Roku (NASDAQ:ROKU) Stock Price Up 0.4% - Here's What Happened

Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s share price shot up 0.4% on Tuesday . The stock traded as high as $60.29 and last traded at $59.72. 835,088 shares were traded during mid-day trading, a decline of 78% from the average session volume of 3,793,657 shares. The stock had previously closed at $59.50.

Analyst Ratings Changes

ROKU has been the topic of a number of research analyst reports. UBS Group lowered their price target on Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday. Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Roku in a report on Monday, February 10th. Citizens Jmp upgraded Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Piper Sandler initiated coverage on shares of Roku in a research note on Thursday. They issued a "neutral" rating and a $65.00 price target on the stock. Finally, Pivotal Research upgraded Roku from a "hold" rating to a "buy" rating and upped their target price for the stock from $65.00 to $125.00 in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.11.

Roku Price Performance

The company has a fifty day moving average price of $74.07 and a two-hundred day moving average price of $76.02. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of -65.69 and a beta of 2.17.

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 business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 5,000 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the transaction, the chief financial officer now owns 58,555 shares of the company's stock, valued at approximately $5,878,922. The trade was a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Monday, February 10th. The shares were 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 owns 26,538 shares of the company's stock, valued at approximately $2,333,486.34. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,905 shares of company stock worth $6,560,876 in the last 90 days. 13.98% of the stock is owned by company insiders.

Institutional Trading of Roku

Institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in Roku by 31.7% in the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after acquiring an additional 4,613,570 shares during the period. Vanguard Group Inc. boosted its position in Roku by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock valued at $910,597,000 after purchasing an additional 185,676 shares during the last quarter. Marshall Wace LLP increased its holdings in Roku by 663.9% during the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after buying an additional 2,030,036 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Roku by 10.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock worth $168,734,000 after acquiring an additional 215,841 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after buying an additional 56,820 shares during the period. Institutional investors and hedge funds 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.