Roku (NASDAQ:ROKU) Shares Up 0.7%

Roku, Inc. (NASDAQ:ROKU) shot up 0.7% during trading on Friday . The company traded as high as $62.11 and last traded at $61.10. 698,576 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 4,849,585 shares. The stock had previously closed at $60.67.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ROKU. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Roku in a research report on Thursday, June 20th. Rosenblatt Securities restated a “neutral” rating and issued a $89.00 price target on shares of Roku in a research report on Friday, April 26th. Morgan Stanley decreased their price target on Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, April 5th. Wedbush restated an “outperform” rating and issued a $75.00 price target on shares of Roku in a research report on Thursday, June 27th. Finally, Wells Fargo & Company lifted their target price on Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $82.50.

Roku Stock Up 1.1 %

The stock has a 50 day moving average of $58.34 and a 200 day moving average of $68.66. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of -15.31 and a beta of 1.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The company had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.38) earnings per share. As a group, sell-side analysts anticipate that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Stephen H. Kay sold 3,322 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total transaction of $189,652.98. Following the completion of the sale, the senior vice president now owns 82,036 shares in the company, valued at $4,683,435.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Roku news, SVP Stephen H. Kay sold 3,322 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total value of $189,652.98. Following the transaction, the senior vice president now owns 82,036 shares of the company’s stock, valued at $4,683,435.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Stephen H. Kay sold 12,124 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total value of $673,973.16. Following the completion of the transaction, the senior vice president now directly owns 91,905 shares in the company, valued at approximately $5,108,998.95. The disclosure for this sale can be found here. Insiders have sold a total of 23,691 shares of company stock valued at $1,334,455 over the last ninety days. 13.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Roku during the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV bought a new position in shares of Roku in the fourth quarter worth approximately $29,000. Quarry LP grew its holdings in shares of Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after purchasing an additional 266 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock worth $40,000 after purchasing an additional 187 shares during the last quarter. Finally, Headinvest LLC bought a new position in shares of Roku in the third quarter worth approximately $42,000. Hedge funds and other 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.