Roku (NASDAQ:ROKU) Trading Up 2.7% – Still a Buy?

Roku, Inc. (NASDAQ:ROKU) was up 2.7% during mid-day trading on Thursday . The stock traded as high as $75.10 and last traded at $74.07. Approximately 1,072,267 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 3,676,265 shares. The stock had previously closed at $72.14.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group increased 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. Rosenblatt Securities restated a “neutral” rating and issued a $86.00 price target on shares of Roku in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Bank of America increased their price target on Roku from $90.00 to $120.00 and gave the company 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and an average target price of $96.71.

Roku Trading Up 6.1 %

The company has a market cap of $11.43 billion, a PE ratio of -87.97 and a beta of 2.12. The business’s 50 day moving average is $80.89 and its two-hundred day moving average is $77.14.

Roku (NASDAQ:ROKU) last released 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 firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, equities research analysts predict that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the sale, the chief financial officer now directly owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 4,600 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the sale, the chief executive officer now owns 6,243 shares in the company, valued at $468,225. This represents a 42.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,908 shares of company stock valued at $8,633,436 in the last three months. 13.98% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roku

Several institutional investors have recently bought and sold shares of ROKU. Farther Finance Advisors LLC raised its position in shares of Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after buying an additional 121 shares in the last quarter. United Advisor Group LLC increased 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 acquiring an additional 130 shares during the last quarter. Cerity Partners LLC increased its stake in Roku by 0.5% during the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock worth $1,984,000 after acquiring an additional 145 shares during the last quarter. True Vision MN LLC raised its position in Roku by 3.1% during the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after purchasing an additional 152 shares during the period. Finally, Richard W. Paul & Associates LLC lifted its stake in shares of Roku by 1.1% in the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock valued at $1,189,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

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.