Roku, Inc. (NASDAQ:ROKU - Get Free Report) shot up 9.2% during trading on Monday . The stock traded as high as $84.38 and last traded at $81.29. 4,626,837 shares were traded during mid-day trading, an increase of 21% from the average session volume of 3,831,937 shares. The stock had previously closed at $74.41.
Analyst Ratings Changes
Several research firms have recently commented on ROKU. Rosenblatt Securities decreased their price objective on Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $95.00 price objective on shares of Roku in a research note on Monday, June 2nd. FBN Securities began coverage on Roku in a research note on Friday, March 28th. They issued an "outperform" rating and a $93.00 price objective on the stock. Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Monday, April 7th. Finally, Benchmark reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Roku in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $88.37.
Check Out Our Latest Stock Report on Roku
Roku Stock Performance
The firm has a market cap of $11.99 billion, a PE ratio of -92.33 and a beta of 2.09. The firm has a fifty day simple moving average of $67.99 and a two-hundred day simple moving average of $74.97.
Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.35) EPS. Equities analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.
Insider Buying and Selling at Roku
In related news, CAO Matthew C. Banks sold 629 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $72.98, for a total value of $45,904.42. Following the completion of the sale, the chief accounting officer now directly owns 8,555 shares in the company, valued at $624,343.90. This trade represents a 6.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $80.27, for a total value of $2,006,750.00. Following the completion of the sale, the chief executive officer now owns 11,953 shares of the company's stock, valued at approximately $959,467.31. This represents a 67.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,737 shares of company stock worth $4,987,114 in the last quarter. 13.98% of the stock is owned by corporate insiders.
Institutional Trading of Roku
A number of institutional investors have recently bought and sold shares of ROKU. Garde Capital Inc. bought a new stake in Roku in the first quarter worth $25,000. Banque Transatlantique SA bought a new stake in Roku in the first quarter worth $28,000. Vision Financial Markets LLC bought a new stake in Roku in the fourth quarter worth $30,000. Beaird Harris Wealth Management LLC bought a new stake in Roku in the first quarter worth $30,000. Finally, Golden State Wealth Management LLC lifted its position in Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after buying an additional 247 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors.
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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