Roku, Inc. (NASDAQ:ROKU - Get Free Report)'s share price traded up 2% during mid-day trading on Tuesday . The company traded as high as $81.66 and last traded at $82.53. 690,250 shares were traded during trading, a decline of 82% from the average session volume of 3,852,761 shares. The stock had previously closed at $80.90.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ROKU. Pivotal Research reduced their price target on Roku from $125.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Benchmark restated a "buy" rating and set a $130.00 target price on shares of Roku in a report on Friday, May 2nd. Moffett Nathanson upgraded shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target for the company in a research note on Tuesday, March 4th. Compass Point assumed coverage on shares of Roku in a research note on Sunday, March 23rd. They set a "buy" rating on the stock. Finally, Needham & Company LLC restated a "buy" rating and issued a $88.50 price objective on shares of Roku in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Roku has a consensus rating of "Moderate Buy" and a consensus price target of $89.93.
View Our Latest Report on Roku
Roku Stock Up 0.5%
The company has a market cap of $12.69 billion, a PE ratio of -119.09 and a beta of 2.09. The company's fifty day moving average is $71.52 and its 200-day moving average is $75.13.
Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The company's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the business posted ($0.35) EPS. Equities research analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.
Insider Transactions at Roku
In other news, Director Mai Fyfield sold 914 shares of Roku stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.50, for a total value of $71,749.00. Following the sale, the director now directly owns 4,374 shares of the company's stock, valued at approximately $343,359. The trade was a 17.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew C. Banks sold 629 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $72.98, for a total value of $45,904.42. Following the transaction, the chief accounting officer now owns 8,555 shares of the company's stock, valued at $624,343.90. This represents a 6.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,227 shares of company stock worth $4,994,244 in the last quarter. Company insiders own 13.98% of the company's stock.
Institutional Investors Weigh In On Roku
Several hedge funds and other institutional investors have recently made changes to their positions in ROKU. Voya Investment Management LLC grew its stake in Roku by 5.4% in the first quarter. Voya Investment Management LLC now owns 40,288 shares of the company's stock worth $2,838,000 after purchasing an additional 2,062 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in Roku in the 1st quarter worth approximately $68,000. Strs Ohio purchased a new stake in shares of Roku during the first quarter valued at $3,984,000. Acadian Asset Management LLC increased its holdings in shares of Roku by 456.7% in the first quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company's stock valued at $134,222,000 after purchasing an additional 1,563,449 shares during the period. Finally, Focus Partners Wealth acquired a new position in Roku in the 1st quarter worth approximately $229,000. Hedge funds and other institutional investors 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.
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