Roku (NASDAQ:ROKU) Trading 1.9% Higher

Roku, Inc. (NASDAQ:ROKU) shares traded up 1.9% on Wednesday . The company traded as high as $56.19 and last traded at $55.66. 1,021,597 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 4,962,976 shares. The stock had previously closed at $54.64.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Roku in a report on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 target price on the stock. Wedbush dropped their price target on shares of Roku from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Benchmark decreased their price objective on shares of Roku from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, April 26th. Susquehanna reduced their price target on shares of Roku from $110.00 to $80.00 and set a “positive” rating for the company in a report on Monday, April 29th. Finally, Morgan Stanley reduced their price objective on shares of Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, April 5th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Roku has an average rating of “Hold” and a consensus target price of $82.50.

Roku Trading Up 4.2 %

The firm has a market cap of $8.21 billion, a price-to-earnings ratio of -13.95 and a beta of 1.92. The stock has a 50-day moving average of $57.88 and a two-hundred day moving average of $71.26.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share 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 earned ($1.38) EPS. The firm’s revenue was up 19.0% compared to the same quarter last year. Sell-side analysts expect that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, Director Mai Fyfield sold 650 shares of Roku stock in a transaction on Monday, June 10th. The stock was sold at an average price of $57.88, for a total value of $37,622.00. Following the completion of the transaction, the director now directly owns 3,259 shares of the company’s stock, valued at approximately $188,630.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Roku news, SVP Stephen H. Kay sold 12,124 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 91,905 shares of the company’s stock, valued at approximately $5,108,998.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mai Fyfield sold 650 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $57.88, for a total value of $37,622.00. Following the transaction, the director now directly owns 3,259 shares of the company’s stock, valued at $188,630.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,898 shares of company stock valued at $1,347,966. Company insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its position in shares of Roku by 3.3% in the 3rd quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock worth $247,000 after purchasing an additional 113 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Roku by 0.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after buying an additional 117 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Roku by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock valued at $4,415,000 after purchasing an additional 150 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares during the last quarter. Finally, Amalgamated Bank raised its position in Roku by 1.0% in the 4th quarter. Amalgamated Bank now owns 19,820 shares of the company’s stock worth $1,817,000 after purchasing an additional 191 shares during the period. Institutional investors 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.