Roku (NASDAQ:ROKU) Stock Price Down 0.6%

Roku, Inc. (NASDAQ:ROKU - Get Free Report) traded down 0.6% during mid-day trading on Thursday . The stock traded as low as $61.72 and last traded at $61.87. 666,907 shares were traded during mid-day trading, a decline of 88% from the average session volume of 5,557,170 shares. The stock had previously closed at $62.27.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROKU. Jefferies Financial Group began coverage on Roku in a report on Thursday, May 2nd. They set an "underperform" rating and a $50.00 price target on the stock. Piper Sandler reissued a "neutral" rating and issued a $65.00 price objective (down from $81.00) on shares of Roku in a research report on Friday, April 26th. Seaport Res Ptn raised shares of Roku from a "neutral" rating to a "buy" rating in a research report on Monday, April 29th. Pivotal Research cut their price target on Roku from $85.00 to $75.00 and set a "hold" rating on the stock in a research note on Friday, February 16th. Finally, Oppenheimer downgraded Roku from an "outperform" rating to a "market perform" rating in a report on Friday, February 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Roku currently has a consensus rating of "Hold" and a consensus target price of $82.50.

Roku Stock Down 1.6 %

The firm has a market cap of $8.83 billion, a PE ratio of -15.51 and a beta of 1.69. The company's fifty day moving average price is $61.59 and its two-hundred day moving average price is $78.23.

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. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same period in the prior year, the business posted ($1.38) EPS. The company's revenue for the quarter was up 19.0% on a year-over-year basis. As a group, analysts predict that Roku, Inc. will post -1.94 earnings per share for the current year.

Insider Activity at Roku

In other news, insider Charles Collier sold 4,182 shares of Roku stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $65.00, for a total transaction of $271,830.00. Following the completion of the sale, the insider now directly owns 8,474 shares in the company, valued at approximately $550,810. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Charles Collier sold 4,182 shares of Roku stock in a transaction on Friday, March 8th. The stock was sold at an average price of $65.00, for a total transaction of $271,830.00. Following the completion of the transaction, the insider now owns 8,474 shares of the company's stock, valued at approximately $550,810. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 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 29,751 shares of company stock worth $1,909,835 over the last 90 days. Company insiders own 13.63% of the company's stock.

Hedge Funds Weigh In On Roku

A number of institutional investors have recently made changes to their positions in ROKU. GAMMA Investing LLC purchased a new position in Roku in the 4th quarter valued at about $27,000. Creative Financial Designs Inc. ADV purchased a new stake in Roku in the 4th quarter worth approximately $29,000. Quarry LP raised its holdings in Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company's stock valued at $40,000 after acquiring an additional 266 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Roku during the 3rd quarter worth $37,000. Finally, Headinvest LLC acquired a new position in Roku in the third quarter valued at $42,000. 86.30% of the stock is owned by institutional investors and hedge funds.

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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