Roku (NASDAQ:ROKU) Shares Up 1.2% – Still a Buy?

Roku, Inc. (NASDAQ:ROKU)’s share price traded up 1.2% during trading on Friday . The company traded as high as $96.93 and last traded at $96.74. 1,024,322 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 3,752,957 shares. The stock had previously closed at $95.63.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler raised shares of Roku from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $88.00 to $135.00 in a research note on Monday, November 3rd. Wall Street Zen downgraded Roku from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research report on Wednesday, October 8th. Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Roku in a research report on Monday, October 27th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Roku in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $111.14.

Roku Stock Up 1.2%

The business has a 50-day moving average of $99.11 and a 200-day moving average of $90.57. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of -483.68 and a beta of 2.18.

Roku (NASDAQ:ROKU) last announced its quarterly 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business posted ($0.06) EPS. Roku’s quarterly revenue was up 14.0% on a year-over-year basis. Roku has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Activity

In other news, CEO Anthony J. Wood sold 50,000 shares of Roku stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $103.86, for a total value of $5,193,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mustafa Ozgen sold 50,527 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $5,052,700.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 515,274 shares of company stock valued at $53,880,874. Insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ROKU. Westfuller Advisors LLC acquired a new stake in shares of Roku in the third quarter valued at about $30,000. Root Financial Partners LLC bought a new stake in Roku during the 3rd quarter valued at approximately $33,000. Cornerstone Planning Group LLC boosted its stake in Roku by 20,450.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock valued at $41,000 after purchasing an additional 409 shares during the period. Beaird Harris Wealth Management LLC acquired a new stake in Roku in the 1st quarter valued at approximately $30,000. Finally, Banque Transatlantique SA bought a new position in Roku in the 1st quarter worth approximately $28,000. Institutional investors own 86.30% of the company’s stock.

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.