Roku (NASDAQ:ROKU) Stock Price Up 2.6%

Roku, Inc. (NASDAQ:ROKU - Get Free Report) was up 2.6% on Monday . The company traded as high as $61.17 and last traded at $60.63. Approximately 1,398,325 shares changed hands during trading, a decline of 76% from the average daily volume of 5,732,830 shares. The stock had previously closed at $59.11.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ROKU shares. Jefferies Financial Group started coverage on Roku in a research note on Thursday. They set an "underperform" rating and a $50.00 price objective on the stock. Oppenheimer lowered shares of Roku from an "outperform" rating to a "market perform" rating in a research note on Friday, February 16th. Morgan Stanley lowered their price objective on shares of Roku from $65.00 to $60.00 and set an "underweight" rating for the company in a report on Friday, April 5th. Susquehanna reduced their target price on Roku from $110.00 to $80.00 and set a "positive" rating on the stock in a report on Monday, April 29th. Finally, Wells Fargo & Company increased their price target on shares of Roku from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Friday, April 26th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $82.50.

Roku Trading Up 2.1 %

The company has a market capitalization of $8.70 billion, a P/E ratio of -15.12 and a beta of 1.69. The stock has a 50 day moving average of $62.07 and a 200-day moving average of $78.31.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.29. The firm had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The company's revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm earned ($1.38) EPS. As a group, sell-side analysts expect that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Transactions at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm'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 in the company, valued at approximately $13,930,039.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles Collier sold 12,277 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total value of $798,741.62. Following the transaction, the insider now owns 4,292 shares of the company's stock, valued at $279,237.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,751 shares of company stock valued at $4,375,835. 13.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in shares of Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company's stock valued at $45,000 after acquiring an additional 610 shares in the last quarter. GSA Capital Partners LLP boosted its position in Roku by 70.4% during the 1st quarter. GSA Capital Partners LLP now owns 15,540 shares of the company's stock valued at $1,013,000 after acquiring an additional 6,420 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its stake in shares of Roku by 25.8% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company's stock worth $462,108,000 after purchasing an additional 1,455,408 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Roku by 411.0% in the first quarter. Daiwa Securities Group Inc. now owns 46,689 shares of the company's stock worth $3,042,000 after purchasing an additional 37,552 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Roku by 8.2% during the first quarter. Nordea Investment Management AB now owns 7,842 shares of the company's stock valued at $516,000 after acquiring an additional 595 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.

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