Roku (NASDAQ:ROKU) Trading Down 2.3%

Roku, Inc. (NASDAQ:ROKU) shares were down 2.3% on Monday . The company traded as low as $53.73 and last traded at $53.82. Approximately 690,664 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 4,740,000 shares. The stock had previously closed at $55.10.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ROKU shares. Wells Fargo & Company lifted their target price on shares of Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Rosenblatt Securities lowered their price objective on Roku from $89.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Citigroup decreased their price target on Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Thursday, June 20th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Roku has an average rating of “Hold” and a consensus price target of $79.71.

Roku Trading Down 2.9 %

The firm has a market capitalization of $7.72 billion, a P/E ratio of -13.49 and a beta of 1.96. The firm has a 50 day moving average price of $58.11 and a 200-day moving average price of $63.81.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The business had revenue of $968.18 million for the quarter, compared to analysts’ expectations of $937.78 million. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.76) earnings per share. Research analysts anticipate that Roku, Inc. will post -1.45 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mai Fyfield sold 650 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $57.88, for a total transaction of $37,622.00. Following the completion of the transaction, the director now owns 3,259 shares in the company, valued at approximately $188,630.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Roku news, Director Mai Fyfield sold 650 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $57.88, for a total transaction of $37,622.00. Following the transaction, the director now directly owns 3,259 shares in the company, valued at approximately $188,630.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total value of $409,532.43. Following the transaction, the insider now owns 15,654 shares in the company, valued at approximately $892,747.62. The disclosure for this sale can be found here. Insiders sold a total of 27,075 shares of company stock valued at $1,556,005 over the last 90 days. Insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

Large investors have recently bought and sold shares of the business. Stratos Wealth Partners LTD. raised its position in shares of Roku by 11.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 3,530 shares of the company’s stock worth $324,000 after acquiring an additional 367 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Roku by 1.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 14,970 shares of the company’s stock valued at $1,402,000 after buying an additional 277 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Roku by 10.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,330 shares of the company’s stock valued at $214,000 after buying an additional 225 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Roku by 13,592.0% in the 4th quarter. International Assets Investment Management LLC now owns 132,265 shares of the company’s stock worth $12,123,000 after buying an additional 131,299 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Roku by 1,822.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 596 shares of the company’s stock worth $55,000 after acquiring an additional 565 shares in the last quarter. 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.