Roku (NASDAQ:ROKU) Stock Price Up 0.4%

Roku, Inc. (NASDAQ:ROKU) shares rose 0.4% on Friday . The stock traded as high as $75.17 and last traded at $74.42. Approximately 509,124 shares changed hands during trading, a decline of 89% from the average daily volume of 4,592,309 shares. The stock had previously closed at $74.13.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of research reports. Bank of America dropped their target price on shares of Roku from $85.00 to $75.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $100.00 price target on shares of Roku in a report on Friday. Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Friday, August 23rd. Benchmark restated a “buy” rating and set a $105.00 price target on shares of Roku in a research note on Thursday. Finally, Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Roku currently has an average rating of “Hold” and a consensus target price of $78.25.

Roku Stock Up 1.1 %

The company has a market cap of $10.84 billion, a PE ratio of -18.65 and a beta of 2.06. The business has a 50-day simple moving average of $61.63 and a 200-day simple moving average of $60.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.21. The firm had revenue of $968.18 million during the quarter, compared to analysts’ expectations of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.76) earnings per share. On average, research analysts forecast that Roku, Inc. will post -1.45 EPS for the current fiscal year.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 3,590 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the completion of the sale, the insider now directly owns 12,064 shares of the company’s stock, valued at approximately $784,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Roku news, insider Charles Collier sold 3,590 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the sale, the insider now owns 12,064 shares in the company, valued at approximately $784,160. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $64.39, for a total value of $109,012.27. Following the sale, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. The disclosure for this sale can be found here. Insiders sold a total of 5,491 shares of company stock valued at $355,755 in the last three months. 13.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roku

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Roku by 24.1% during the fourth quarter. Victory Capital Management Inc. now owns 16,754 shares of the company’s stock valued at $1,536,000 after buying an additional 3,253 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Roku by 0.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock valued at $1,187,000 after acquiring an additional 117 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Roku by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after purchasing an additional 150 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Roku by 8.7% in the fourth 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 in the last quarter. Finally, Fiera Capital Corp acquired a new position in Roku during the 4th quarter worth $19,557,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.