Roku (NASDAQ:ROKU) Shares Down 0.2% – Should You Sell?

Roku, Inc. (NASDAQ:ROKU) shares were down 0.2% on Thursday . The stock traded as low as $78.59 and last traded at $79.44. Approximately 449,703 shares changed hands during trading, a decline of 84% from the average daily volume of 2,790,315 shares. The stock had previously closed at $79.60.

Analysts Set New Price Targets

Several brokerages have issued reports on ROKU. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research note on Wednesday, January 8th. UBS Group started coverage on shares of Roku in a research report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price objective for the company. Piper Sandler boosted their target price on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Rosenblatt Securities lifted their price target on Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Moffett Nathanson lowered Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a report on Friday, January 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two 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 a consensus price target of $83.18.

Roku Price Performance

The company has a 50-day moving average price of $76.87 and a 200-day moving average price of $71.06. The firm has a market capitalization of $11.83 billion, a PE ratio of -67.80 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business posted ($2.33) earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, research analysts predict that Roku, Inc. will post -1.09 earnings per share for the current fiscal year.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now owns 65,555 shares in the company, valued at approximately $4,916,625. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Collier sold 10,771 shares of Roku stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the transaction, the insider now directly owns 3,790 shares of the company’s stock, valued at $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,095 shares of company stock worth $5,726,218. 13.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Roku

Several institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Raelipskie Partnership purchased a new stake in shares of Roku in the 3rd quarter valued at approximately $32,000. Future Financial Wealth Managment LLC acquired a new stake in Roku during the 3rd quarter worth about $43,000. GS Investments Inc. grew its holdings in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares during the last quarter. 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.