Roku (NASDAQ:ROKU) Shares Down 0.2%

Roku, Inc. (NASDAQ:ROKU)’s share price was down 0.2% during trading on Tuesday . The stock traded as low as $73.28 and last traded at $74.53. Approximately 958,714 shares were traded during trading, a decline of 79% from the average daily volume of 4,516,652 shares. The stock had previously closed at $74.66.

Wall Street Analysts Forecast Growth

ROKU has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and set a $105.00 target price on shares of Roku in a research note on Thursday, September 12th. Rosenblatt Securities lowered their target price on Roku from $89.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Roku in a report on Friday, September 13th. Robert W. Baird boosted their price target on Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target for the company in a research note on Thursday, September 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Roku presently has an average rating of “Hold” and an average price target of $80.29.

Roku Price Performance

The stock’s 50 day moving average is $64.68 and its two-hundred day moving average is $61.58. The firm has a market cap of $10.84 billion, a P/E ratio of -18.72 and a beta of 2.06.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.21. The business had revenue of $968.18 million for the quarter, compared to analyst estimates of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.76) EPS. As a group, research analysts forecast that Roku, Inc. will post -1.44 EPS for the current fiscal year.

Insider Activity

In other news, insider Charles Collier sold 3,590 shares of Roku stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the transaction, the insider now owns 12,064 shares in the company, valued at approximately $784,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $376,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Charles Collier sold 3,590 shares of Roku stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the transaction, the insider now directly owns 12,064 shares of the company’s stock, valued at $784,160. The disclosure for this sale can be found here. Insiders have sold 46,945 shares of company stock valued at $3,465,135 over the last 90 days. 13.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its stake in Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares during the period. Benjamin Edwards Inc. grew its position in shares of Roku by 43.5% during the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after purchasing an additional 187 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after purchasing an additional 375 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after buying an additional 610 shares in the last quarter. Finally, Cedar Wealth Management LLC bought a new position in Roku during the 2nd quarter worth $48,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Company Profile

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.