Roku (NASDAQ:ROKU) Trading Up 1.5%

Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s stock price was up 1.5% during trading on Thursday . The stock traded as high as $58.47 and last traded at $58.47. Approximately 884,787 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 5,671,000 shares. The stock had previously closed at $57.59.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ROKU. Citigroup decreased their price target on Roku from $110.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, February 21st. Morgan Stanley dropped their price target on shares of Roku from $65.00 to $60.00 and set an "underweight" rating on the stock in a research report on Friday, April 5th. Susquehanna boosted their target price on Roku from $100.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, February 16th. Stephens restated an "overweight" rating and issued a $105.00 target price on shares of Roku in a research report on Friday, February 16th. Finally, Oppenheimer cut Roku from an "outperform" rating to a "market perform" rating in a research report on Friday, February 16th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Roku presently has a consensus rating of "Hold" and an average price target of $86.67.

Roku Trading Up 1.9 %

The stock has a market capitalization of $8.42 billion, a P/E ratio of -11.69 and a beta of 1.66. The firm's fifty day moving average is $67.19 and its 200-day moving average is $79.07.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.55) EPS 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 for the quarter, compared to analyst estimates of $967.72 million. During the same quarter in the previous year, the firm earned ($1.70) earnings per share. The business's revenue was up 13.5% on a year-over-year basis. Equities research analysts expect that Roku, Inc. will post -2.16 EPS for the current year.

Insider Buying and Selling

In other news, 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 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 approximately $5,148,208.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Stephen H. Kay sold 4,310 shares of Roku 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 completion of the sale, the senior vice president now owns 81,459 shares in the company, valued at approximately $5,148,208.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now directly owns 141,221 shares of the company's stock, valued at $13,930,039.44. The disclosure for this sale can be found here. Insiders sold 54,545 shares of company stock worth $4,364,035 in the last quarter. Insiders own 13.63% of the company's stock.

Hedge Funds Weigh In On Roku

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in shares of Roku by 243.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,045 shares of the company's stock valued at $133,000 after buying an additional 1,449 shares in the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of Roku by 77.9% during the 1st quarter. SteelPeak Wealth LLC now owns 9,159 shares of the company's stock valued at $597,000 after purchasing an additional 4,011 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Roku in the 1st quarter valued at approximately $275,000. Gateway Investment Advisers LLC bought a new stake in Roku during the 1st quarter worth approximately $897,000. Finally, Banque Cantonale Vaudoise raised its holdings in Roku by 145.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 5,758 shares of the company's stock worth $375,000 after buying an additional 3,413 shares during the period. Institutional investors and hedge funds 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.