Shares of Roku, Inc. (NASDAQ:ROKU - Get Free Report) fell 2.1% during trading on Friday . The stock traded as low as $57.18 and last traded at $58.00. 1,262,575 shares changed hands during trading, a decline of 67% from the average session volume of 3,781,759 shares. The stock had previously closed at $59.27.
Analysts Set New Price Targets
ROKU has been the subject of a number of analyst reports. Compass Point initiated coverage on shares of Roku in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Bank of America began coverage on Roku in a report on Thursday, March 27th. They issued a "buy" rating and a $100.00 price objective on the stock. Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and increased their target price for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Roku in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.54.
Read Our Latest Stock Analysis on ROKU
Roku Stock Performance
The firm has a market cap of $8.67 billion, a PE ratio of -66.73 and a beta of 2.17. The firm's 50 day moving average price is $76.05 and its two-hundred day moving average price is $76.49.
Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.
Insider Buying and Selling
In related news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the transaction, the chief financial officer now directly owns 63,555 shares of the company's stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, the chief executive officer now owns 6,243 shares of the company's stock, valued at approximately $468,225. The trade was a 42.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,905 shares of company stock worth $6,638,056 over the last 90 days. 13.98% of the stock is owned by insiders.
Institutional Trading of Roku
Several large investors have recently bought and sold shares of the company. Simon Quick Advisors LLC acquired a new position in shares of Roku in the 1st quarter worth approximately $211,000. Assenagon Asset Management S.A. acquired a new position in Roku during the 1st quarter valued at approximately $2,292,000. SG Americas Securities LLC grew its stake in Roku by 2,537.7% during the 1st quarter. SG Americas Securities LLC now owns 91,845 shares of the company's stock worth $6,470,000 after buying an additional 88,363 shares during the last quarter. GAMMA Investing LLC lifted its stake in Roku by 103.6% in the first quarter. GAMMA Investing LLC now owns 959 shares of the company's stock valued at $68,000 after buying an additional 488 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in Roku in the 1st quarter valued at about $241,000. Institutional investors and hedge funds own 86.30% of the company's stock.
Roku Company Profile
(
Get Free Report)
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.
Read More
Before you consider Roku, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roku wasn't on the list.
While Roku currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
