Roku (NASDAQ:ROKU) Hits New 12-Month Low at $51.51

Roku, Inc. (NASDAQ:ROKU)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $51.51 and last traded at $52.10, with a volume of 399566 shares traded. The stock had previously closed at $52.53.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wedbush decreased their target price on Roku from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Piper Sandler reiterated a “neutral” rating and issued a $65.00 price target (down from $81.00) on shares of Roku in a research report on Friday, April 26th. Seaport Res Ptn upgraded Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Citigroup reduced their target price on Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Finally, Morgan Stanley reduced their target price on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, April 5th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $82.50.

Roku Stock Performance

The business has a 50 day moving average price of $58.04 and a two-hundred day moving average price of $72.37. The company has a market cap of $7.84 billion, a P/E ratio of -13.63 and a beta of 1.92.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company had revenue of $881.50 million during the quarter, compared to analyst estimates of $843.54 million. During the same quarter in the previous year, the company posted ($1.38) EPS. Roku’s revenue for the quarter was up 19.0% on a year-over-year basis. As a group, research analysts expect that Roku, Inc. will post -1.94 EPS for the current year.

Insider Activity

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 stock was sold at an average price of $55.59, for a total transaction of $673,973.16. Following the completion of the transaction, the senior vice president now owns 91,905 shares of the company’s stock, valued at approximately $5,108,998.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Roku news, insider Charles Collier sold 7,181 shares of the company’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 transaction of $409,532.43. Following the completion of the transaction, the insider now owns 15,654 shares of the company’s stock, valued at approximately $892,747.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $673,973.16. Following the transaction, the senior vice president now directly owns 91,905 shares of the company’s stock, valued at approximately $5,108,998.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,898 shares of company stock valued at $1,347,966. Insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale grew its holdings in shares of Roku by 2.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 15,408 shares of the company’s stock worth $1,007,000 after acquiring an additional 438 shares during the period. EULAV Asset Management grew its holdings in shares of Roku by 59.2% during the 1st quarter. EULAV Asset Management now owns 121,000 shares of the company’s stock worth $7,886,000 after acquiring an additional 45,000 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Roku by 4.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 82,121 shares of the company’s stock worth $5,352,000 after acquiring an additional 3,400 shares during the period. Cetera Investment Advisers grew its holdings in shares of Roku by 240.3% during the 1st quarter. Cetera Investment Advisers now owns 41,805 shares of the company’s stock worth $2,724,000 after acquiring an additional 29,521 shares during the period. Finally, Swedbank AB purchased a new position in shares of Roku during the 1st quarter worth approximately $1,180,000. Institutional investors own 86.30% of the company’s stock.

About Roku

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.