Roku (NASDAQ:ROKU) Shares Up 1.6% – Should You Buy?

Roku, Inc. (NASDAQ:ROKUGet Free Report)’s share price was up 1.6% during mid-day trading on Thursday . The company traded as high as $85.40 and last traded at $83.92. Approximately 654,669 shares traded hands during trading, a decline of 75% from the average daily volume of 2,662,421 shares. The stock had previously closed at $82.58.

Analysts Set New Price Targets

ROKU has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Tuesday, January 7th. Wells Fargo & Company raised their price target on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. UBS Group started coverage on Roku in a research report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price objective for the company. Moffett Nathanson downgraded shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a report on Friday, January 10th. Finally, Macquarie reiterated an “outperform” rating and issued a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.18.

Check Out Our Latest Stock Report on Roku

Roku Stock Up 3.3 %

The stock has a market cap of $12.38 billion, a P/E ratio of -71.07 and a beta of 2.05. The firm has a 50 day simple moving average of $77.88 and a 200-day simple moving average of $71.78.

Roku (NASDAQ:ROKUGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned ($2.33) EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities analysts anticipate that Roku, Inc. will post -1.09 earnings per share for the current year.

Insider Buying and Selling at Roku

In related news, insider Charles Collier sold 10,771 shares of Roku stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the sale, the insider now directly owns 3,790 shares of the company’s stock, valued at approximately $269,620.60. This trade represents a 73.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now directly owns 65,555 shares in the company, valued at approximately $4,916,625. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,095 shares of company stock worth $5,726,218 over the last ninety days. Insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently bought and sold shares of ROKU. Geneos Wealth Management Inc. increased its holdings in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the period. Raelipskie Partnership acquired a new stake in Roku during the third quarter worth approximately $32,000. Future Financial Wealth Managment LLC bought a new position in Roku during the 3rd quarter worth $43,000. GS Investments Inc. raised its holdings 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 acquiring an additional 147 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Roku by 50.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock valued at $74,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Company Profile

(Get Free Report)

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.

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