Roku Inc (NASDAQ:ROKU)’s stock price dropped 15.2% on Monday . The company traded as low as $132.40 and last traded at $136.07, approximately 48,097,916 shares traded hands during mid-day trading. An increase of 222% from the average daily volume of 14,927,784 shares. The stock had previously closed at $160.37.

ROKU has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of Roku from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. DA Davidson raised their price target on shares of Roku from $135.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Guggenheim lowered their price target on shares of Roku from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Cannonball Research set a $105.00 price target on shares of Roku and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley cut shares of Roku from an “equal weight” rating to an “underweight” rating and set a $110.00 price target on the stock. in a report on Monday. Five analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $124.78.

The business’s 50 day moving average is $143.22 and its 200 day moving average is $120.27. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of -1,700.88 and a beta of 1.73.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.06. The company had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $257.64 million. Roku had a negative net margin of 3.77% and a negative return on equity of 9.79%. Roku’s revenue for the quarter was up 50.5% on a year-over-year basis. During the same period last year, the business earned ($0.09) EPS. Equities analysts predict that Roku Inc will post -0.52 EPS for the current fiscal year.

In other Roku news, CEO Anthony J. Wood sold 35,000 shares of Roku stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $102.94, for a total transaction of $3,602,900.00. Also, Director Mai Fyfield sold 307 shares of Roku stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.80, for a total transaction of $49,365.60. Following the sale, the director now owns 307 shares of the company’s stock, valued at $49,365.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 302,120 shares of company stock valued at $43,525,647. Company insiders own 22.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Maverick Capital Ltd. acquired a new stake in Roku during the 3rd quarter valued at approximately $93,000. Squarepoint Ops LLC increased its holdings in shares of Roku by 118.9% during the 3rd quarter. Squarepoint Ops LLC now owns 161,649 shares of the company’s stock valued at $16,449,000 after purchasing an additional 87,800 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Roku by 24.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 647,876 shares of the company’s stock valued at $65,928,000 after purchasing an additional 128,811 shares in the last quarter. Castleark Management LLC purchased a new position in shares of Roku during the 3rd quarter valued at approximately $1,719,000. Finally, Empirical Capital Management LLC purchased a new position in shares of Roku during the 3rd quarter valued at approximately $5,919,000. Institutional investors and hedge funds own 53.06% of the company’s stock.

Roku Company Profile (NASDAQ:ROKU)

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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