Roku (NASDAQ:ROKU) Stock Price Down 3.1%

Roku, Inc. (NASDAQ:ROKUGet Free Report)’s share price fell 3.1% during mid-day trading on Thursday . The company traded as low as $56.60 and last traded at $56.68. 1,064,179 shares changed hands during trading, a decline of 80% from the average session volume of 5,415,545 shares. The stock had previously closed at $58.52.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROKU. Susquehanna cut their target price on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a report on Monday, April 29th. Pivotal Research dropped their price target on Roku from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Piper Sandler reiterated a “neutral” rating and set a $65.00 price target (down previously from $81.00) on shares of Roku in a research report on Friday, April 26th. Wedbush decreased their price target on Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, Benchmark reduced their target price on Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $82.50.

Read Our Latest Stock Report on ROKU

Roku Price Performance

The firm has a 50-day moving average of $60.97 and a 200-day moving average of $77.80. The stock has a market cap of $8.18 billion, a PE ratio of -14.23 and a beta of 1.69.

Roku (NASDAQ:ROKUGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million during the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. Roku’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company earned ($1.38) EPS. Equities analysts forecast that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Charles Collier sold 8,365 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $528,668.00. Following the sale, the insider now owns 12,656 shares in the company, valued at $799,859.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jeffrey M. Blackburn purchased 8,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $63.96 per share, for a total transaction of $511,680.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $511,680. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Charles Collier sold 8,365 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $528,668.00. Following the transaction, the insider now owns 12,656 shares of the company’s stock, valued at $799,859.20. The disclosure for this sale can be found here. Insiders have sold a total of 17,474 shares of company stock worth $1,111,093 in the last ninety days. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ROKU. Gotham Asset Management LLC boosted its holdings in Roku by 200.3% in the 3rd quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock valued at $2,903,000 after purchasing an additional 27,431 shares in the last quarter. Nordea Investment Management AB boosted its position in Roku by 8.2% during the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after purchasing an additional 551 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Roku by 8.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,381 shares of the company’s stock worth $1,043,000 after purchasing an additional 914 shares during the period. Barclays PLC boosted its position in Roku by 13.0% in the 3rd quarter. Barclays PLC now owns 215,766 shares of the company’s stock valued at $15,231,000 after buying an additional 24,765 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Roku by 27.6% in the 3rd quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock valued at $10,922,000 after buying an additional 33,500 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Company Profile

(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.

Further Reading

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