Roku (NASDAQ:ROKU) Stock Price Down 0.3% – What’s Next?

Roku, Inc. (NASDAQ:ROKU)’s stock price dropped 0.3% during trading on Tuesday . The company traded as low as $69.09 and last traded at $70.91. Approximately 807,583 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 3,740,339 shares. The stock had previously closed at $71.15.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ROKU shares. JMP Securities lifted their price target on shares of Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $125.00 in a research report on Friday, February 14th. Citigroup boosted their price target on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company upgraded shares of Roku from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $74.00 to $129.00 in a report on Friday, February 14th. Finally, UBS Group boosted their price target on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $96.71.

Roku Stock Down 4.7 %

The stock’s 50-day simple moving average is $82.05 and its two-hundred day simple moving average is $77.07. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of -75.99 and a beta of 2.12.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, sell-side analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Insider Activity

In related news, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the completion of the sale, the insider now directly owns 7,380 shares in the company, valued at approximately $577,485. This trade represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.73, for a total transaction of $82,730.00. Following the sale, the chief financial officer now owns 64,555 shares of the company’s stock, valued at approximately $5,340,635.15. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,308 shares of company stock worth $8,296,166 over the last three months. Insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Audent Global Asset Management LLC increased its position in Roku by 222.9% during the fourth quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock worth $1,571,000 after purchasing an additional 14,584 shares during the last quarter. Siemens Fonds Invest GmbH purchased a new position in Roku during the fourth quarter worth about $1,681,000. Fluent Financial LLC purchased a new position in Roku during the fourth quarter worth about $660,000. United Advisor Group LLC boosted its stake in Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after buying an additional 130 shares during the period. Finally, Empirical Capital Management LLC boosted its stake in Roku by 0.5% during the fourth quarter. Empirical Capital Management LLC now owns 284,500 shares of the company’s stock worth $21,150,000 after buying an additional 1,300 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.