Short Interest in Roku, Inc. (NASDAQ:ROKU) Rises By 24.7%

Roku, Inc. (NASDAQ:ROKUGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 9,030,000 shares, an increase of 24.7% from the April 15th total of 7,240,000 shares. Based on an average trading volume of 8,080,000 shares, the days-to-cover ratio is currently 1.1 days.

ROKU traded up $3.21 during trading hours on Tuesday, hitting $96.47. The company’s stock had a trading volume of 113,518 shares, compared to its average volume of 8,647,610. The business’s 50-day moving average price is $110.17 and its 200-day moving average price is $167.58. Roku has a 12 month low of $75.12 and a 12 month high of $490.76. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 96.28 and a beta of 1.95.

Roku (NASDAQ:ROKUGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Roku had a return on equity of 5.17% and a net margin of 4.78%. The business had revenue of $733.70 million during the quarter, compared to the consensus estimate of $718.56 million. During the same quarter in the prior year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. As a group, equities analysts predict that Roku will post -1.84 earnings per share for the current year.

A number of brokerages have recently issued reports on ROKU. Morgan Stanley cut their price objective on shares of Roku from $115.00 to $105.00 in a research note on Friday, April 29th. KeyCorp decreased their price target on shares of Roku from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, April 11th. Wells Fargo & Company reduced their price objective on shares of Roku from $305.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday, February 18th. Rosenblatt Securities initiated coverage on shares of Roku in a research note on Tuesday, April 19th. They set a “buy” rating and a $188.00 price objective for the company. Finally, Benchmark reduced their price objective on shares of Roku from $305.00 to $240.00 in a research note on Thursday, April 21st. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Roku presently has an average rating of “Buy” and a consensus target price of $221.92.

In related news, VP Scott A. Rosenberg sold 1,869 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $129.33, for a total transaction of $241,717.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $138.28, for a total transaction of $11,062,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,946 shares of company stock worth $11,831,274. Corporate insiders own 15.32% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ROKU. Lindbrook Capital LLC increased its position in Roku by 156.5% during the first quarter. Lindbrook Capital LLC now owns 218 shares of the company’s stock valued at $27,000 after acquiring an additional 133 shares during the last quarter. Zullo Investment Group Inc. increased its position in Roku by 150.0% during the first quarter. Zullo Investment Group Inc. now owns 250 shares of the company’s stock valued at $31,000 after acquiring an additional 150 shares during the last quarter. Bellwether Advisors LLC increased its position in Roku by 576.2% during the fourth quarter. Bellwether Advisors LLC now owns 142 shares of the company’s stock valued at $32,000 after acquiring an additional 121 shares during the last quarter. KB Financial Partners LLC bought a new position in Roku during the fourth quarter valued at $34,000. Finally, Credit Agricole S A increased its position in Roku by 60.0% during the fourth quarter. Credit Agricole S A now owns 168 shares of the company’s stock valued at $38,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

Roku Company Profile (Get Rating)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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