Roku Target of Unusually High Options Trading (NASDAQ:ROKU)

Roku, Inc. (NASDAQ:ROKU – Get Rating) saw unusually large options trading activity on Monday. Investors bought 81,272 put options on the stock. This represents an increase of approximately 18% compared to the average volume of 68,777 put options.

Roku Stock Up 3.6 %

Shares of Roku stock opened at $61.71 on Wednesday. The stock has a market capitalization of $8.65 billion, a P/E ratio of -17.19 and a beta of 1.78. The company has a 50-day simple moving average of $57.81 and a 200 day simple moving average of $56.38. Roku has a 12-month low of $38.26 and a 12-month high of $139.58.

Roku (NASDAQ:ROKU – Get Rating) last announced its earnings results on Wednesday, February 15th. The company reported ($1.70) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.74) by $0.04. The business had revenue of $867.06 million during the quarter, compared to analysts’ expectations of $803.32 million. Roku had a negative net margin of 15.93% and a negative return on equity of 18.05%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. On average, equities analysts anticipate that Roku will post -5.35 earnings per share for the current year.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 2,763 shares of the stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $75.00, for a total transaction of $207,225.00. Following the transaction, the senior vice president now owns 78,527 shares in the company, valued at approximately $5,889,525. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Gilbert Fuchsberg sold 3,242 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $61.93, for a total transaction of $200,777.06. Following the transaction, the senior vice president now owns 35,103 shares in the company, valued at approximately $2,173,928.79. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Stephen H. Kay sold 2,763 shares of the stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $75.00, for a total transaction of $207,225.00. Following the transaction, the senior vice president now owns 78,527 shares in the company, valued at approximately $5,889,525. The disclosure for this sale can be found here. Insiders have sold a total of 14,817 shares of company stock worth $953,729 in the last 90 days. 13.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Roku

A number of hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of Roku by 0.9% during the 4th quarter. Voya Investment Management LLC now owns 1,945,781 shares of the company’s stock worth $79,193,000 after purchasing an additional 18,023 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Roku by 49.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,938 shares of the company’s stock worth $120,000 after purchasing an additional 977 shares in the last quarter. Point72 Middle East FZE acquired a new stake in shares of Roku during the 4th quarter worth about $1,500,000. Public Employees Retirement System of Ohio increased its position in Roku by 3.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 62,614 shares of the company’s stock valued at $2,548,000 after acquiring an additional 2,098 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Roku by 21.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,442 shares of the company’s stock valued at $140,000 after acquiring an additional 599 shares in the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ROKU shares. Jefferies Financial Group downgraded shares of Roku from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $45.00 to $30.00 in a report on Thursday, January 12th. Wolfe Research raised shares of Roku from an “underperform” rating to a “peer perform” rating in a report on Tuesday. Loop Capital upped their price objective on shares of Roku from $56.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Bank of America raised shares of Roku from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $85.00 in a report on Friday, February 17th. Finally, Wedbush reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Roku in a report on Monday. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $82.12.

Roku Company Profile

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Roku, Inc engages in the provision of a streaming platform for television. It operates through the Platform and Devices segments. The Platform segment includes digital advertising and related services including the demand-side platform and content distribution services such as subscription and transaction revenue shares, media and entertainment promotional spending, the sale of premium subscriptions, and the sale of branded channel buttons on remote controls.