Roku, Inc. (NASDAQ:ROKU - Get Free Report) fell 2% on Tuesday . The company traded as low as $81.54 and last traded at $82.87. 1,233,304 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 2,840,788 shares. The stock had previously closed at $84.60.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ROKU. Baird R W upgraded Roku from a "hold" rating to a "strong-buy" rating in a report on Monday, November 18th. UBS Group increased their target price on Roku from $73.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday. Jefferies Financial Group reduced their target price on Roku from $60.00 to $55.00 and set an "underperform" rating for the company in a research note on Friday, November 1st. Robert W. Baird upgraded Roku from a "neutral" rating to an "outperform" rating and increased their target price for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $86.00 target price on shares of Roku in a research note on Thursday. Three research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.18.
View Our Latest Analysis on Roku
Roku Price Performance
The company has a 50-day simple moving average of $80.56 and a two-hundred day simple moving average of $73.65. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of -82.56 and a beta of 2.05.
Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Research analysts anticipate that Roku, Inc. will post -1.09 EPS for the current year.
Insider Activity
In related news, insider Charles Collier sold 10,771 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the sale, the insider now directly owns 3,790 shares of the company's stock, valued at approximately $269,620.60. This represents a 73.97 % decrease in their position. The sale 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 dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total value of $2,198,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,333,486.34. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,885 shares of company stock valued at $7,911,162. Company insiders own 13.98% of the company's stock.
Institutional Investors Weigh In On Roku
Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in shares of Roku by 23.9% in the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after acquiring an additional 121 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock valued at $1,984,000 after acquiring an additional 145 shares in the last quarter. GS Investments Inc. raised its stake in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. PFG Investments LLC raised its stake in shares of Roku by 3.7% in the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company's stock valued at $310,000 after acquiring an additional 150 shares in the last quarter. Finally, True Vision MN LLC raised its stake in shares of Roku by 3.1% in the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company's stock valued at $375,000 after acquiring an additional 152 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.
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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