Roku, Inc. (NASDAQ:ROKU - Get Free Report) was down 1.5% during mid-day trading on Wednesday . The company traded as low as $93.18 and last traded at $96.03. Approximately 2,812,725 shares were traded during trading, a decline of 26% from the average daily volume of 3,797,701 shares. The stock had previously closed at $97.49.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ROKU. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Roku in a research report on Wednesday, October 8th. Wall Street Zen raised Roku from a "hold" rating to a "buy" rating in a research report on Sunday. Bank of America raised their price target on Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Rosenblatt Securities lifted their price objective on shares of Roku from $75.00 to $101.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $101.33.
Check Out Our Latest Analysis on Roku
Roku Stock Down 1.5%
The stock's 50-day simple moving average is $96.56 and its two-hundred day simple moving average is $83.09. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of -228.64, a PEG ratio of 11.35 and a beta of 2.13.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The firm's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.
Insider Activity at Roku
In related news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $94.01, for a total transaction of $2,350,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles Collier sold 15,404 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $103.31, for a total transaction of $1,591,387.24. Following the sale, the insider directly owned 200 shares in the company, valued at approximately $20,662. The trade was a 98.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 328,331 shares of company stock valued at $32,640,556. 13.98% of the stock is owned by company insiders.
Hedge Funds Weigh In On Roku
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. GAMMA Investing LLC boosted its position in shares of Roku by 103.6% in the 1st quarter. GAMMA Investing LLC now owns 959 shares of the company's stock valued at $68,000 after purchasing an additional 488 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Roku by 72.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,747 shares of the company's stock worth $757,000 after buying an additional 4,522 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Roku by 14.3% during the 1st quarter. QRG Capital Management Inc. now owns 3,569 shares of the company's stock worth $251,000 after purchasing an additional 447 shares during the last quarter. Palumbo Wealth Management LLC acquired a new position in shares of Roku in the first quarter valued at approximately $206,000. Finally, Oppenheimer & Co. Inc. raised its position in shares of Roku by 45.8% in the first quarter. Oppenheimer & Co. Inc. now owns 3,946 shares of the company's stock valued at $278,000 after buying an additional 1,240 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.
About Roku
(
Get Free Report)
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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