Roku (NASDAQ:ROKU) Shares Up 1.1%

Shares of Roku, Inc. (NASDAQ:ROKU - Get Free Report) were up 1.1% on Wednesday . The stock traded as high as $58.84 and last traded at $58.60. Approximately 457,836 shares were traded during trading, a decline of 92% from the average daily volume of 5,445,933 shares. The stock had previously closed at $57.97.

Analysts Set New Price Targets

ROKU has been the topic of a number of research analyst reports. Wedbush dropped their price target on shares of Roku from $80.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday, April 26th. Seaport Res Ptn raised shares of Roku from a "neutral" rating to a "buy" rating in a research note on Monday, April 29th. Benchmark decreased their price target on shares of Roku from $115.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, April 26th. Wells Fargo & Company boosted their price objective on Roku from $45.00 to $52.00 and gave the stock an "underweight" rating in a research note on Friday, April 26th. Finally, Citigroup decreased their target price on Roku from $75.00 to $70.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 30th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $82.50.

Roku Stock Up 0.9 %

The company's fifty day moving average is $61.14 and its two-hundred day moving average is $77.95. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of -14.67 and a beta of 1.69.

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

Insiders Place Their Bets

In other news, insider Charles Collier sold 12,277 shares of Roku stock in a transaction 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 directly owns 4,292 shares of the company's stock, valued at approximately $279,237.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Charles Collier sold 12,277 shares of Roku stock in a transaction 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 directly owns 4,292 shares of the company's stock, valued at approximately $279,237.52. 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 Roku stock in a transaction 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 transaction, the senior vice president now directly owns 81,459 shares in the company, valued at $5,148,208.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,751 shares of company stock valued at $1,909,835. 13.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Roku

A number of hedge funds and other institutional investors have recently bought and sold shares of ROKU. FMR LLC grew its position in Roku by 85.9% in the 3rd quarter. FMR LLC now owns 9,441,349 shares of the company's stock valued at $666,465,000 after buying an additional 4,363,754 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Roku by 24.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company's stock worth $478,939,000 after purchasing an additional 1,457,925 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its position 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 in the last quarter. Norges Bank purchased a new stake in shares of Roku during the 4th quarter worth $90,386,000. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Roku during the 3rd quarter worth $55,182,000. 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.