Roku (NASDAQ:ROKU) Stock Price Up 3.9% - What's Next?

Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s stock price rose 3.9% during trading on Monday . The company traded as high as $76.79 and last traded at $76.67. Approximately 892,224 shares changed hands during trading, a decline of 80% from the average daily volume of 4,425,953 shares. The stock had previously closed at $73.82.

Wall Street Analyst Weigh In

ROKU has been the topic of several analyst reports. Bank of America increased their price objective on Roku from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Moffett Nathanson raised Roku from a "sell" rating to a "neutral" rating and set a $80.00 price objective on the stock in a report on Tuesday, October 1st. Wolfe Research raised Roku from a "peer perform" rating to an "outperform" rating and set a $93.00 price objective on the stock in a report on Thursday, September 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Roku in a report on Thursday, October 31st. Finally, Jefferies Financial Group dropped their price objective on Roku from $60.00 to $55.00 and set an "underperform" rating on the stock in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Roku presently has a consensus rating of "Hold" and a consensus target price of $83.95.

Roku Trading Up 3.8 %

The stock has a market capitalization of $11.13 billion, a PE ratio of -63.89 and a beta of 2.07. The company's 50 day simple moving average is $73.47 and its 200 day simple moving average is $64.19.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the company earned ($2.33) EPS. Roku's revenue for the quarter was up 16.5% on a year-over-year basis. As a group, analysts predict that Roku, Inc. will post -1.1 EPS for the current year.

Insider Activity

In other news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares of the company's stock, valued at $4,087,933.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares of the company's stock, valued at approximately $4,087,933.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,776 shares of company stock valued at $5,267,305 in the last ninety days. Company insiders own 13.98% of the company's stock.

Hedge Funds Weigh In On Roku

Institutional investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in Roku in the 3rd quarter worth $43,000. EverSource Wealth Advisors LLC lifted its holdings in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company's stock worth $40,000 after buying an additional 375 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Roku by 835.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company's stock worth $45,000 after buying an additional 610 shares in the last quarter. Cedar Wealth Management LLC acquired a new stake in shares of Roku in the 2nd quarter valued at about $48,000. Finally, Natixis acquired a new stake in shares of Roku in the 1st quarter valued at about $53,000. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Company Profile

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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