Roku (NASDAQ:ROKU) Trading 1.4% Higher – Should You Buy?

by · The Cerbat Gem

Roku, Inc. (NASDAQ:ROKU – Get Free Report)’s stock price shot up 1.4% during mid-day trading on Tuesday . The stock traded as high as $95.58 and last traded at $94.88. 2,552,949 shares traded hands during trading, a decline of 32% from the average session volume of 3,772,987 shares. The stock had previously closed at $93.58.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of research reports. Rosenblatt Securities lifted their target price on Roku from $101.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Evercore ISI reaffirmed a “positive” rating on shares of Roku in a research note on Friday, October 31st. KeyCorp reissued an “overweight” rating and set a $116.00 target price on shares of Roku in a research note on Tuesday, October 28th. Citigroup boosted their price objective on Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Roku in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.14.

View Our Latest Stock Analysis on ROKU

Roku Stock Up 1.4%

The firm has a fifty day moving average price of $99.40 and a 200-day moving average price of $89.93. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of -474.38 and a beta of 2.18.

Roku (NASDAQ:ROKU – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted ($0.06) EPS. Roku’s revenue for the quarter was up 14.0% on a year-over-year basis. Roku has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Mustafa Ozgen sold 50,527 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $5,052,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $103.86, for a total value of $5,193,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 515,274 shares of company stock worth $53,880,874 over the last three months. Corporate insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Roku by 9.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,114 shares of the company’s stock valued at $112,000 after purchasing an additional 97 shares during the period. Cornerstone Wealth Management LLC boosted its position in Roku by 3.8% during the third quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $273,000 after purchasing an additional 100 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in Roku by 1.0% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after purchasing an additional 100 shares during the last quarter. Aviance Capital Partners LLC lifted its holdings in Roku by 2.6% during the 3rd quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock valued at $418,000 after purchasing an additional 106 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its holdings in shares of Roku by 1.8% during the third quarter. O Keefe Stevens Advisory Inc. now owns 6,233 shares of the company’s stock worth $624,000 after acquiring an additional 113 shares during the period. 86.30% of the stock is owned by institutional investors.

Roku Company Profile

(Get Free Report)

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.

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