Roku (NASDAQ:ROKU) Trading 2.9% Higher Following Analyst Upgrade

Roku, Inc. (NASDAQ:ROKU) shares traded up 2.9% during trading on Monday after Seaport Res Ptn upgraded the stock from a neutral rating to a buy rating. The stock traded as high as $59.89 and last traded at $58.01. 4,747,396 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 5,791,074 shares. The stock had previously closed at $56.35.

Several other research firms have also recently commented on ROKU. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $89.00 price objective on shares of Roku in a research report on Friday, April 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Roku in a research report on Friday, April 26th. Oppenheimer cut shares of Roku from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. Stephens reaffirmed an “overweight” rating and issued a $105.00 price objective on shares of Roku in a research report on Friday, February 16th. Finally, Susquehanna lowered their price target on shares of Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research note on Monday. Three investment 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’s stock. According to MarketBeat.com, Roku has an average rating of “Hold” and a consensus price target of $84.21.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Charles Collier sold 12,277 shares of Roku stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total transaction of $798,741.62. Following the completion of the sale, the insider now owns 4,292 shares of the company’s stock, valued at approximately $279,237.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,545 shares of company stock valued at $4,364,035. Company insiders own 13.63% of the company’s stock.

Institutional Trading of Roku

Institutional investors have recently bought and sold shares of the business. Gotham Asset Management LLC boosted its holdings in Roku by 200.3% in the 3rd quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock valued at $2,903,000 after purchasing an additional 27,431 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Roku by 8.2% during the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after acquiring an additional 551 shares during the period. Barclays PLC lifted its holdings in shares of Roku by 13.0% during the 3rd quarter. Barclays PLC now owns 215,766 shares of the company’s stock worth $15,231,000 after acquiring an additional 24,765 shares during the period. Deutsche Bank AG lifted its holdings in shares of Roku by 27.6% during the 3rd quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock worth $10,922,000 after acquiring an additional 33,500 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Roku by 32.4% during the 4th quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company’s stock worth $7,312,000 after acquiring an additional 19,543 shares during the period. Institutional investors own 86.30% of the company’s stock.

Roku Trading Down 1.7 %

The stock’s 50-day moving average is $62.34 and its 200-day moving average is $78.45. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of -14.45 and a beta of 1.66.

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 the consensus estimate of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.73%. The firm had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. During the same period in the prior year, the company posted ($1.38) EPS. The company’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts anticipate that Roku, Inc. will post -2.12 EPS for the current fiscal year.

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.