Roku (NASDAQ:ROKU) Trading Down 0.9% - Here's What Happened

Shares of Roku, Inc. (NASDAQ:ROKU - Get Free Report) fell 0.9% during trading on Thursday . The company traded as low as $91.02 and last traded at $91.59. 1,001,351 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 3,696,046 shares. The stock had previously closed at $92.41.

Analysts Set New Price Targets

A number of brokerages have commented on ROKU. JMP Securities raised their price objective on Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. Benchmark raised their price objective on Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Citigroup raised their price objective on Roku from $70.00 to $103.00 and gave the stock a "neutral" rating in a research report on Thursday. Baird R W upgraded Roku from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 18th. Finally, Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Roku in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $96.00.

Roku Trading Down 4.2 %

The stock has a fifty day moving average of $81.67 and a two-hundred day moving average of $74.99. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of -99.84 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. Equities analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dan Jedda sold 5,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $502,000.00. Following the completion of the transaction, the chief financial officer now owns 58,555 shares in the company, valued at $5,878,922. The trade was a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,421 shares of company stock worth $9,660,786. Insiders own 13.98% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Empirical Capital Management LLC boosted its position in shares of Roku by 0.5% in the 4th quarter. Empirical Capital Management LLC now owns 284,500 shares of the company's stock worth $21,150,000 after purchasing an additional 1,300 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Roku in the 4th quarter worth $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Roku by 7.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,191 shares of the company's stock worth $39,191,000 after purchasing an additional 37,945 shares during the last quarter. Waverly Advisors LLC boosted its position in shares of Roku by 8.2% in the 4th quarter. Waverly Advisors LLC now owns 3,765 shares of the company's stock worth $280,000 after purchasing an additional 285 shares during the last quarter. Finally, Woodline Partners LP bought a new position in shares of Roku in the 4th quarter worth $1,970,000. 86.30% of the stock is currently owned by institutional investors.

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.