Roku (NASDAQ:ROKU) Stock Price Up 1.6% – Here’s What Happened

by · The Cerbat Gem

Shares of Roku, Inc. (NASDAQ:ROKU – Get Free Report) were up 1.6% on Monday . The company traded as high as $102.85 and last traded at $101.70. Approximately 2,874,002 shares were traded during trading, a decline of 23% from the average daily volume of 3,744,850 shares. The stock had previously closed at $100.09.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ROKU shares. KeyCorp restated an “overweight” rating and issued a $116.00 price target on shares of Roku in a research note on Tuesday, October 28th. JMP Securities reissued a “market outperform” rating and issued a $145.00 price objective on shares of Roku in a research report on Thursday, October 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of Roku from $113.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Piper Sandler raised shares of Roku from a “neutral” rating to an “overweight” rating and increased their price target for the company from $88.00 to $135.00 in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.14.

Check Out Our Latest Stock Analysis on Roku

Roku Price Performance

The business’s 50-day moving average is $99.06 and its 200 day moving average is $92.19. The firm has a market capitalization of $15.57 billion, a P/E ratio of -526.77 and a beta of 1.98.

Roku (NASDAQ:ROKU – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted ($0.06) EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. Analysts anticipate that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other news, Director Neil D. Hunt sold 2,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $96.18, for a total transaction of $192,360.00. Following the sale, the director directly owned 7,782 shares of the company’s stock, valued at approximately $748,472.76. This represents a 20.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew C. Banks sold 731 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $95.64, for a total value of $69,912.84. Following the completion of the transaction, the chief accounting officer directly owned 6,554 shares of the company’s stock, valued at approximately $626,824.56. This trade represents a 10.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 415,668 shares of company stock valued at $43,965,186 over the last ninety days. 13.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Roku

Several hedge funds have recently bought and sold shares of ROKU. Allworth Financial LP lifted its holdings in shares of Roku by 77.9% during the 3rd quarter. Allworth Financial LP now owns 3,796 shares of the company’s stock worth $380,000 after acquiring an additional 1,662 shares during the period. IFP Advisors Inc raised its position in Roku by 110.9% during the third quarter. IFP Advisors Inc now owns 3,824 shares of the company’s stock valued at $383,000 after purchasing an additional 2,011 shares in the last quarter. Caerus Investment Advisors LLC bought a new stake in Roku during the third quarter worth $615,000. Captrust Financial Advisors boosted its holdings in shares of Roku by 253.3% in the 3rd quarter. Captrust Financial Advisors now owns 15,755 shares of the company’s stock valued at $1,578,000 after purchasing an additional 11,296 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Roku in the 3rd quarter valued at $456,000. 86.30% of the stock is owned by institutional investors.

About Roku

(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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