Roku (NASDAQ:ROKU) Shares Up 1.2% - What's Next?

Roku, Inc. (NASDAQ:ROKU - Get Free Report) shares were up 1.2% on Tuesday . The stock traded as high as $73.56 and last traded at $71.26. Approximately 720,456 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 3,701,169 shares. The stock had previously closed at $70.44.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ROKU shares. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price target on shares of Roku in a research note on Monday, March 24th. FBN Securities initiated coverage on Roku in a research report on Friday, March 28th. They issued an "outperform" rating and a $93.00 target price on the stock. UBS Group upgraded Roku from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 27th. Wedbush reiterated an "outperform" rating and set a $100.00 price objective on shares of Roku in a research report on Monday, February 10th. Finally, Citigroup raised shares of Roku from a "neutral" rating to an "outperform" rating in a research report on Sunday, March 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.55.

Roku Stock Performance

The firm's fifty day moving average is $80.80 and its 200-day moving average is $77.67. The company has a market capitalization of $10.39 billion, a P/E ratio of -80.12 and a beta of 2.12.

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

Insider Buying and Selling at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the sale, the chief financial officer now owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the transaction, the chief executive officer now owns 26,538 shares of the company's stock, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,908 shares of company stock worth $8,633,436. 13.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Entropy Technologies LP raised its stake in Roku by 264.4% during the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock worth $1,898,000 after buying an additional 18,520 shares during the last quarter. National Bank of Canada FI raised its position in shares of Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock worth $11,259,000 after acquiring an additional 149,514 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Roku by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock valued at $73,661,000 after purchasing an additional 34,898 shares in the last quarter. Achmea Investment Management B.V. increased its holdings in Roku by 146.4% in the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock worth $756,000 after purchasing an additional 6,042 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in Roku in the fourth quarter valued at approximately $823,000. Institutional investors 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.