Roku (NASDAQ:ROKU) Trading 0.9% Higher – Still a Buy?

Roku, Inc. (NASDAQ:ROKU)’s share price was up 0.9% on Wednesday . The stock traded as high as $72.07 and last traded at $71.25. Approximately 750,031 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 3,698,515 shares. The stock had previously closed at $70.60.

Wall Street Analyst Weigh In

A number of research firms recently commented on ROKU. JMP Securities raised their price objective on shares of Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. Citizens Jmp raised Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Loop Capital upped their price target on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th. Finally, Compass Point began coverage on Roku in a research note on Sunday, March 23rd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.55.

Roku Stock Up 2.3 %

The business has a 50-day simple moving average of $80.80 and a 200-day simple moving average of $77.67. The stock has a market cap of $10.54 billion, a P/E ratio of -81.16 and a beta of 2.12.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data 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. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Charles Collier sold 7,181 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total transaction of $561,913.25. Following the completion of the transaction, the insider now directly owns 7,380 shares in the company, valued at $577,485. The trade was a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,116,936.26. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,908 shares of company stock valued at $8,633,436. 13.98% of the stock is owned by insiders.

Hedge Funds Weigh In On Roku

Several large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Roku by 19.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock worth $463,000 after purchasing an additional 1,024 shares during the period. Audent Global Asset Management LLC increased its stake in Roku by 222.9% during the fourth quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock valued at $1,571,000 after acquiring an additional 14,584 shares during the period. Siemens Fonds Invest GmbH acquired a new position in Roku in the 4th quarter valued at approximately $1,681,000. Fluent Financial LLC bought a new stake in shares of Roku in the 4th quarter worth approximately $660,000. Finally, United Advisor Group LLC grew its holdings in shares of Roku by 0.9% during the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares in the last quarter. 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.