Roku (NASDAQ:ROKU) Trading 1.4% Higher – Here’s Why

Shares of Roku, Inc. (NASDAQ:ROKU) rose 1.4% during mid-day trading on Tuesday . The stock traded as high as $95.58 and last traded at $94.88. Approximately 2,552,949 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 3,772,987 shares. The stock had previously closed at $93.58.

Wall Street Analyst Weigh In

ROKU has been the subject of several analyst reports. Pivotal Research increased their price target on shares of Roku from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Raymond James Financial reiterated a “market perform” rating on shares of Roku in a research report on Friday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $145.00 price objective on shares of Roku in a research report on Thursday, October 2nd. Evercore ISI restated a “positive” rating on shares of Roku in a research report on Friday, October 31st. Finally, Citigroup increased their price objective on Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Roku has an average rating of “Moderate Buy” and an average target price of $111.14.

Roku Trading Up 1.4%

The stock has a market capitalization of $14.02 billion, a PE ratio of -474.38 and a beta of 2.18. The firm’s 50-day simple moving average is $99.40 and its two-hundred day simple moving average is $89.93.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business earned ($0.06) EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Roku has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

Insider Activity

In other news, insider Charles Collier sold 118,088 shares of the stock in a transaction 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 completion of the sale, the insider owned 200 shares of the company’s stock, valued at $23,000. This represents a 99.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mustafa Ozgen sold 50,527 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total value of $5,052,700.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 515,274 shares of company stock valued at $53,880,874 in the last quarter. Company insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Several institutional investors have recently added to or reduced their stakes in ROKU. GAMMA Investing LLC grew its stake in shares of Roku by 9.5% in the third quarter. GAMMA Investing LLC now owns 1,114 shares of the company’s stock worth $112,000 after acquiring an additional 97 shares during the period. Cornerstone Wealth Management LLC grew its stake in Roku by 3.8% during the third quarter. Cornerstone Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $273,000 after acquiring an additional 100 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Roku by 1.0% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock worth $995,000 after acquiring an additional 100 shares in the last quarter. Aviance Capital Partners LLC increased its stake in Roku by 2.6% during the third quarter. Aviance Capital Partners LLC now owns 4,172 shares of the company’s stock worth $418,000 after acquiring an additional 106 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its stake in shares of Roku by 1.8% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 6,233 shares of the company’s stock worth $624,000 after purchasing an additional 113 shares during the period. 86.30% of the stock is currently owned by institutional investors.

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.