Roku (NASDAQ:ROKU) Trading Down 0% – Should You Sell?

Shares of Roku, Inc. (NASDAQ:ROKU) were down 0% during mid-day trading on Monday . The company traded as low as $67.33 and last traded at $67.76. Approximately 604,872 shares were traded during trading, a decline of 84% from the average daily volume of 3,704,999 shares. The stock had previously closed at $67.78.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ROKU shares. JPMorgan Chase & Co. upped their target price on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wedbush reiterated an “outperform” rating and set a $100.00 target price on shares of Roku in a research report on Monday, February 10th. Jefferies Financial Group raised shares of Roku from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $55.00 to $100.00 in a research note on Thursday, February 20th. Rosenblatt Securities reissued a “neutral” rating and set a $86.00 price target on shares of Roku in a research note on Thursday, February 13th. Finally, Bank of America boosted their price target on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research note 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and an average target price of $96.71.

Roku Stock Down 3.3 %

The stock’s fifty day moving average is $81.31 and its two-hundred day moving average is $77.12. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -75.69 and a beta of 2.12.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, analysts anticipate that Roku, Inc. will post -0.3 EPS for the current year.

Insider Activity

In other news, CAO Matthew C. Banks sold 1,906 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of the sale, the chief accounting officer now owns 7,256 shares in the company, valued at approximately $583,092.16. This trade represents a 20.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 7,181 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total transaction of $561,913.25. Following the sale, the insider now owns 7,380 shares of the company’s stock, valued at approximately $577,485. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,308 shares of company stock valued at $8,213,436 in the last quarter. Company insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

A number of hedge funds have recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after buying an additional 4,613,570 shares during the last quarter. Vanguard Group Inc. raised its stake in Roku by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock worth $910,597,000 after purchasing an additional 185,676 shares in the last quarter. Marshall Wace LLP raised its stake in Roku by 663.9% in the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after purchasing an additional 2,030,036 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Roku by 10.5% in 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 purchasing an additional 215,841 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Roku by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after purchasing an additional 56,820 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.