Roku (NASDAQ:ROKU) Stock Price Up 1% – Should You Buy?

Roku, Inc. (NASDAQ:ROKU)’s stock price was up 1% during trading on Monday . The stock traded as high as $77.22 and last traded at $75.89. Approximately 1,793,660 shares were traded during trading, a decline of 17% from the average daily volume of 2,150,769 shares. The stock had previously closed at $75.16.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ROKU. Wells Fargo & Company increased their price objective on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Loop Capital raised their price target on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Citigroup upped their price objective on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Tuesday, January 7th. Finally, Rosenblatt Securities upped their price target on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roku currently has an average rating of “Hold” and a consensus price target of $82.62.

Roku Stock Performance

The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of -63.24 and a beta of 2.05. The company has a fifty day simple moving average of $76.74 and a two-hundred day simple moving average of $70.78.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.33) earnings per share. As a group, analysts expect that Roku, Inc. will post -1.09 EPS for the current year.

Insider Activity at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,095 shares of company stock worth $5,726,218. 13.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roku

Several hedge funds and other institutional investors have recently made changes to their positions in ROKU. Raelipskie Partnership purchased a new stake in Roku during the 3rd quarter worth approximately $32,000. Future Financial Wealth Managment LLC bought a new stake in shares of Roku in the third quarter worth $43,000. GS Investments Inc. raised its holdings in Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Roku by 50.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock worth $74,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

About Roku

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.