Roku (NASDAQ:ROKU) Stock Price Down 2.1% - Time to Sell?

Roku, Inc. (NASDAQ:ROKU - Get Free Report) fell 2.1% during mid-day trading on Thursday . The company traded as low as $69.15 and last traded at $70.39. 814,748 shares were traded during mid-day trading, a decline of 78% from the average session volume of 3,767,677 shares. The stock had previously closed at $71.88.

Analyst Ratings Changes

ROKU has been the topic of several analyst reports. Pivotal Research lowered their target price on shares of Roku from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and issued a $130.00 target price on shares of Roku in a report on Friday, May 2nd. Redburn Atlantic raised Roku from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research report on Monday, April 7th. Moffett Nathanson upgraded shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 target price for the company in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company decreased their price target on shares of Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $87.93.

Roku Trading Down 1.7%

The firm's fifty day moving average price is $65.91 and its 200-day moving average price is $74.51. The company has a market cap of $10.31 billion, a price-to-earnings ratio of -79.47 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the business posted ($0.35) EPS. The business's quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the sale, the chief financial officer now owns 68,843 shares in the company, valued at $5,163,225. This represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total value of $561,913.25. Following the sale, the insider now directly owns 7,380 shares of the company's stock, valued at $577,485. This represents a 49.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,111 shares of company stock worth $4,377,112 in the last three months. Insiders own 13.98% of the company's stock.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its holdings in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares in the last quarter. Garde Capital Inc. bought a new position in Roku during the first quarter worth about $25,000. Vision Financial Markets LLC acquired a new stake in Roku in the 4th quarter worth about $30,000. Golden State Wealth Management LLC boosted its holdings in Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after purchasing an additional 247 shares during the period. Finally, Game Plan Financial Advisors LLC acquired a new position in shares of Roku during the 4th quarter worth approximately $37,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.