Roku (NASDAQ:ROKU) Trading 2.6% Higher

Roku, Inc. (NASDAQ:ROKU) shares were up 2.6% during trading on Monday . The stock traded as high as $61.17 and last traded at $60.63. Approximately 1,398,325 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 5,732,830 shares. The stock had previously closed at $59.11.

Wall Street Analyst Weigh In

ROKU has been the topic of several recent research reports. Oppenheimer cut shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Friday, February 16th. Piper Sandler reaffirmed a “neutral” rating and issued a $65.00 target price (down from $81.00) on shares of Roku in a report on Friday, April 26th. Susquehanna cut their price target on Roku from $110.00 to $80.00 and set a “positive” rating for the company in a report on Monday, April 29th. Pivotal Research decreased their price objective on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Finally, Morgan Stanley reduced their target price on shares of Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, April 5th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Roku has a consensus rating of “Hold” and a consensus target price of $82.50.

Roku Stock Performance

The firm has a market capitalization of $8.58 billion, a P/E ratio of -14.92 and a beta of 1.69. The stock’s 50 day simple moving average is $61.83 and its 200 day simple moving average is $78.16.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.29. The company had revenue of $881.50 million for the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. Roku’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.38) earnings per share. On average, analysts anticipate that Roku, Inc. will post -1.94 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Stephen H. Kay sold 4,310 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the completion of the transaction, the senior vice president now owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The disclosure for this sale can be found here. Insiders sold a total of 54,751 shares of company stock valued at $4,375,835 over the last three months. 13.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On Roku

Large investors have recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in shares of Roku in the fourth quarter worth about $27,000. Creative Financial Designs Inc. ADV acquired a new stake in Roku during the 4th quarter valued at approximately $29,000. Quarry LP boosted its holdings in shares of Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 266 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Roku in the third quarter worth $37,000. Finally, Headinvest LLC purchased a new position in shares of Roku during the third quarter worth $42,000. 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.