Roku (NASDAQ:ROKU) Trading Down 0% - Time to Sell?

Shares of Roku, Inc. (NASDAQ:ROKU - Get Free Report) were down 0% on Thursday . The stock traded as low as $75.51 and last traded at $77.84. Approximately 684,817 shares changed hands during trading, a decline of 81% from the average daily volume of 3,675,501 shares. The stock had previously closed at $77.87.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Compass Point began coverage on Roku in a research note on Sunday, March 23rd. They set a "buy" rating on the stock. Pivotal Research upgraded shares of Roku from a "hold" rating to a "buy" rating and increased their price target for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 price target on shares of Roku in a report on Monday, March 24th. Moffett Nathanson upgraded Roku from a "sell" rating to a "neutral" rating and set a $70.00 target price on the stock in a research report on Tuesday, March 4th. Finally, Wedbush reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Roku in a report on Monday, February 10th. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.55.

Roku Price Performance

The company has a market cap of $10.58 billion, a P/E ratio of -81.45 and a beta of 2.12. The business's 50 day moving average price is $81.10 and its 200-day moving average price is $77.67.

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

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, the chief executive officer now owns 6,243 shares in the company, valued at $468,225. The trade was a 42.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of the transaction, the chief accounting officer now directly owns 7,256 shares in the company, valued at approximately $583,092.16. The trade was a 20.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,908 shares of company stock worth $8,633,436. Corporate insiders own 13.98% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after acquiring an additional 4,613,570 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Roku by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock valued at $910,597,000 after acquiring an additional 185,676 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after buying an additional 2,030,036 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Roku by 10.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock valued at $168,734,000 after purchasing an additional 215,841 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 56,820 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

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.