Roku (NASDAQ:ROKU) Trading 0% Higher – Should You Buy?

Roku, Inc. (NASDAQ:ROKU)’s stock price was up 0% on Wednesday . The company traded as high as $82.83 and last traded at $82.36. Approximately 351,659 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 2,708,599 shares. The stock had previously closed at $82.34.

Analyst Ratings Changes

A number of research firms have commented on ROKU. UBS Group began coverage on shares of Roku in a research report on Friday, November 22nd. They set a “neutral” rating and a $73.00 target price on the stock. Wells Fargo & Company upped their target price on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Wedbush reiterated an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Wednesday, January 8th. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $70.00 to $90.00 in a report on Monday, November 18th. Finally, Citizens Jmp upgraded Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Roku Trading Up 0.2 %

The stock has a 50-day simple moving average of $77.60 and a 200 day simple moving average of $71.71. The company has a market cap of $11.99 billion, a price-to-earnings ratio of -69.11 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted ($2.33) EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. As a group, research analysts forecast that Roku, Inc. will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the transaction, the chief financial officer now owns 64,555 shares of the company’s stock, valued at $5,340,635.15. The trade was a 1.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,095 shares of company stock valued at $5,726,218. 13.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roku

Several institutional investors and hedge funds have recently modified their holdings of ROKU. Geneos Wealth Management Inc. lifted its holdings in shares of Roku by 369.9% in the 4th 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. Raelipskie Partnership acquired a new position in Roku in the 3rd quarter worth about $32,000. Future Financial Wealth Managment LLC acquired a new position in Roku in the 3rd quarter worth about $43,000. GS Investments Inc. raised its holdings in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Roku by 50.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 991 shares of the company’s stock worth $74,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds 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.