Roku (NASDAQ:ROKU) Stock Price Up 3.7%

Roku, Inc. (NASDAQ:ROKUGet Rating)’s stock price rose 3.7% during trading on Friday . The company traded as high as $51.85 and last traded at $51.78. Approximately 25,502 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 6,371,664 shares. The stock had previously closed at $49.94.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial downgraded Roku from a “buy” rating to a “hold” rating and lowered their price target for the company from $90.00 to $50.00 in a report on Tuesday, January 17th. Jefferies Financial Group downgraded Roku from a “hold” rating to an “underperform” rating and lowered their price target for the company from $45.00 to $30.00 in a report on Thursday, January 12th. DA Davidson lowered their price target on Roku from $130.00 to $80.00 in a report on Thursday, November 3rd. Rosenblatt Securities downgraded Roku from a “buy” rating to a “neutral” rating and lowered their price target for the company from $100.00 to $51.00 in a report on Thursday, November 3rd. Finally, Needham & Company LLC lowered their price target on Roku from $95.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $87.36.

Roku Stock Up 4.9 %

The company’s fifty day moving average is $49.61 and its two-hundred day moving average is $61.93. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of -30.46 and a beta of 1.62.

Roku (NASDAQ:ROKUGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.88) earnings per share for the quarter, beating the consensus estimate of ($1.37) by $0.49. Roku had a negative net margin of 7.59% and a negative return on equity of 8.50%. The business had revenue of $761.37 million for the quarter, compared to analyst estimates of $698.93 million. On average, equities research analysts expect that Roku, Inc. will post -3.65 EPS for the current year.

Insiders Place Their Bets

In other Roku news, SVP Gilbert Fuchsberg sold 2,040 shares of Roku stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $59.16, for a total value of $120,686.40. Following the sale, the senior vice president now owns 32,645 shares of the company’s stock, valued at approximately $1,931,278.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Gilbert Fuchsberg sold 2,040 shares of the company’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $59.16, for a total transaction of $120,686.40. Following the completion of the transaction, the senior vice president now directly owns 32,645 shares of the company’s stock, valued at $1,931,278.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gidon Katz sold 7,010 shares of the company’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $56.46, for a total value of $395,784.60. Following the transaction, the insider now directly owns 13,917 shares of the company’s stock, valued at $785,753.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,519 shares of company stock worth $599,411. Company insiders own 13.79% of the company’s stock.

Hedge Funds Weigh In On Roku

Hedge funds and other institutional investors have recently made changes to their positions in the company. Glassman Wealth Services grew its stake in shares of Roku by 334.3% in the second quarter. Glassman Wealth Services now owns 304 shares of the company’s stock valued at $25,000 after buying an additional 234 shares in the last quarter. Covestor Ltd lifted its holdings in Roku by 693.2% during the 1st quarter. Covestor Ltd now owns 349 shares of the company’s stock valued at $44,000 after purchasing an additional 305 shares during the last quarter. Bellwether Advisors LLC lifted its holdings in Roku by 1,757.1% during the 2nd quarter. Bellwether Advisors LLC now owns 390 shares of the company’s stock valued at $32,000 after purchasing an additional 369 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. lifted its holdings in Roku by 8,000.0% during the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 405 shares of the company’s stock valued at $33,000 after purchasing an additional 400 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in Roku by 193.5% during the 2nd quarter. North Star Investment Management Corp. now owns 455 shares of the company’s stock valued at $37,000 after purchasing an additional 300 shares during the last quarter. 66.11% of the stock is owned by institutional investors.

About Roku

(Get Rating)

Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Platform and Player. The Platform segment includes digital advertising and related services including the OneView ad platform, content distribution, and licensing arrangements with service operators and TV brands.

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