Roku (NASDAQ:ROKU) Trading 0.2% Higher

Roku, Inc. (NASDAQ:ROKU)’s stock price shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $75.47 and last traded at $73.96. 624,495 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 4,555,332 shares. The stock had previously closed at $73.80.

Wall Street Analyst Weigh In

ROKU has been the subject of several research reports. Wedbush reiterated an “outperform” rating and set a $75.00 price target on shares of Roku in a research report on Friday, August 2nd. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Friday, August 23rd. Macquarie dropped their target price on Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Wells Fargo & Company upgraded Roku from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $50.00 to $72.00 in a report on Thursday, September 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Roku currently has an average rating of “Hold” and an average target price of $78.75.

Roku Stock Up 2.2 %

The company has a market cap of $10.87 billion, a price-to-earnings ratio of -18.68 and a beta of 2.06. The company has a fifty day simple moving average of $63.56 and a two-hundred day simple moving average of $61.22.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.21. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The business had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. During the same period in the prior year, the business earned ($0.76) earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. On average, research analysts predict that Roku, Inc. will post -1.45 EPS for the current year.

Insiders Place Their Bets

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares in the company, valued at approximately $376,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, the chief executive officer now owns 5,020 shares of the company’s stock, valued at approximately $376,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gilbert Fuchsberg sold 1,693 shares of Roku stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the sale, the insider now directly owns 38,602 shares in the company, valued at approximately $2,485,582.78. The disclosure for this sale can be found here. Insiders sold 46,945 shares of company stock worth $3,465,135 over the last three months. 13.98% of the stock is owned by insiders.

Institutional Trading of Roku

A number of institutional investors have recently bought and sold shares of the company. Centaurus Financial Inc. increased its stake in shares of Roku by 8.7% in the second quarter. Centaurus Financial Inc. now owns 5,020 shares of the company’s stock worth $301,000 after purchasing an additional 400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Roku during the second quarter valued at about $1,378,000. Granite Bay Wealth Management LLC bought a new position in Roku during the second quarter valued at about $1,142,000. Quarry LP grew its stake in shares of Roku by 127.9% in the 2nd quarter. Quarry LP now owns 1,682 shares of the company’s stock valued at $101,000 after purchasing an additional 944 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of Roku by 144.4% in the 2nd quarter. Algert Global LLC now owns 55,177 shares of the company’s stock worth $3,307,000 after acquiring an additional 32,603 shares in the last quarter. 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.