Roku (NASDAQ:ROKU) Stock Price Up 2.2%

Shares of Roku, Inc. (NASDAQ:ROKU - Get Free Report) traded up 2.2% during trading on Tuesday . The stock traded as high as $61.46 and last traded at $59.94. 3,353,275 shares were traded during trading, a decline of 42% from the average session volume of 5,814,101 shares. The stock had previously closed at $58.66.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ROKU. Benchmark reduced their price target on shares of Roku from $115.00 to $105.00 and set a "buy" rating for the company in a report on Friday. Pivotal Research cut their price target on Roku from $85.00 to $75.00 and set a "hold" rating on the stock in a report on Friday, February 16th. Wells Fargo & Company boosted their price objective on Roku from $45.00 to $52.00 and gave the company an "underweight" rating in a report on Friday. Stephens reissued an "overweight" rating and issued a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Finally, Wedbush lowered their price objective on shares of Roku from $80.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $84.21.

Roku Trading Down 1.7 %

The stock has a market cap of $8.28 billion, a PE ratio of -14.45 and a beta of 1.66. The business has a fifty day simple moving average of $62.34 and a two-hundred day simple moving average of $78.45.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.38) earnings per share. On average, research analysts predict that Roku, Inc. will post -2.12 earnings per share for the current year.

Insider Buying and Selling at Roku

In other news, SVP Stephen H. Kay sold 4,310 shares of the firm's 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 completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Stephen H. Kay sold 4,310 shares of the firm'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 transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the transaction, the chief executive officer now owns 141,221 shares of the company's stock, valued at $13,930,039.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,545 shares of company stock valued at $4,364,035. Corporate insiders own 13.63% of the company's stock.

Institutional Investors Weigh In On Roku

Large investors have recently bought and sold shares of the business. Fortis Group Advisors LLC purchased a new position in shares of Roku in the 1st quarter worth $470,000. Saxony Capital Management LLC boosted its position in Roku by 35.7% in the first quarter. Saxony Capital Management LLC now owns 5,326 shares of the company's stock worth $347,000 after purchasing an additional 1,401 shares during the last quarter. Warther Private Wealth LLC purchased a new position in Roku in the first quarter worth about $4,802,000. True Vision MN LLC grew its stake in shares of Roku by 8.7% during the 1st quarter. True Vision MN LLC now owns 4,824 shares of the company's stock valued at $314,000 after purchasing an additional 385 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Roku by 243.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,045 shares of the company's stock valued at $133,000 after purchasing an additional 1,449 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.

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.