Roku (NASDAQ:ROKU) Stock Price Down 0.4%

Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s stock price dropped 0.4% on Thursday . The company traded as low as $60.40 and last traded at $60.91. Approximately 824,270 shares were traded during trading, a decline of 86% from the average daily volume of 5,860,895 shares. The stock had previously closed at $61.14.

Analysts Set New Price Targets

ROKU has been the topic of several research analyst reports. Wells Fargo & Company cut shares of Roku from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $77.00 to $51.00 in a research note on Tuesday, February 27th. Citigroup dropped their price target on Roku from $110.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, February 21st. Moffett Nathanson downgraded Roku from a "market perform" rating to a "sell" rating and lifted their price objective for the stock from $64.00 to $66.00 in a research note on Friday, December 15th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 target price on shares of Roku in a research report on Wednesday, February 21st. Finally, Stephens reissued an "overweight" rating and issued a $105.00 target price on shares of Roku in a report on Friday, February 16th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $86.23.

Roku Stock Performance

The stock has a fifty day moving average of $69.84 and a 200-day moving average of $79.27. The company has a market cap of $8.89 billion, a PE ratio of -12.34 and a beta of 1.66.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.55) EPS for the quarter, topping analysts' consensus estimates of ($0.65) by $0.10. The firm had revenue of $984.40 million for the quarter, compared to analysts' expectations of $967.72 million. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The business's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted ($1.70) earnings per share. As a group, equities analysts anticipate that Roku, Inc. will post -2.16 EPS for the current fiscal year.

Insider Activity 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 stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now directly 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 available at the SEC website. In related news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 141,221 shares of the company's stock, valued at $13,930,039.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Stephen H. Kay sold 4,310 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares in the company, valued at approximately $5,148,208.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,545 shares of company stock worth $4,364,035. Company insiders own 13.63% of the company's stock.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Roku in the 2nd quarter worth approximately $25,000. ICA Group Wealth Management LLC purchased a new position in Roku in the fourth quarter worth $25,000. GAMMA Investing LLC acquired a new position in shares of Roku during the fourth quarter worth $27,000. LM Advisors LLC purchased a new stake in shares of Roku during the 4th quarter valued at $27,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Roku in the 4th quarter worth $29,000. 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.