Roku (NASDAQ:ROKU) Trading Down 0.1% - What's Next?

Shares of Roku, Inc. (NASDAQ:ROKU - Get Free Report) were down 0.1% on Thursday . The company traded as low as $77.55 and last traded at $78.39. Approximately 631,601 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 4,365,909 shares. The stock had previously closed at $78.49.

Analyst Ratings Changes

ROKU has been the topic of several recent research reports. Jefferies Financial Group reduced their price objective on Roku from $60.00 to $55.00 and set an "underperform" rating on the stock in a research report on Friday, November 1st. Robert W. Baird upgraded shares of 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 report on Monday, November 18th. Baird R W upgraded shares of Roku from a "hold" rating to a "strong-buy" rating in a report on Monday, November 18th. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $80.00 price objective on the stock in a research note on Tuesday, October 1st. Finally, Bank of America lifted their target price on shares of Roku from $75.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.81.

Roku Stock Down 0.1 %

The stock has a market capitalization of $11.39 billion, a PE ratio of -65.36 and a beta of 2.06. The stock's 50-day moving average is $75.26 and its 200 day moving average is $67.48.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted ($2.33) earnings per share. The business's quarterly revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts forecast that Roku, Inc. will post -1.1 EPS for the current year.

Insider Buying and Selling

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total value of $76,250.00. Following the transaction, the chief financial officer now directly owns 53,267 shares of the company's stock, valued at $4,061,608.75. This represents a 1.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,096 shares of company stock worth $5,661,223. Corporate insiders own 13.98% of the company's stock.

Institutional Trading of Roku

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

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.