Roku (NASDAQ:ROKU) Stock Price Down 0.7%

Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s stock price traded down 0.7% during trading on Thursday . The stock traded as low as $58.04 and last traded at $58.69. 964,752 shares changed hands during trading, a decline of 83% from the average session volume of 5,783,581 shares. The stock had previously closed at $59.13.

Wall Street Analyst Weigh In

Several research firms recently commented on ROKU. Stephens reissued an "overweight" rating and set a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Benchmark decreased their target price on shares of Roku from $115.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, April 26th. Pivotal Research dropped their price target 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. Rosenblatt Securities reissued a "neutral" rating and issued a $89.00 price objective on shares of Roku in a research report on Friday, April 26th. Finally, Wells Fargo & Company lifted their target price on Roku from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Friday, April 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $82.50.

Roku Trading Up 1.4 %

The stock's 50-day moving average price is $62.17 and its 200-day moving average price is $78.18. The company has a market capitalization of $8.60 billion, a P/E ratio of -15.02 and a beta of 1.69.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million for the quarter, compared to analysts' expectations 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 quarter last year, the company posted ($1.38) earnings per share. Sell-side analysts expect that Roku, Inc. will post -1.98 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, SVP Stephen H. Kay sold 4,310 shares of the company's stock in a transaction on Monday, March 4th. The stock was 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 approximately $5,148,208.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Roku news, Director Jeffrey M. Blackburn purchased 8,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of the acquisition, the director now owns 8,000 shares in the company, valued at approximately $511,680. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Stephen H. Kay sold 4,310 shares of the 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 $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. Insiders sold 54,545 shares of company stock worth $4,364,035 in the last 90 days. 13.63% of the stock is currently owned by company insiders.

Institutional Trading of Roku

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of Roku during the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV acquired a new position in Roku during the 4th quarter valued at about $29,000. Federated Hermes Inc. bought a new stake in shares of Roku during the 3rd quarter worth about $37,000. Quarry LP raised its position in shares of Roku by 160.2% during the 4th quarter. Quarry LP now owns 432 shares of the company's stock worth $40,000 after buying an additional 266 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company's stock worth $40,000 after acquiring an additional 187 shares during the period. 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.