Roku (NASDAQ:ROKU) Trading Up 3.3%

Roku, Inc. (NASDAQ:ROKU) was up 3.3% during mid-day trading on Monday . The company traded as high as $63.76 and last traded at $61.88. Approximately 2,143,958 shares changed hands during trading, a decline of 57% from the average daily volume of 4,961,449 shares. The stock had previously closed at $59.93.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ROKU shares. Jefferies Financial Group started coverage on shares of Roku in a report on Thursday, May 2nd. They set an “underperform” rating and a $50.00 price target for the company. Benchmark cut their price target on shares of Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Rosenblatt Securities reiterated a “neutral” rating and set a $89.00 price target on shares of Roku in a research note on Friday, April 26th. Citigroup dropped their price objective on shares of Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 30th. Finally, Morgan Stanley lowered their target price on shares of Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, April 5th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $82.50.

Roku Stock Up 3.1 %

The stock has a fifty day simple moving average of $57.94 and a 200-day simple moving average of $70.35. The company has a market capitalization of $8.90 billion, a P/E ratio of -15.51 and a beta of 1.96.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million during the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the company earned ($1.38) earnings per share. Analysts predict that Roku, Inc. will post -1.94 earnings per share for the current fiscal year.

Insider Activity at Roku

In other Roku news, Director Mai Fyfield sold 650 shares of the business’s stock in a transaction that occurred 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 sale, 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 Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mai Fyfield sold 650 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 3,259 shares in the company, valued at approximately $188,630.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charles Collier sold 7,181 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total value of $409,532.43. Following the transaction, the insider now directly owns 15,654 shares in the company, valued at $892,747.62. The disclosure for this sale can be found here. In the last three months, insiders sold 23,691 shares of company stock worth $1,334,455. 13.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ROKU. GAMMA Investing LLC acquired a new position in shares of Roku during the 4th quarter worth approximately $27,000. Creative Financial Designs Inc. ADV acquired a new position in Roku in the 4th quarter valued at $29,000. Federated Hermes Inc. acquired a new position in Roku in the 3rd quarter valued at $37,000. Quarry LP grew its holdings in Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 266 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in 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 buying an additional 187 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

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.