Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s share price was down 1% during mid-day trading on Friday . The stock traded as low as $70.77 and last traded at $71.31. Approximately 638,677 shares changed hands during trading, a decline of 86% from the average daily volume of 4,425,522 shares. The stock had previously closed at $72.03.
Analyst Upgrades and Downgrades
Several analysts recently commented on ROKU shares. Wells Fargo & Company raised their price target on shares of Roku from $72.00 to $74.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Guggenheim upgraded shares of Roku from a "neutral" rating to a "buy" rating and set a $75.00 target price on the stock in a research report on Friday, August 23rd. Rosenblatt Securities lifted their target price on shares of Roku from $61.00 to $86.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Citigroup lifted their target price on shares of Roku from $60.00 to $77.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Roku from $90.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $83.95.
Check Out Our Latest Report on Roku
Roku Stock Performance
The company has a 50-day simple moving average of $73.35 and a 200-day simple moving average of $64.05. The company has a market cap of $10.72 billion, a price-to-earnings ratio of -59.42 and a beta of 2.07.
Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. The company had revenue of $1.06 billion for 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 quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.33) EPS. As a group, equities research analysts forecast that Roku, Inc. will post -1.1 EPS for the current year.
Insiders Place Their Bets
In related news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total value of $76,250.00. Following the completion of the transaction, the chief financial officer now owns 53,267 shares of the company's stock, valued at approximately $4,061,608.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Roku news, 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 transaction of $76,250.00. Following the completion of the sale, the chief financial officer now owns 53,267 shares of the company's stock, valued at approximately $4,061,608.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares of the company's stock, valued at approximately $376,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,776 shares of company stock valued at $5,267,305. Corporate insiders own 13.98% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ROKU. ARK Investment Management LLC grew its position in shares of Roku by 1.3% in the 2nd quarter. ARK Investment Management LLC now owns 12,716,432 shares of the company's stock worth $762,096,000 after acquiring an additional 159,785 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Roku by 0.8% during the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company's stock valued at $778,560,000 after purchasing an additional 92,658 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Roku by 5.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company's stock worth $30,013,000 after purchasing an additional 24,926 shares during the period. Swiss National Bank lifted its holdings in shares of Roku by 1.3% in the 3rd quarter. Swiss National Bank now owns 376,800 shares of the company's stock worth $28,132,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Roku by 138.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company's stock valued at $22,314,000 after purchasing an additional 198,600 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.
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.
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