Roku (NASDAQ:ROKU) Trading Up 0.5%

Roku, Inc. (NASDAQ:ROKU - Get Free Report) shares were up 0.5% during mid-day trading on Thursday . The stock traded as high as $66.65 and last traded at $65.89. Approximately 1,094,230 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 6,190,117 shares. The stock had previously closed at $65.58.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Pivotal Research decreased their price target on shares of Roku from $85.00 to $75.00 and set a "hold" rating on the stock in a research report on Friday, February 16th. Wells Fargo & Company lowered Roku from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $77.00 to $51.00 in a research report on Tuesday, February 27th. Seaport Res Ptn lowered Roku from a "neutral" rating to a "sell" rating in a research report on Monday, December 18th. Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of Roku in a report on Wednesday, February 21st. Finally, Stephens reiterated an "overweight" rating and issued a $105.00 target price on shares of Roku in a report on Friday, February 16th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $86.00.

Roku Stock Performance

The stock has a market cap of $9.35 billion, a P/E ratio of -12.98 and a beta of 1.66. The stock has a 50-day moving average price of $75.29 and a 200-day moving average price of $80.23.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.65) by $0.10. The firm had revenue of $984.40 million for the quarter, compared to analysts' expectations of $967.72 million. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The business's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the company posted ($1.70) EPS. Sell-side analysts forecast that Roku, Inc. will post -2.16 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other Roku news, SVP Stephen H. Kay sold 4,310 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares in the company, valued at $5,148,208.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Roku news, SVP Stephen H. Kay sold 4,310 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the sale, the senior vice president now directly owns 81,459 shares of the company's stock, valued at $5,148,208.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey M. Blackburn acquired 8,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the acquisition, the director now owns 8,000 shares of the company's stock, valued at approximately $511,680. The disclosure for this purchase can be found here. In the last three months, insiders sold 79,543 shares of company stock worth $6,631,587. 13.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Roku

Institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. boosted its position in Roku by 3.3% during the 3rd quarter. Harbour Investments Inc. now owns 3,499 shares of the company's stock valued at $247,000 after buying an additional 113 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Roku by 0.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company's stock worth $1,187,000 after acquiring an additional 117 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Roku by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 21,645 shares of the company's stock worth $1,987,000 after purchasing an additional 144 shares in the last quarter. Brighton Jones LLC raised its holdings in Roku by 8.6% in the 1st quarter. Brighton Jones LLC now owns 1,874 shares of the company's stock worth $235,000 after acquiring an additional 148 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Roku by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company's stock valued at $4,415,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

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.