Roku (NASDAQ:ROKU) Stock Price Down 0.7%

Roku, Inc. (NASDAQ:ROKU)’s stock price dropped 0.7% during mid-day trading on Thursday . The stock traded as low as $58.04 and last traded at $58.69. Approximately 964,752 shares traded hands during trading, a decline of 83% from the average daily volume of 5,783,581 shares. The stock had previously closed at $59.13.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROKU. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Friday, April 26th. Susquehanna lowered their target price on shares of Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research note on Monday. Morgan Stanley dropped their target price on shares of Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, April 5th. Wedbush decreased their price target on shares of Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Wells Fargo & Company lifted their price objective on shares of Roku from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $82.50.

Roku Trading Up 1.4 %

The firm has a fifty day moving average of $62.24 and a two-hundred day moving average of $78.31. The company has a market capitalization of $8.60 billion, a PE ratio of -14.71 and a beta of 1.69.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same quarter in the previous year, the company posted ($1.38) earnings per share. The business’s revenue was up 19.0% on a year-over-year basis. On average, equities analysts expect that Roku, Inc. will post -1.98 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Roku news, Director Jeffrey M. Blackburn bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the completion of the acquisition, the director now directly owns 8,000 shares in the company, valued at $511,680. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the sale, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. Insiders sold 54,545 shares of company stock valued at $4,364,035 in the last quarter. Company insiders own 13.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB increased its position in shares of Roku by 8.1% during the third quarter. Handelsbanken Fonder AB now owns 21,300 shares of the company’s stock valued at $1,504,000 after buying an additional 1,600 shares during the period. Commonwealth Equity Services LLC boosted its position in Roku by 209.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 105,339 shares of the company’s stock valued at $7,436,000 after acquiring an additional 71,257 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Roku by 68.0% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,400 shares of the company’s stock worth $2,075,000 after acquiring an additional 11,900 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Roku by 147.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 14,924 shares of the company’s stock worth $1,053,000 after acquiring an additional 8,890 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Roku by 2.6% in the 3rd quarter. Raymond James & Associates now owns 33,950 shares of the company’s stock valued at $2,397,000 after purchasing an additional 869 shares during the period. 86.30% of the stock is currently owned by institutional investors.

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.