Roku (NASDAQ:ROKU) Shares Up 1.4% – What’s Next?

Roku, Inc. (NASDAQ:ROKU)’s stock price traded up 1.4% during mid-day trading on Friday . The company traded as high as $69.92 and last traded at $68.57. 596,363 shares were traded during trading, a decline of 84% from the average session volume of 3,719,934 shares. The stock had previously closed at $67.63.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $70.00 to $90.00 in a research note on Monday, November 18th. JPMorgan Chase & Co. lifted their price objective on shares of Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Pivotal Research upgraded shares of Roku from a “hold” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $125.00 in a report on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Finally, UBS Group upped their price target on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and an average price target of $96.71.

Roku Stock Performance

The business’s 50 day moving average price is $81.92 and its 200-day moving average price is $77.01. The company has a market cap of $9.89 billion, a price-to-earnings ratio of -76.05 and a beta of 2.12.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. On average, equities research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,116,936.26. This represents a 48.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles Collier sold 7,181 shares of Roku 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 completion of the transaction, the insider now owns 7,380 shares of the company’s stock, valued at approximately $577,485. The trade was a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,308 shares of company stock worth $8,296,166 over the last three months. 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 added to or reduced their stakes in the stock. US Bancorp DE increased its stake in shares of Roku by 15.7% in the 3rd quarter. US Bancorp DE now owns 3,090 shares of the company’s stock valued at $231,000 after buying an additional 420 shares during the period. Sigma Planning Corp raised its holdings in Roku by 4.7% during the 3rd quarter. Sigma Planning Corp now owns 8,256 shares of the company’s stock worth $616,000 after purchasing an additional 370 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Roku by 50.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock valued at $74,000 after purchasing an additional 333 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Roku by 54.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 5,690 shares of the company’s stock valued at $425,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Roku by 12.4% during the 3rd quarter. Harbour Investments Inc. now owns 3,489 shares of the company’s stock worth $260,000 after buying an additional 385 shares during the period. 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.