Roku (NASDAQ:ROKU) Trading 0.1% Higher – Should You Buy?

Roku, Inc. (NASDAQ:ROKU)’s stock price rose 0.1% on Tuesday . The stock traded as high as $82.34 and last traded at $81.32. Approximately 664,378 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 3,693,114 shares. The stock had previously closed at $81.23.

Analyst Ratings Changes

ROKU has been the subject of a number of research reports. JMP Securities boosted their target price on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Loop Capital lifted their price target on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. increased their price target on Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded Roku from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. Finally, UBS Group increased their target price on Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.67.

Roku Stock Down 0.0 %

The stock has a 50-day moving average of $80.98 and a 200 day moving average of $77.42. The stock has a market cap of $11.85 billion, a PE ratio of -91.24 and a beta of 2.12.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Research analysts forecast that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, CFO Dan Jedda sold 5,000 shares of Roku stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the sale, the chief financial officer now owns 58,555 shares in the company, valued at $5,878,922. The trade was a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the transaction, the chief accounting officer now owns 7,256 shares of the company’s stock, valued at approximately $583,092.16. This represents a 20.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,908 shares of company stock worth $8,633,436 in the last ninety days. 13.98% of the stock is owned by insiders.

Hedge Funds Weigh In On Roku

A number of hedge funds have recently made changes to their positions in ROKU. Geneos Wealth Management Inc. lifted its stake in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in Roku during the fourth quarter worth about $30,000. Raelipskie Partnership acquired a new stake in shares of Roku during the third quarter worth about $32,000. Game Plan Financial Advisors LLC purchased a new position in shares of Roku in the fourth quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.