The Vanguard Group, Inc. has recently announced that it has increased stake in Roku Inc (NASDAQ:ROKU) by 0.71%. After grabbing 11.31 million shares, the institutional investor is now in possession of 79784.0 shares of the Communication Services Company. The new investment brought the stake of investor firm to 9.04% having worth around $1.18 billion. Moreover, Fidelity Management & Research Co increased its share by 4.15 million to have a control over 9.07 million shares. And BlackRock Fund Advisors raised its holdings to 31449.0 shares by acquiring 4.74 million shares or 3.79% of the stake.
Roku Inc (ROKU) concluded trading on 01/03/24 at a closing price of $86.61, with 4.38 million shares of worth about $379.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.10% during that period and on Wednesday the price saw a loss of about -2.69%. Currently the company’s common shares owned by public are about 142.50M shares, out of which, 124.43M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 34 analysts are covering the ROKU stock and their offered price forecasts bring an average price target of $90.14. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $120.00 and could fall to a lowest price of $63.00. The stock’s current price level is 3.92% above of average price target set by the analysts, while a rise to estimated low would result in loss of -37.48% for the stock. However, touching the estimated high of $120.00 would mean a gain of 27.82% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 101 times over the past 12 months. They bought 639,101 shares in 45 of the transactions. In 56 selling transactions, insiders dumped 415,721 shares.
ARK Innovation ETF, Fidelity Advisor Series I -Growth, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Roku Inc ARK Innovation ETF is currently holding 6.8 million shares of worth totaling $708.79 million. The company recently came selling 51766.0 shares which brought its stake up to 5.44% of the company’s outstanding shares. Fidelity Advisor Series I -Growth bought 0.34 million shares, after which its hold over company’s outstanding shares expand to 4.43%, leaving 5.55 million shares with the mutual fund that have a worth of about $577.96 million. Vanguard Total Stock Market ETF, after buying 3.9 million shares, have now control over 3.11% of the stake in the company. It holds 20171.0 shares of worth $405.91 million.
Roku Inc (NASDAQ: ROKU) started trading at $87.61, below -$1.39 from concluding price of the previous day. However, the stock later moved at a day high price of 88.39, or with a loss of -2.69%. Stock saw a price change of -8.74% in past 5 days and over the past one month there was a price change of -16.35%. Year-to-date (YTD), ROKU shares are showing a performance of -5.51% which increased to 112.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $39.00 but also hit the highest price of $108.84 during that period. The average intraday trading volume for Roku Inc shares is 7.06 million. The stock is currently trading -10.93% below its 20-day simple moving average (SMA20), while that difference is down -1.53% for SMA50 and it goes to 17.87% higher than SMA200.
The Vanguard Group, Inc. acquired 11.31 million shares of Roku Inc having value of about $1.18 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 79784.0 shares in the company valued at close to $6910092.24, or have control over 0.71% stake in the company. Roku Inc (NASDAQ: ROKU) currently have 142.50M outstanding shares and institutions hold larger chunk of about 68.81% of that. Holding of mutual funds in the company is about 34.45% while other institutional holders and individual stake holders have control over 44.33% and 3.59% of the stake respectively.
The stock has a current market capitalization of $12.34B and its 3Y-monthly beta is at 1.80. It has posted earnings per share of -$6.17 in the same period. It has Quick Ratio of 2.37 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ROKU, volatility over the week remained 2.97% while standing at 4.07% over the month.
Analysts are in expectations that Roku Inc (ROKU) stock would likely to be making an EPS of -$0.55 in the current quarter, while forecast for next quarter EPS is -$0.71 and it is -$2.1 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.86 which is -$0.23 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.7 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -39.03% while it is estimated to increase by 60.63% in next year. EPS is likely to grow at an annualized rate of 43.00% for next 5-years, compared to annual growth of -41.38% made by the stock over the past 5-years.
Analysts at 34 brokerage firms have issued recommendations for the Roku Inc (ROKU)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 34 Wall Street analysts, 12 recommended a “Buy” rating, while 16 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Pivotal Research Group on December 19, 2023 offering a Hold rating for the stock and assigned a target price range of between $75 and $85 to it.
