Roku from $60.00 to $75.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.81.

Roku Stock Performance

The company's fifty day moving average price is $74.22 and its 200-day moving average price is $66.11. The stock has a market cap of $12.13 billion, a P/E ratio of -69.97 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.33) earnings per share. Analysts anticipate that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other news, insider Charles Collier sold 10,771 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the transaction, the insider now owns 3,790 shares in the company, valued at approximately $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Matthew C. Banks sold 8,693 shares of Roku 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 sale, the chief accounting officer now owns 7,264 shares of the company's stock, valued at $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,550 shares of company stock valued at $6,621,873 in the last quarter. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ROKU. Franklin Resources Inc. increased its holdings in Roku by 14.5% during the third quarter. Franklin Resources Inc. now owns 82,170 shares of the company's stock valued at $6,275,000 after buying an additional 10,416 shares during the period. Sender Co & Partners Inc. bought a new stake in Roku during the 3rd quarter valued at $827,000. M&T Bank Corp increased its holdings in shares of Roku by 19.1% in the 3rd quarter. M&T Bank Corp now owns 7,024 shares of the company's stock valued at $525,000 after acquiring an additional 1,126 shares during the period. Raelipskie Partnership bought a new position in shares of Roku in the 3rd quarter worth $32,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Roku by 14.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 36,420 shares of the company's stock worth $2,719,000 after purchasing an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

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.

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