Roku, Inc. (NASDAQ:ROKU - Get Free Report) dropped 1.6% during trading on Friday . The company traded as low as $95.61 and last traded at $95.94. Approximately 940,012 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 3,953,369 shares. The stock had previously closed at $97.54.
Analyst Ratings Changes
ROKU has been the topic of a number of research reports. JMP Securities reiterated a "market outperform" rating and issued a $110.00 target price on shares of Roku in a report on Monday. Benchmark reiterated a "buy" rating and issued a $130.00 target price on shares of Roku in a report on Friday, May 2nd. Bank of America boosted their target price on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Pivotal Research boosted their price target on shares of Roku from $100.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Piper Sandler boosted their price target on shares of Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a report on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $98.96.
Get Our Latest Report on ROKU
Roku Trading Down 1.3%
The firm's fifty day moving average price is $88.61 and its 200-day moving average price is $78.06. The company has a market cap of $14.18 billion, a P/E ratio of -228.98, a P/E/G ratio of 13.46 and a beta of 2.05.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted ($0.18) EPS. The business's revenue was up 14.7% compared to the same quarter last year. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.
Insider Activity
In related news, CAO Matthew C. Banks sold 3,360 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $85.05, for a total transaction of $285,768.00. Following the completion of the sale, the chief accounting officer owned 5,195 shares in the company, valued at $441,834.75. This trade represents a 39.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $89.07, for a total transaction of $267,210.00. Following the completion of the sale, the chief financial officer owned 73,132 shares of the company's stock, valued at $6,513,867.24. The trade was a 3.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 325,502 shares of company stock worth $29,790,946. Company insiders own 13.98% of the company's stock.
Institutional Investors Weigh In On Roku
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. United Advisor Group LLC grew its position in shares of Roku by 0.9% during the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock worth $1,073,000 after buying an additional 130 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Roku by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company's stock worth $1,369,000 after acquiring an additional 142 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company's stock valued at $39,000 after purchasing an additional 158 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Roku by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock valued at $1,097,000 after purchasing an additional 160 shares during the last quarter. Finally, True Vision MN LLC increased its holdings in Roku by 3.3% during the second quarter. True Vision MN LLC now owns 5,544 shares of the company's stock worth $487,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.
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.
Further Reading
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