Roku, Inc. (NASDAQ:ROKU - Get Free Report) traded up 1.1% during mid-day trading on Tuesday . The company traded as high as $81.75 and last traded at $80.48. 953,282 shares traded hands during trading, a decline of 75% from the average session volume of 3,820,087 shares. The stock had previously closed at $79.59.
Analyst Ratings Changes
ROKU has been the topic of a number of research analyst reports. Wedbush cut their target price on Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Benchmark reiterated a "buy" rating and issued a $130.00 price objective on shares of Roku in a research note on Friday, May 2nd. Rosenblatt Securities lowered their target price on shares of Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. FBN Securities assumed coverage on shares of Roku in a report on Friday, March 28th. They issued an "outperform" rating and a $93.00 target price on the stock. Finally, Jefferies Financial Group upgraded shares of Roku from an "underperform" rating to a "hold" rating and increased their price target for the stock from $55.00 to $100.00 in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $88.37.
Check Out Our Latest Research Report on Roku
Roku Price Performance
The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of -90.43 and a beta of 2.09. The stock's 50 day simple moving average is $66.17 and its 200-day simple moving average is $74.63.
Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned ($0.35) EPS. The company's revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Mai Fyfield sold 914 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $343,359. This represents a 17.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $75.00, for a total value of $538,575.00. Following the completion of the sale, the insider now owns 10,970 shares of the company's stock, valued at approximately $822,750. This trade represents a 39.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,737 shares of company stock valued at $2,980,364 over the last three months. 13.98% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Roku
Several large investors have recently bought and sold shares of the company. FMR LLC increased its position in shares of Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after buying an additional 4,613,570 shares in the last quarter. Vanguard Group Inc. grew its stake in Roku by 2.1% in the first quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock valued at $880,753,000 after acquiring an additional 254,504 shares during the period. Marshall Wace LLP increased its holdings in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after acquiring an additional 2,030,036 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of 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 purchasing an additional 215,841 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock valued at $159,353,000 after purchasing an additional 56,820 shares in the last quarter. Institutional investors own 86.30% of the company's stock.
Roku Company Profile
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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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