Roku (NASDAQ:ROKU) Trading Up 2.3% – Still a Buy?

Roku, Inc. (NASDAQ:ROKU)’s share price traded up 2.3% during trading on Wednesday . The company traded as high as $82.79 and last traded at $82.30. 911,005 shares traded hands during trading, a decline of 75% from the average session volume of 3,611,682 shares. The stock had previously closed at $80.41.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROKU. JMP Securities lifted their price objective on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Citigroup raised their target price on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Finally, Benchmark upped their price target on shares of Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.71.

Roku Stock Performance

The business’s fifty day moving average is $82.19 and its 200-day moving average is $76.66. The firm has a market cap of $12.27 billion, a P/E ratio of -94.38 and a beta of 2.12.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. The firm 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%. Analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,221 shares of company stock valued at $9,647,087. 13.98% of the stock is currently owned by company insiders.

Institutional Trading of Roku

Large investors have recently bought and sold shares of the business. FMR LLC boosted its position in shares of Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock valued at $1,426,134,000 after purchasing an additional 4,613,570 shares in the last quarter. Vanguard Group Inc. lifted its stake in Roku by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock valued at $910,597,000 after buying an additional 185,676 shares during the period. Marshall Wace LLP boosted its holdings in shares of Roku by 663.9% during the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after buying an additional 2,030,036 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Roku by 10.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock worth $168,734,000 after buying an additional 215,841 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Roku by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock valued at $159,353,000 after acquiring an additional 56,820 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.