Roku (NASDAQ:ROKU) Shares Down 0.2% – Time to Sell?

Roku, Inc. (NASDAQ:ROKU) was down 0.2% during trading on Monday . The company traded as low as $83.84 and last traded at $83.97. Approximately 1,098,094 shares traded hands during trading, a decline of 75% from the average daily volume of 4,430,691 shares. The stock had previously closed at $84.12.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ROKU shares. Macquarie reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Roku in a research note on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Roku in a research report on Wednesday, December 4th. Bank of America increased their target price on shares of Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Finally, Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.81.

Roku Trading Up 1.0 %

The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of -68.18 and a beta of 2.06. The stock has a 50-day simple moving average of $74.56 and a 200 day simple moving average of $66.49.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business earned ($2.33) EPS. The business’s quarterly revenue was up 16.5% on a year-over-year basis. Sell-side analysts expect that Roku, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the sale, the chief financial officer now owns 65,555 shares of the company’s stock, valued at $4,916,625. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew C. Banks sold 8,693 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the completion of the sale, the chief accounting officer now directly owns 7,264 shares in the company, valued at approximately $518,940.16. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,550 shares of company stock valued at $6,621,873 in the last 90 days. 13.98% of the stock is currently owned by insiders.

Institutional Trading of Roku

Several institutional investors have recently bought and sold shares of ROKU. Raelipskie Partnership acquired a new stake in Roku in the 3rd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its position in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Roku in the 3rd quarter valued at $43,000. GS Investments Inc. raised its position in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new position in Roku in the 2nd quarter valued at $48,000. Institutional investors and hedge funds 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.