Roku (NASDAQ:ROKU) Stock Price Down 2.3% – Should You Sell?

Roku, Inc. (NASDAQ:ROKU) shares traded down 2.3% during mid-day trading on Tuesday . The company traded as low as $102.57 and last traded at $106.10. 3,364,554 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 3,835,706 shares. The stock had previously closed at $108.63.

Analyst Ratings Changes

ROKU has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Roku from $113.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley reiterated an “underweight” rating on shares of Roku in a research note on Friday. UBS Group raised their price objective on shares of Roku from $95.00 to $103.00 and gave the stock a “neutral” rating in a report on Monday. KeyCorp reaffirmed an “overweight” rating and set a $116.00 price target on shares of Roku in a research report on Tuesday, October 28th. Finally, Susquehanna reissued a “positive” rating and issued a $130.00 price objective on shares of Roku in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $110.18.

Roku Price Performance

The company has a fifty day moving average price of $98.31 and a 200 day moving average price of $86.03. The company has a market capitalization of $15.63 billion, a P/E ratio of -530.47, a price-to-earnings-growth ratio of 9.21 and a beta of 2.18.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 1.09% and a negative net margin of 0.61%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business earned ($0.06) EPS. The firm’s revenue was up 14.0% on a year-over-year basis. Roku has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the sale, the chief executive officer owned 45,712 shares of the company’s stock, valued at approximately $4,571,200. The trade was a 35.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mustafa Ozgen sold 50,527 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total value of $5,052,700.00. The SEC filing for this sale provides additional information. Insiders sold 349,971 shares of company stock valued at $34,855,055 in the last ninety days. Company insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Westfuller Advisors LLC acquired a new position in shares of Roku during the third quarter valued at $30,000. Root Financial Partners LLC acquired a new stake in Roku in the third quarter worth about $33,000. Cornerstone Planning Group LLC grew its position in Roku by 20,450.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock valued at $41,000 after buying an additional 409 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new position in Roku during the 1st quarter valued at about $30,000. Finally, Banque Transatlantique SA bought a new stake in shares of Roku during the 1st quarter worth about $28,000. 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.