Roku (NASDAQ:ROKU) Stock Price Down 2.1% – Time to Sell?

Roku, Inc. (NASDAQ:ROKU) shares were down 2.1% during mid-day trading on Friday . The company traded as low as $74.29 and last traded at $74.42. Approximately 584,102 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 3,673,171 shares. The stock had previously closed at $76.05.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price on the stock in a report on Tuesday, March 4th. Bank of America assumed coverage on shares of Roku in a research note on Thursday. They set a “buy” rating and a $100.00 price objective on the stock. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $74.00 to $129.00 in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Roku in a report on Monday. Finally, Compass Point began coverage on Roku in a research note on Sunday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.55.

Roku Trading Down 4.0 %

The business’s 50 day simple moving average is $81.16 and its two-hundred day simple moving average is $77.54. The firm has a market capitalization of $10.66 billion, a PE ratio of -81.99 and a beta of 2.12.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data 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 analysts’ expectations of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, equities research analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dan Jedda sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $502,000.00. Following the transaction, the chief financial officer now owns 58,555 shares of the company’s stock, valued at approximately $5,878,922. This trade represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,908 shares of company stock valued at $8,633,436. Insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after buying an additional 4,613,570 shares during the period. Vanguard Group Inc. lifted its position in shares of Roku by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock valued at $910,597,000 after acquiring an additional 185,676 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after acquiring an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Roku by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock worth $168,734,000 after acquiring an additional 215,841 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Roku by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after purchasing an additional 56,820 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

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.