Roku (NASDAQ:ROKU – Get Rating) will issue its quarterly earnings data after the market closes on Wednesday, February 15th. Analysts expect the company to announce earnings of ($1.74) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Roku Stock Performance
Roku stock opened at $62.50 on Wednesday. The company has a market cap of $8.70 billion, a P/E ratio of -36.34 and a beta of 1.80. Roku has a one year low of $38.26 and a one year high of $177.96. The business has a fifty day moving average of $50.03 and a two-hundred day moving average of $59.04.
Insider Transactions at Roku
In related news, SVP Stephen H. Kay sold 1,469 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total transaction of $82,939.74. Following the transaction, the senior vice president now owns 81,290 shares of the company’s stock, valued at $4,589,633.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Roku news, SVP Stephen H. Kay sold 1,469 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $56.46, for a total transaction of $82,939.74. Following the completion of the transaction, the senior vice president now directly owns 81,290 shares of the company’s stock, valued at approximately $4,589,633.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Gilbert Fuchsberg sold 2,040 shares of Roku stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $59.16, for a total transaction of $120,686.40. Following the completion of the sale, the senior vice president now owns 32,645 shares in the company, valued at $1,931,278.20. The disclosure for this sale can be found here. Insiders have sold a total of 10,519 shares of company stock worth $599,411 over the last ninety days. 13.79% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Roku
Several institutional investors and hedge funds have recently bought and sold shares of ROKU. Covestor Ltd raised its position in shares of Roku by 693.2% in the 1st quarter. Covestor Ltd now owns 349 shares of the company’s stock valued at $44,000 after acquiring an additional 305 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Roku by 29.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,242 shares of the company’s stock valued at $155,000 after purchasing an additional 285 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Roku by 8.6% during the first quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock worth $235,000 after buying an additional 148 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Roku by 8.5% during the first quarter. Advisors Asset Management Inc. now owns 2,222 shares of the company’s stock worth $278,000 after buying an additional 175 shares in the last quarter. Finally, Colony Group LLC bought a new position in shares of Roku in the second quarter worth $222,000. Institutional investors own 66.11% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently commented on ROKU shares. Jefferies Financial Group lowered Roku from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $45.00 to $30.00 in a research report on Thursday, January 12th. Wedbush reduced their target price on Roku from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Monday, October 31st. Truist Financial lowered Roku from a “buy” rating to a “hold” rating and dropped their target price for the stock from $90.00 to $50.00 in a research report on Tuesday, January 17th. Rosenblatt Securities downgraded Roku from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $100.00 to $51.00 in a research report on Thursday, November 3rd. Finally, KeyCorp cut their price objective on Roku from $80.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, November 1st. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Roku presently has a consensus rating of “Hold” and a consensus price target of $87.36.
About Roku
Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Platform and Player. The Platform segment includes digital advertising and related services including the OneView ad platform, content distribution, and licensing arrangements with service operators and TV brands.