Roku (NASDAQ:ROKU) Stock Price Down 2.3% – Here’s What Happened

Roku, Inc. (NASDAQ:ROKU) shares traded down 2.3% during trading on Wednesday . The stock traded as low as $92.21 and last traded at $93.10. 2,308,095 shares were traded during mid-day trading, a decline of 39% from the average session volume of 3,791,423 shares. The stock had previously closed at $95.27.

Wall Street Analyst Weigh In

ROKU has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Roku from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Piper Sandler raised Roku from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $88.00 to $135.00 in a report on Monday, November 3rd. Benchmark reiterated a “buy” rating on shares of Roku in a research report on Monday, October 27th. Zacks Research upgraded Roku from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Rosenblatt Securities raised their target price on Roku from $101.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $111.14.

Roku Stock Down 2.3%

The company has a market cap of $13.76 billion, a PE ratio of -465.48 and a beta of 2.18. The stock has a 50-day moving average of $99.57 and a 200-day moving average of $89.02.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (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 during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned ($0.06) earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. Roku has set its Q4 2025 guidance at EPS. Research analysts expect that Roku, Inc. will post -0.3 EPS for the current year.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 118,088 shares of Roku stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $115.00, for a total transaction of $13,580,120.00. Following the transaction, the insider directly owned 200 shares of the company’s stock, valued at approximately $23,000. This trade represents a 99.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mustafa Ozgen sold 50,527 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $5,052,700.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 507,463 shares of company stock valued at $53,126,637. Corporate insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROKU. Banque Transatlantique SA bought a new stake in shares of Roku during the 1st quarter valued at $28,000. Beaird Harris Wealth Management LLC bought a new position in shares of Roku in the 1st quarter worth about $30,000. Westfuller Advisors LLC purchased a new position in Roku during the 3rd quarter valued at about $30,000. Root Financial Partners LLC bought a new stake in Roku during the third quarter worth about $33,000. Finally, Rakuten Securities Inc. grew its holdings in Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after purchasing an additional 158 shares during the period. 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.