Roku (NASDAQ:ROKU) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Roku (NASDAQ:ROKU) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Roku in a research report on Wednesday, January 8th. Piper Sandler lifted their price objective on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Citigroup boosted their price target on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Loop Capital raised their price objective on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Moffett Nathanson lowered Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a research note on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.18.

Roku Price Performance

NASDAQ ROKU opened at $83.78 on Tuesday. The business’s fifty day moving average is $76.87 and its 200-day moving average is $71.06. Roku has a one year low of $48.33 and a one year high of $99.80. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of -69.82 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.33) EPS. Research analysts expect that Roku will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the sale, the chief financial officer now owns 64,555 shares in the company, valued at approximately $5,340,635.15. The trade was a 1.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew C. Banks sold 8,693 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now directly owns 7,264 shares of the company’s stock, valued at approximately $518,940.16. The trade was a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,095 shares of company stock worth $5,726,218 in the last ninety days. 13.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Roku

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the period. Raelipskie Partnership purchased a new stake in shares of Roku in the third quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of Roku by 123.4% during the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Roku during the 3rd quarter worth about $43,000. Finally, GS Investments Inc. boosted its stake in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after purchasing an additional 147 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.