Roku (NASDAQ:ROKU) Shares Down 5.2% – What’s Next?

Roku, Inc. (NASDAQ:ROKU) traded down 5.2% on Friday . The company traded as low as $94.56 and last traded at $95.20. 4,308,811 shares changed hands during mid-day trading, an increase of 49% from the average session volume of 2,899,690 shares. The stock had previously closed at $100.46.

Analysts Set New Price Targets

ROKU has been the topic of a number of analyst reports. Zacks Research downgraded Roku from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Wall Street Zen upgraded Roku from a “hold” rating to a “buy” rating in a research report on Sunday, December 7th. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price objective on shares of Roku in a research report on Thursday, October 2nd. Citigroup reiterated an “outperform” rating on shares of Roku in a research note on Friday, January 9th. Finally, Guggenheim boosted their target price on shares of Roku from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Twenty-two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.79.

Roku Price Performance

The company has a fifty day moving average price of $105.20 and a two-hundred day moving average price of $98.93. The company has a market capitalization of $14.07 billion, a P/E ratio of -475.98 and a beta of 1.95.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company earned ($0.06) EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Roku news, insider Gilbert Fuchsberg sold 3,250 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $108.78, for a total transaction of $353,535.00. Following the completion of the sale, the insider owned 59,094 shares of the company’s stock, valued at approximately $6,428,245.32. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Neil D. Hunt sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $108.98, for a total transaction of $217,960.00. Following the completion of the transaction, the director owned 7,782 shares in the company, valued at $848,082.36. This trade represents a 20.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 250,194 shares of company stock valued at $26,511,472. Corporate insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its stake in Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the period. Aventura Private Wealth LLC bought a new position in shares of Roku during the 4th quarter worth approximately $26,000. Westfuller Advisors LLC acquired a new stake in shares of Roku during the 3rd quarter worth approximately $30,000. WPG Advisers LLC bought a new stake in shares of Roku in the 4th quarter valued at $31,000. Finally, Root Financial Partners LLC acquired a new position in shares of Roku during the 3rd quarter valued at $33,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.