Roku (NASDAQ:ROKU) Stock Price Down 0.6%

Shares of Roku, Inc. (NASDAQ:ROKUGet Free Report) were down 0.6% during mid-day trading on Friday . The stock traded as low as $64.82 and last traded at $65.17. Approximately 3,435,547 shares changed hands during trading, a decline of 22% from the average daily volume of 4,408,260 shares. The stock had previously closed at $65.58.

Analyst Ratings Changes

Several research firms have recently commented on ROKU. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Wednesday, February 21st. Citigroup dropped their target price on Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Seaport Res Ptn downgraded shares of Roku from a “neutral” rating to a “sell” rating in a research note on Monday, December 18th. Stephens reiterated an “overweight” rating and issued a $105.00 price objective on shares of Roku in a research note on Friday, February 16th. Finally, Susquehanna increased their target price on shares of Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, February 16th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.00.

Get Our Latest Stock Report on Roku

Roku Stock Down 0.6 %

The company has a 50 day simple moving average of $74.85 and a 200 day simple moving average of $80.09. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of -12.98 and a beta of 1.66.

Roku (NASDAQ:ROKUGet Free Report) last issued its earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.65) by $0.10. The firm had revenue of $984.40 million for the quarter, compared to analyst estimates of $967.72 million. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted ($1.70) earnings per share. As a group, analysts predict that Roku, Inc. will post -2.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roku news, insider Charles Collier sold 4,182 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $65.00, for a total value of $271,830.00. Following the completion of the transaction, the insider now directly owns 8,474 shares in the company, valued at $550,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roku news, insider Charles Collier sold 4,182 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $65.00, for a total value of $271,830.00. Following the completion of the transaction, the insider now directly owns 8,474 shares in the company, valued at approximately $550,810. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Stephen H. Kay sold 4,310 shares of Roku stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now owns 81,459 shares in the company, valued at approximately $5,148,208.80. The disclosure for this sale can be found here. Insiders have sold 79,543 shares of company stock worth $6,631,587 in the last 90 days. Insiders own 13.63% of the company’s stock.

Hedge Funds Weigh In On Roku

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Roku by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock worth $1,086,533,000 after purchasing an additional 380,409 shares during the last quarter. FMR LLC boosted its position in Roku by 85.9% during the third quarter. FMR LLC now owns 9,441,349 shares of the company’s stock valued at $666,465,000 after acquiring an additional 4,363,754 shares during the last quarter. BlackRock Inc. grew its holdings in Roku by 10.6% during the 2nd quarter. BlackRock Inc. now owns 6,503,851 shares of the company’s stock worth $415,986,000 after acquiring an additional 622,746 shares during the period. Wellington Management Group LLP lifted its stake in shares of Roku by 97.2% in the 1st quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock valued at $522,878,000 after purchasing an additional 2,057,633 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Roku by 772.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock valued at $351,771,000 after purchasing an additional 2,486,100 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

Roku Company Profile

(Get Free Report)

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.

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