Roku (NASDAQ:ROKU) Trading Down 1.5%

Roku, Inc. (NASDAQ:ROKU) shares fell 1.5% during mid-day trading on Tuesday . The stock traded as low as $60.82 and last traded at $61.12. Approximately 422,763 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 4,773,427 shares. The stock had previously closed at $62.05.

Analysts Set New Price Targets

ROKU has been the topic of several research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Roku in a research note on Wednesday, July 10th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Roku in a research report on Thursday, June 20th. Jefferies Financial Group began coverage on shares of Roku in a research note on Thursday, May 2nd. They set an “underperform” rating and a $50.00 target price for the company. Seaport Res Ptn raised shares of Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $89.00 price objective on shares of Roku in a research note on Friday, April 26th. 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 stock. According to data from MarketBeat.com, Roku has a consensus rating of “Hold” and an average price target of $82.50.

Roku Price Performance

The company has a 50 day moving average price of $58.67 and a 200-day moving average price of $66.67. The stock has a market capitalization of $8.28 billion, a PE ratio of -14.19 and a beta of 1.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.29. The company 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 firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.38) EPS. As a group, equities analysts anticipate that Roku, Inc. will post -1.94 earnings per share for the current year.

Insider Transactions at Roku

In other news, insider Charles Collier sold 3,590 shares of Roku stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total value of $233,350.00. Following the completion of the transaction, the insider now owns 12,064 shares of the company’s stock, valued at approximately $784,160. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Roku news, SVP Stephen H. Kay sold 12,124 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $55.59, for a total transaction of $673,973.16. Following the completion of the sale, the senior vice president now directly owns 91,905 shares of the company’s stock, valued at $5,108,998.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 3,590 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total transaction of $233,350.00. Following the sale, the insider now directly owns 12,064 shares of the company’s stock, valued at approximately $784,160. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,281 shares of company stock valued at $1,567,805. Insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Beacon Capital Management LLC boosted its holdings in Roku by 16.5% in the 2nd quarter. Beacon Capital Management LLC now owns 1,803 shares of the company’s stock worth $108,000 after buying an additional 256 shares during the period. Richard W. Paul & Associates LLC grew its holdings in Roku by 16.0% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 12,425 shares of the company’s stock valued at $745,000 after buying an additional 1,718 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in Roku during the 2nd quarter valued at approximately $517,000. First Horizon Advisors Inc. increased its holdings in shares of Roku by 14.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,531 shares of the company’s stock worth $212,000 after buying an additional 445 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Roku by 3,310.5% in the second quarter. Blue Trust Inc. now owns 2,592 shares of the company’s stock worth $169,000 after buying an additional 2,516 shares during the last quarter. Hedge funds and other 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.