Roku (NASDAQ:ROKU) Trading Up 2.1%

Roku, Inc. (NASDAQ:ROKU) shares were up 2.1% on Wednesday . The stock traded as high as $62.88 and last traded at $62.64. Approximately 811,200 shares were traded during trading, a decline of 84% from the average daily volume of 4,940,806 shares. The stock had previously closed at $61.36.

Analysts Set New Price Targets

A number of analysts recently weighed in on ROKU shares. Piper Sandler reaffirmed a “neutral” rating and set a $65.00 target price (down previously from $81.00) on shares of Roku in a report on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Thursday, June 20th. Rosenblatt Securities restated a “neutral” rating and set a $89.00 price target on shares of Roku in a research report on Friday, April 26th. Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Finally, Citigroup reduced their price target on shares of Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 30th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Roku currently has a consensus rating of “Hold” and an average price target of $82.50.

Roku Price Performance

The company has a 50-day simple moving average of $58.01 and a 200-day simple moving average of $69.82. The firm has a market cap of $8.98 billion, a PE ratio of -15.70 and a beta of 1.96.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. During the same period last year, the business posted ($1.38) EPS. The business’s revenue was up 19.0% compared to the same quarter last year. As a group, equities research analysts predict that Roku, Inc. will post -1.94 earnings per share for the current year.

Insider Buying and Selling

In other Roku news, SVP Stephen H. Kay sold 12,124 shares of Roku stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $55.59, for a total value of $673,973.16. Following the completion of the transaction, the senior vice president now owns 91,905 shares of the company’s stock, valued at $5,108,998.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Roku news, insider Charles Collier sold 7,181 shares of Roku stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total transaction of $409,532.43. Following the sale, the insider now owns 15,654 shares of the company’s stock, valued at approximately $892,747.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Stephen H. Kay sold 12,124 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $55.59, for a total transaction of $673,973.16. Following the completion of the transaction, the senior vice president now directly owns 91,905 shares in the company, valued at $5,108,998.95. The disclosure for this sale can be found here. Insiders sold a total of 23,691 shares of company stock valued at $1,334,455 over the last 90 days. Insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in shares of Roku during the 4th quarter worth $27,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of Roku during the 4th quarter valued at approximately $29,000. Federated Hermes Inc. purchased a new position in Roku in the third quarter worth approximately $37,000. Quarry LP raised its position in Roku by 160.2% in the fourth 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. Finally, Benjamin Edwards Inc. grew its holdings 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 during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

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.