Roku, Inc. (NASDAQ:ROKU - Get Free Report) shares traded up 1.2% during trading on Tuesday . The stock traded as high as $81.99 and last traded at $81.16. 464,382 shares traded hands during trading, a decline of 83% from the average session volume of 2,764,608 shares. The stock had previously closed at $80.21.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. JMP Securities assumed coverage on Roku in a report on Tuesday, January 21st. They issued a "mkt outperform" rating and a $95.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Moffett Nathanson downgraded shares of Roku from a "neutral" rating to a "sell" rating and set a $55.00 target price on the stock. in a research report on Friday, January 10th. Baird R W raised shares of Roku from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 18th. Finally, Rosenblatt Securities lifted their price objective on shares of Roku from $61.00 to $86.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $83.18.
View Our Latest Report on ROKU
Roku Stock Down 3.0 %
The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of -68.96 and a beta of 2.05. The company's 50 day moving average price is $78.21 and its 200 day moving average price is $71.88.
Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.35) by $0.29. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.33) EPS. As a group, analysts expect that Roku, Inc. will post -1.09 earnings per share for the current year.
Insider Activity at Roku
In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,193,100.32. The trade was a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the sale, the chief financial officer now directly owns 65,555 shares in the company, valued at $4,916,625. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,885 shares of company stock worth $5,712,912 over the last quarter. Insiders own 13.98% of the company's stock.
Hedge Funds Weigh In On Roku
Several large investors have recently made changes to their positions in ROKU. Geneos Wealth Management Inc. increased its position in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares in the last quarter. Raelipskie Partnership purchased a new stake in Roku in the 3rd quarter worth $32,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the fourth quarter worth $37,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Roku in the third quarter valued at about $43,000. Finally, GS Investments Inc. increased its position in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company's stock worth $44,000 after purchasing an additional 147 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.
About Roku
(
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.
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