Roku, Inc. (NASDAQ:ROKU - Get Free Report) shares fell 6.2% on Thursday . The stock traded as low as $58.64 and last traded at $59.91. 1,732,119 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 3,775,323 shares. The stock had previously closed at $63.86.
Analysts Set New Price Targets
ROKU has been the subject of a number of research analyst reports. Jefferies Financial Group raised Roku from an "underperform" rating to a "hold" rating and raised their price target for the stock from $55.00 to $100.00 in a research note on Thursday, February 20th. Moffett Nathanson raised 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. Needham & Company LLC reissued a "buy" rating and issued a $88.50 price target on shares of Roku in a research report on Monday. Benchmark lifted their price target on shares of Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Compass Point began coverage on shares of Roku in a research note on Sunday, March 23rd. They issued a "buy" rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $95.33.
Check Out Our Latest Stock Analysis on ROKU
Roku Trading Down 1.2 %
The business has a fifty day moving average price of $76.49 and a two-hundred day moving average price of $76.59. The firm has a market capitalization of $8.68 billion, a PE ratio of -66.85 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) earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.15 billion. On average, equities analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.
Insider Buying and Selling at Roku
In related news, CAO Matthew C. Banks sold 1,906 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the transaction, the chief accounting officer now owns 7,256 shares in the company, valued at $583,092.16. This trade represents a 20.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total transaction of $561,913.25. Following the transaction, the insider now owns 7,380 shares in the company, valued at approximately $577,485. This trade represents a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,905 shares of company stock worth $6,638,056 over the last ninety days. Corporate insiders own 13.98% of the company's stock.
Hedge Funds Weigh In On Roku
A number of large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares during the period. Vision Financial Markets LLC purchased a new stake in shares of Roku during the 4th quarter worth $30,000. Game Plan Financial Advisors LLC purchased a new position in shares of Roku in the 4th quarter valued at about $37,000. Princeton Global Asset Management LLC purchased a new stake in Roku during the first quarter worth about $35,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock valued at $37,000 after buying an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.
Roku Company Profile
(
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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