Roku (NASDAQ:ROKU) Trading Up 5%

Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s share price shot up 5% during mid-day trading on Monday . The stock traded as high as $61.09 and last traded at $60.78. 1,758,270 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 5,559,267 shares. The stock had previously closed at $57.91.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROKU. Piper Sandler reiterated a "neutral" rating and set a $65.00 price target (down from $81.00) on shares of Roku in a report on Friday, April 26th. Rosenblatt Securities reiterated a "neutral" rating and issued a $89.00 price objective on shares of Roku in a report on Friday, April 26th. Citigroup dropped their target price on shares of Roku from $75.00 to $70.00 and set a "neutral" rating on the stock in a report on Tuesday, April 30th. Pivotal Research dropped their price objective on shares of Roku from $85.00 to $75.00 and set a "hold" rating on the stock in a research note on Friday, February 16th. Finally, Jefferies Financial Group started coverage on shares of Roku in a research note on Thursday, May 2nd. They set an "underperform" rating and a $50.00 target price for the company. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $82.50.

Roku Trading Up 3.9 %

The stock has a market cap of $8.67 billion, a PE ratio of -15.23 and a beta of 1.69. The business's 50-day moving average price is $61.66 and its 200-day moving average price is $78.27.

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 during the quarter, compared to analyst estimates of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. Roku's revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm posted ($1.38) EPS. As a group, analysts predict that Roku, Inc. will post -1.94 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 company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the sale, the senior vice president now 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 link. In other news, insider Charles Collier sold 8,365 shares of Roku stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $528,668.00. Following the sale, the insider now directly owns 12,656 shares of the company's stock, valued at $799,859.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen H. Kay sold 4,310 shares of the 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 transaction, the senior vice president now directly owns 81,459 shares of the company's stock, valued at $5,148,208.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,751 shares of company stock valued at $1,909,835. 13.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Roku

Large investors have recently modified their holdings of the business. Raymond James & Associates raised its holdings in Roku by 2.6% in the 3rd quarter. Raymond James & Associates now owns 33,950 shares of the company's stock valued at $2,397,000 after acquiring an additional 869 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Roku by 20.1% in the third quarter. Bank of New York Mellon Corp now owns 579,750 shares of the company's stock valued at $40,925,000 after purchasing an additional 97,095 shares during the last quarter. Strs Ohio purchased a new position in Roku during the third quarter worth approximately $605,000. TD Asset Management Inc boosted its stake in Roku by 13.2% during the third quarter. TD Asset Management Inc now owns 18,773 shares of the company's stock worth $1,325,000 after buying an additional 2,182 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Roku in the 3rd quarter valued at $174,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

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.

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