Roku (NASDAQ:ROKU) Trading Down 0.4% - What's Next?

Roku, Inc. (NASDAQ:ROKU - Get Free Report) shares were down 0.4% on Thursday . The stock traded as low as $57.38 and last traded at $58.17. Approximately 579,245 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 3,787,412 shares. The stock had previously closed at $58.40.

Wall Street Analyst Weigh In

Several research firms recently commented on ROKU. Benchmark reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Roku in a report on Monday. Citigroup upgraded Roku from a "neutral" rating to an "outperform" rating in a research note on Sunday, March 23rd. Rosenblatt Securities reaffirmed a "neutral" rating and set a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target for the company in a report on Tuesday, March 4th. Finally, Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $74.00 to $129.00 in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $94.11.

Roku Trading Up 1.2 %

The firm has a fifty day moving average of $74.07 and a two-hundred day moving average of $76.04. The company has a market capitalization of $8.64 billion, a PE ratio of -66.48 and a beta of 2.17.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, equities analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal 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 Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $2,510,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,664,415.20. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now owns 68,843 shares in the company, valued at $5,163,225. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,905 shares of company stock valued at $6,560,876 over the last ninety days. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ROKU. Farther Finance Advisors LLC boosted its position in shares of Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after purchasing an additional 121 shares in the last quarter. United Advisor Group LLC lifted its position in Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after buying an additional 130 shares during the period. Cerity Partners LLC boosted its holdings in shares of Roku by 0.5% during the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock valued at $1,984,000 after buying an additional 145 shares in the last quarter. Richard W. Paul & Associates LLC grew its position in shares of Roku by 1.1% in the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company's stock worth $1,189,000 after buying an additional 177 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of Roku by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,859 shares of the company's stock worth $287,000 after acquiring an additional 191 shares in 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.