Roku (NASDAQ:ROKU) Trading Down 0% – Should You Sell?

Shares of Roku, Inc. (NASDAQ:ROKU) traded down 0% on Thursday . The stock traded as low as $75.51 and last traded at $77.84. 684,817 shares changed hands during trading, a decline of 81% from the average session volume of 3,675,501 shares. The stock had previously closed at $77.87.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JMP Securities upped their price target on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded shares of Roku from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $74.00 to $129.00 in a report on Friday, February 14th. Compass Point assumed coverage on Roku in a research note on Sunday. They issued a “buy” rating for the company. Finally, Citigroup raised Roku from a “neutral” rating to an “outperform” rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average price target of $96.71.

Roku Trading Down 1.5 %

The company has a 50 day simple moving average of $81.15 and a two-hundred day simple moving average of $77.55. The firm has a market capitalization of $11.20 billion, a P/E ratio of -86.22 and a beta of 2.12.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, sell-side analysts expect that Roku, Inc. will post -0.3 EPS for the current fiscal year.

Insider Activity

In related news, CFO Dan Jedda sold 5,000 shares of Roku stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $502,000.00. Following the completion of the transaction, the chief financial officer now directly owns 58,555 shares of the company’s stock, valued at approximately $5,878,922. The trade was a 7.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of the sale, the chief accounting officer now directly owns 7,256 shares in the company, valued at $583,092.16. This trade represents a 20.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,908 shares of company stock valued at $8,633,436. 13.98% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Roku

A number of large investors have recently bought and sold shares of ROKU. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Roku by 19.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock valued at $463,000 after purchasing an additional 1,024 shares during the period. Audent Global Asset Management LLC lifted its holdings in Roku by 222.9% during the 4th quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock valued at $1,571,000 after buying an additional 14,584 shares in the last quarter. Siemens Fonds Invest GmbH bought a new stake in Roku during the 4th quarter valued at about $1,681,000. Fluent Financial LLC purchased a new stake in Roku in the 4th quarter valued at about $660,000. Finally, United Advisor Group LLC increased its position in shares of Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after acquiring an additional 130 shares during the period. Hedge funds and other 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.