Roku (NASDAQ:ROKU) Shares Up 0% – Should You Buy?

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ROKU shares. JMP Securities assumed coverage on shares of Roku in a research report on Tuesday, January 21st. They issued a “mkt outperform” rating and a $95.00 target price on the stock. Rosenblatt Securities raised their price objective on shares of Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Macquarie reissued an “outperform” rating and set a $90.00 target price on shares of Roku in a research note on Thursday, October 31st. Moffett Nathanson lowered Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price for the company. in a report on Friday, January 10th. Finally, Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.18.

Roku Trading Down 3.0 %

The stock has a fifty day moving average price of $78.21 and a 200 day moving average price of $71.88. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of -68.97 and a beta of 2.05.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted ($2.33) earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, sell-side analysts forecast that Roku, Inc. will post -1.09 EPS for the current year.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,193,100.32. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles Collier sold 10,771 shares of Roku stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the transaction, the insider now directly owns 3,790 shares in the company, valued at approximately $269,620.60. This represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,885 shares of company stock valued at $5,712,912. Company insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

Several large investors have recently bought and sold shares of the stock. GS Investments Inc. lifted its holdings in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares in the last quarter. PFG Investments LLC lifted its stake in shares of Roku by 3.7% during the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after acquiring an additional 150 shares during the period. True Vision MN LLC increased its position in Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares during the period. CIBC Asset Management Inc raised its holdings in Roku by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock worth $287,000 after purchasing an additional 191 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Roku by 4.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after purchasing an additional 202 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

About Roku

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.