Roku (NASDAQ:ROKU) Stock Price Down 2.4%

Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s stock price dropped 2.4% during trading on Wednesday . The stock traded as low as $60.12 and last traded at $61.34. Approximately 1,252,776 shares were traded during trading, a decline of 79% from the average daily volume of 5,901,994 shares. The stock had previously closed at $62.85.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. Oppenheimer downgraded shares of Roku from an "outperform" rating to a "market perform" rating in a research report on Friday, February 16th. Wedbush reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Roku in a research report on Friday, February 16th. Citigroup reduced their price objective on shares of Roku from $110.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, February 21st. Seaport Res Ptn downgraded shares of Roku from a "neutral" rating to a "sell" rating in a research report on Monday, December 18th. Finally, Moffett Nathanson downgraded shares of Roku from a "market perform" rating to a "sell" rating and upped their price objective for the stock from $64.00 to $66.00 in a research report on Friday, December 15th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $86.23.

Roku Trading Down 2.7 %

The company's fifty day moving average is $70.92 and its 200 day moving average is $79.52. The company has a market capitalization of $8.77 billion, a P/E ratio of -12.18 and a beta of 1.66.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.10. The company had revenue of $984.40 million during the quarter, compared to the consensus estimate of $967.72 million. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. Roku's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the firm earned ($1.70) EPS. Equities research analysts predict that Roku, Inc. will post -2.16 EPS for the current year.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm's 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 completion of the transaction, the chief executive officer now directly owns 141,221 shares of the company's stock, valued at approximately $13,930,039.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, 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 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 is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 54,545 shares of company stock valued at $4,364,035 in the last three months. Company insiders own 13.63% of the company's stock.

Hedge Funds Weigh In On Roku

A number of large investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise raised its position in Roku by 145.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 5,758 shares of the company's stock worth $375,000 after purchasing an additional 3,413 shares during the period. Polianta Ltd increased its position in shares of Roku by 106.0% in the first quarter. Polianta Ltd now owns 17,100 shares of the company's stock valued at $1,114,000 after acquiring an additional 8,800 shares during the period. Kapitalo Investimentos Ltda increased its position in shares of Roku by 73.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 4,179 shares of the company's stock valued at $383,000 after acquiring an additional 1,769 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Roku in the fourth quarter valued at about $35,856,000. Finally, Vanguard Group Inc. increased its position in shares of Roku by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company's stock valued at $1,086,533,000 after acquiring an additional 380,409 shares during the period. 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.