Roku (NASDAQ:ROKU) Trading Up 0.1% - Time to Buy?

Roku, Inc. (NASDAQ:ROKU - Get Free Report) shares were up 0.1% on Tuesday . The stock traded as high as $82.34 and last traded at $81.32. Approximately 664,378 shares changed hands during trading, a decline of 82% from the average daily volume of 3,693,114 shares. The stock had previously closed at $81.23.

Wall Street Analyst Weigh In

ROKU has been the subject of several recent research reports. Wells Fargo & Company raised shares of Roku from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Benchmark upped their target price on shares of Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. JMP Securities boosted their price target on shares of Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Roku in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their target price on Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Roku has an average rating of "Moderate Buy" and an average price target of $96.55.

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Roku Stock Performance

The firm has a market cap of $10.62 billion, a P/E ratio of -81.49 and a beta of 2.12. The firm has a 50 day simple moving average of $81.16 and a 200 day simple moving average of $77.54.

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

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the transaction, the chief financial officer now owns 63,555 shares of the company's stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony J. Wood sold 4,600 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now owns 6,243 shares of the company's stock, valued at $468,225. The trade was a 42.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,908 shares of company stock valued at $8,633,436. 13.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently made changes to their positions in ROKU. Entropy Technologies LP increased its holdings in shares of Roku by 264.4% in 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 period. Holocene Advisors LP purchased a new position in Roku in the 3rd quarter worth approximately $129,015,000. National Bank of Canada FI lifted its position in Roku by 11,626.3% in the third quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock valued at $11,259,000 after purchasing an additional 149,514 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Roku by 3.7% during the fourth 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 during the period. Finally, Achmea Investment Management B.V. grew its holdings in shares of 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 during the last quarter. Hedge funds and other 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.