Roku (NASDAQ:ROKU) Trading 0.2% Higher

Roku, Inc. (NASDAQ:ROKU - Get Free Report) traded up 0.2% on Wednesday . The company traded as high as $58.50 and last traded at $57.93. 599,347 shares were traded during trading, a decline of 89% from the average session volume of 5,705,284 shares. The stock had previously closed at $57.82.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company decreased their target price on Roku from $51.00 to $45.00 and set an "underweight" rating for the company in a research report on Friday, April 12th. Oppenheimer lowered Roku from an "outperform" rating to a "market perform" rating in a research report on Friday, February 16th. Morgan Stanley reduced their price target on Roku from $65.00 to $60.00 and set an "underweight" rating for the company in a research report on Friday, April 5th. Susquehanna boosted their price target on Roku from $100.00 to $110.00 and gave the stock a "positive" rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of Roku in a research report on Wednesday, February 21st. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.67.

Roku Stock Performance

The firm has a market cap of $8.27 billion, a PE ratio of -11.47 and a beta of 1.66. The company has a 50 day simple moving average of $67.19 and a two-hundred day simple moving average of $79.07.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share for the quarter, topping analysts' consensus estimates of ($0.65) by $0.10. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. The company had revenue of $984.40 million during the quarter, compared to analysts' expectations of $967.72 million. During the same quarter in the prior year, the firm posted ($1.70) EPS. Roku's quarterly revenue was up 13.5% compared to the same quarter last year. As a group, research analysts predict that Roku, Inc. will post -2.16 earnings per share for the current fiscal year.

Insider Buying and Selling 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jeffrey M. Blackburn purchased 8,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $63.96 per share, for a total transaction of $511,680.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company's stock, valued at $511,680. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Stephen H. Kay sold 4,310 shares of the company's stock in a transaction that occurred 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 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 54,545 shares of company stock valued at $4,364,035 over the last quarter. 13.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Roku

Large investors have recently made changes to their positions in the stock. LM Advisors LLC purchased a new stake in shares of Roku in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC purchased a new position in Roku in the fourth quarter worth approximately $27,000. Creative Financial Designs Inc. ADV purchased a new position in Roku in the fourth quarter worth approximately $29,000. Covestor Ltd grew its position in Roku by 693.2% in the first quarter. Covestor Ltd now owns 349 shares of the company's stock worth $44,000 after acquiring an additional 305 shares during the period. Finally, Quarry LP purchased a new position in Roku in the second quarter worth approximately $25,000. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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.