Roku, Inc. (NASDAQ:ROKU - Get Free Report) shares shot up 0% on Thursday . The company traded as high as $87.00 and last traded at $85.58. 661,470 shares changed hands during trading, a decline of 82% from the average session volume of 3,664,415 shares. The stock had previously closed at $85.57.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Robert W. Baird upgraded shares of Roku from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $70.00 to $90.00 in a report on Monday, November 18th. Citizens Jmp upgraded shares of Roku to a "strong-buy" rating in a report on Tuesday, January 21st. UBS Group upped their price objective on shares of Roku from $73.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $74.00 to $129.00 in a report on Friday, February 14th. Finally, Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $96.00.
View Our Latest Report on Roku
Roku Price Performance
The company's 50-day moving average is $82.14 and its two-hundred day moving average is $76.22. The firm has a market cap of $12.19 billion, a P/E ratio of -93.83 and a beta of 2.05.
Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.
Insider Activity
In other Roku news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.73, for a total transaction of $82,730.00. Following the completion of the sale, the chief financial officer now owns 64,555 shares of the company's stock, valued at approximately $5,340,635.15. This represents a 1.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at $2,116,936.26. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,432 shares of company stock valued at $9,661,783 over the last quarter. 13.98% of the stock is owned by company insiders.
Institutional Trading of Roku
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in Roku by 369.9% during the 4th 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 bought a new position in shares of Roku during the 4th quarter worth approximately $30,000. Raelipskie Partnership bought a new position in shares of Roku during the 3rd quarter worth approximately $32,000. Game Plan Financial Advisors LLC bought a new position in shares of Roku during the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after buying an additional 491 shares in the last quarter. Institutional investors and hedge funds 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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