Roku (NASDAQ:ROKU) Stock Price Up 0% – Here’s What Happened

Roku, Inc. (NASDAQ:ROKU)’s share price traded up 0% during mid-day trading on Thursday . The stock traded as high as $87.00 and last traded at $85.58. 661,470 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 3,664,415 shares. The stock had previously closed at $85.57.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ROKU shares. UBS Group upped their target price on Roku from $73.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Robert W. Baird upgraded shares of Roku from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Macquarie restated an “outperform” rating and set a $90.00 price objective on shares of Roku in a research report on Thursday, October 31st. Loop Capital boosted their target price on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Piper Sandler lifted their price target on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.00.

Roku Stock Down 4.8 %

The firm has a 50-day moving average of $82.02 and a 200 day moving average of $75.84. The stock has a market capitalization of $11.89 billion, a P/E ratio of -91.56 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate 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.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,193,100.32. The trade was a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of Roku 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 transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,421 shares of company stock valued at $9,660,786. Corporate insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC bought a new position in Roku in the 4th quarter valued at approximately $30,000. Raelipskie Partnership acquired a new stake in Roku during the 3rd quarter worth approximately $32,000. Game Plan Financial Advisors LLC bought a new stake in Roku during the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after purchasing an additional 491 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.