Roku (NASDAQ:ROKU) Stock Price Up 0.5%

Shares of Roku, Inc. (NASDAQ:ROKU) rose 0.5% during trading on Tuesday . The company traded as high as $54.97 and last traded at $54.71. Approximately 397,380 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 4,982,299 shares. The stock had previously closed at $54.45.

Analyst Ratings Changes

ROKU has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded shares of Roku from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Wells Fargo & Company lifted their price target on shares of Roku from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Friday, April 26th. Morgan Stanley dropped their price objective 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. Wedbush dropped their price objective on shares of Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, Benchmark dropped their price objective on shares of Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $82.50.

Roku Trading Up 4.6 %

The firm’s 50-day moving average price is $57.87 and its 200-day moving average price is $71.16.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.29. The firm had revenue of $881.50 million for the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the business posted ($1.38) earnings per share. On average, sell-side analysts expect that Roku, Inc. will post -1.94 EPS for the current year.

Insider Activity

In other news, SVP Stephen H. Kay sold 12,124 shares of Roku 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 sale, the senior vice president now owns 91,905 shares in the company, valued at $5,108,998.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Stephen H. Kay sold 12,124 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 91,905 shares in the company, valued at $5,108,998.95. The sale 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 business’s stock in a transaction 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 sale, 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 have sold a total of 23,898 shares of company stock worth $1,347,966 over the last quarter. Insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

Several large investors have recently bought and sold shares of the business. Harbour Investments Inc. increased its position in Roku by 3.3% during the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock valued at $247,000 after acquiring an additional 113 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Roku by 0.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock valued at $1,187,000 after acquiring an additional 117 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Roku by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock valued at $4,415,000 after acquiring an additional 150 shares during the last quarter. Benjamin Edwards Inc. increased its position in Roku by 43.5% during the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares during the last quarter. Finally, Amalgamated Bank increased its position in Roku by 1.0% during the fourth quarter. Amalgamated Bank now owns 19,820 shares of the company’s stock valued at $1,817,000 after acquiring an additional 191 shares during 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.