Roku (NASDAQ:ROKU) Trading 1.5% Higher

Roku, Inc. (NASDAQ:ROKU)’s share price traded up 1.5% during trading on Thursday . The company traded as high as $62.88 and last traded at $62.29. 2,106,485 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 3,233,262 shares. The stock had previously closed at $61.36.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup decreased their target price on Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Susquehanna decreased their target price on Roku from $110.00 to $80.00 and set a “positive” rating for the company in a research report on Monday, April 29th. Jefferies Financial Group began coverage on Roku in a report on Thursday, May 2nd. They set an “underperform” rating and a $50.00 price objective for the company. Benchmark decreased their price objective on Roku from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, April 26th. Finally, Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Roku currently has a consensus rating of “Hold” and a consensus target price of $82.50.

Roku Stock Up 1.5 %

The firm has a 50 day moving average of $58.02 and a 200 day moving average of $69.77. The firm has a market cap of $8.98 billion, a PE ratio of -15.61 and a beta of 1.96.

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

Insiders Place Their Bets

In other Roku news, SVP Stephen H. Kay sold 12,124 shares of the stock in a transaction 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 sale, the senior vice president now owns 91,905 shares in the company, valued at $5,108,998.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Stephen H. Kay sold 12,124 shares of the company’s 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 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 legal filing with the SEC, which is available at the SEC website. Also, insider Charles Collier sold 7,181 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total transaction of $409,532.43. Following the completion of the transaction, the insider now directly owns 15,654 shares in the company, valued at approximately $892,747.62. The disclosure for this sale can be found here. Insiders have sold a total of 23,691 shares of company stock worth $1,334,455 over the last 90 days. Corporate insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its holdings in shares of Roku by 2.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 15,408 shares of the company’s stock worth $1,007,000 after purchasing an additional 438 shares during the period. EULAV Asset Management increased its holdings in shares of Roku by 59.2% in the first quarter. EULAV Asset Management now owns 121,000 shares of the company’s stock worth $7,886,000 after purchasing an additional 45,000 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Roku by 4.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 82,121 shares of the company’s stock valued at $5,352,000 after acquiring an additional 3,400 shares during the last quarter. Cetera Investment Advisers increased its stake in Roku by 240.3% in the first quarter. Cetera Investment Advisers now owns 41,805 shares of the company’s stock valued at $2,724,000 after acquiring an additional 29,521 shares during the last quarter. Finally, Swedbank AB bought a new position in Roku in the first quarter valued at $1,180,000. Institutional investors 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.