Roku (NASDAQ:ROKU) Trading Down 0.1%

Roku, Inc. (NASDAQ:ROKU)’s stock price traded down 0.1% on Monday . The stock traded as low as $74.19 and last traded at $74.37. 393,296 shares were traded during mid-day trading, a decline of 91% from the average session volume of 4,525,041 shares. The stock had previously closed at $74.41.

Analyst Ratings Changes

Several research firms have weighed in on ROKU. Macquarie dropped their target price on Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday, August 23rd. Rosenblatt Securities decreased their price target on shares of Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Citigroup upped their price objective on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Bank of America lifted their target price on Roku from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Roku has an average rating of “Hold” and an average price target of $80.29.

Roku Stock Performance

The business has a 50-day moving average of $64.93 and a 200-day moving average of $61.65. The stock has a market capitalization of $10.73 billion, a price-to-earnings ratio of -18.56 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.21. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The business had revenue of $968.18 million during the quarter, compared to the consensus estimate of $937.78 million. During the same period in the prior year, the company earned ($0.76) earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. On average, research analysts predict that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other news, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the sale, the insider now owns 38,602 shares in the company, valued at $2,485,582.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the sale, the insider now owns 38,602 shares of the company’s stock, valued at $2,485,582.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $75.33, for a total transaction of $75,330.00. Following the transaction, the chief financial officer now directly owns 54,267 shares of the company’s stock, valued at $4,087,933.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,945 shares of company stock worth $3,465,135. 13.98% of the stock is owned by company insiders.

Institutional Trading of Roku

A number of institutional investors have recently modified their holdings of the business. Quarry LP increased its holdings in Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 266 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after purchasing an additional 610 shares in the last quarter. Finally, Cedar Wealth Management LLC acquired a new stake in Roku in the second quarter valued at $48,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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.