Roku (NASDAQ:ROKU) Trading Down 0.4%

Roku, Inc. (NASDAQ:ROKU)’s stock price dropped 0.4% on Monday . The company traded as low as $60.25 and last traded at $61.07. Approximately 692,309 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 4,834,443 shares. The stock had previously closed at $61.32.

Wall Street Analyst Weigh In

ROKU has been the topic of a number of analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $65.00 price objective (down from $81.00) on shares of Roku in a research report on Friday, April 26th. Wells Fargo & Company raised their target price on Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a report on Friday, April 26th. Jefferies Financial Group began coverage on Roku in a report on Thursday, May 2nd. They issued an “underperform” rating and a $50.00 target price for the company. Wedbush reissued an “outperform” rating and issued a $75.00 target price on shares of Roku in a report on Thursday, June 27th. Finally, Citigroup reduced their target price on Roku from $75.00 to $70.00 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $82.50.

Roku Trading Up 1.9 %

The stock has a market cap of $9.00 billion, a price-to-earnings ratio of -15.80 and a beta of 1.96. The firm’s 50 day moving average is $58.39 and its two-hundred day moving average is $68.08.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.29. The company had revenue of $881.50 million during the quarter, compared to analysts’ expectations 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 revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.38) EPS. As a group, equities analysts expect that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other news, SVP Stephen H. Kay sold 3,322 shares of the business’s stock in a transaction dated 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 approximately $4,683,435.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Stephen H. Kay sold 3,322 shares of the business’s stock in a transaction dated 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 approximately $4,683,435.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 dated Thursday, June 13th. The stock was sold at an average price of $55.59, for a total value of $673,973.16. Following the sale, the senior vice president now owns 91,905 shares of the company’s stock, valued at approximately $5,108,998.95. The disclosure for this sale can be found here. Insiders sold 23,691 shares of company stock worth $1,334,455 in the last 90 days. 13.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently bought and sold shares of the stock. Granite Bay Wealth Management LLC acquired a new position in shares of Roku in the 2nd quarter valued at approximately $1,142,000. Gateway Investment Advisers LLC grew its stake in shares of Roku by 7.2% in the second quarter. Gateway Investment Advisers LLC now owns 14,745 shares of the company’s stock worth $884,000 after purchasing an additional 984 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Roku by 238.6% in the second quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock worth $4,407,000 after purchasing an additional 51,815 shares in the last quarter. Warther Private Wealth LLC grew its stake in shares of Roku by 35.4% in the second quarter. Warther Private Wealth LLC now owns 99,730 shares of the company’s stock worth $5,977,000 after purchasing an additional 26,053 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Roku in the second quarter worth $496,000. 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.