Roku (NASDAQ:ROKU) Trading 0.1% Higher - What's Next?

Roku, Inc. (NASDAQ:ROKU - Get Free Report) shares shot up 0.1% during trading on Friday . The stock traded as high as $58.82 and last traded at $58.46. 2,568,091 shares were traded during trading, a decline of 32% from the average session volume of 3,798,898 shares. The stock had previously closed at $58.40.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Benchmark reiterated a "buy" rating and issued a $130.00 price objective on shares of Roku in a research note on Monday. Rosenblatt Securities reiterated a "neutral" rating and set a $86.00 price target on shares of Roku in a report on Thursday, February 13th. UBS Group decreased their price objective on shares of Roku from $90.00 to $72.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC restated a "buy" rating and issued a $88.50 price target on shares of Roku in a research note on Monday, April 14th. Finally, Compass Point began coverage on Roku in a research report on Sunday, March 23rd. They set a "buy" rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Roku presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.37.

Roku Stock Up 0.1 %

The firm has a market cap of $8.64 billion, a PE ratio of -66.55 and a beta of 2.17. The company's fifty day moving average price is $73.56 and its two-hundred day moving average price is $75.92.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (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 business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Dan Jedda sold 5,000 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the completion of the transaction, the chief financial officer now owns 58,555 shares in the company, valued at $5,878,922. This trade represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at $2,333,486.34. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,905 shares of company stock valued at $6,560,876. Corporate insiders own 13.98% of the company's stock.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently modified their holdings of the business. Entropy Technologies LP raised its position in shares of Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock worth $1,898,000 after purchasing an additional 18,520 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock valued at $159,353,000 after acquiring an additional 56,820 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Roku by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock worth $73,661,000 after purchasing an additional 34,898 shares in the last quarter. Achmea Investment Management B.V. lifted its holdings in Roku by 146.4% in the 4th quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock valued at $756,000 after purchasing an additional 6,042 shares in the last quarter. Finally, Allstate Corp acquired a new stake in shares of Roku during the 4th quarter worth about $275,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

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.