Roku, Inc. (NASDAQ:ROKU - Get Free Report) was up 5.2% on Friday . The company traded as high as $95.64 and last traded at $95.33. Approximately 1,404,849 shares were traded during trading, a decline of 65% from the average daily volume of 3,987,021 shares. The stock had previously closed at $90.61.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Evercore ISI reduced their target price on Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Rosenblatt Securities upped their target price on Roku from $75.00 to $101.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Citigroup reissued a "neutral" rating and set a $84.00 target price (up from $68.00) on shares of Roku in a research note on Wednesday, June 18th. Piper Sandler upped their price target on Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Benchmark reiterated a "buy" rating and set a $130.00 target price on shares of Roku in a report on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Roku has a consensus rating of "Moderate Buy" and an average target price of $98.96.
Check Out Our Latest Research Report on Roku
Roku Stock Up 4.0%
The stock has a 50 day simple moving average of $87.06 and a 200 day simple moving average of $77.61. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of -224.33, a P/E/G ratio of 12.38 and a beta of 2.05.
Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.23. The company 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%.Roku's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.
Insider Buying and Selling
In other news, CAO Matthew C. Banks sold 3,360 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $85.05, for a total value of $285,768.00. Following the completion of the sale, the chief accounting officer owned 5,195 shares of the company's stock, valued at $441,834.75. This trade represents a 39.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Charles Collier sold 212,559 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $20,193,105.00. Following the completion of the sale, the insider directly owned 200 shares of the company's stock, valued at approximately $19,000. This trade represents a 99.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,233 shares of company stock worth $30,690,391 over the last three months. Corporate insiders own 13.98% of the company's stock.
Hedge Funds Weigh In On Roku
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Roku by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 12,675,816 shares of the company's stock valued at $1,114,077,000 after purchasing an additional 172,221 shares in the last quarter. Acadian Asset Management LLC raised its position in Roku by 41.2% in the second quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company's stock worth $236,545,000 after purchasing an additional 785,864 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Roku by 10.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock worth $168,734,000 after buying an additional 215,841 shares during the last quarter. Tableaux LLC bought a new stake in Roku during the second quarter worth about $1,746,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Roku by 21.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company's stock valued at $111,372,000 after purchasing an additional 284,323 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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