Roku’s (ROKU) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of Roku (NASDAQ:ROKU) in a research note published on Monday morning,RTT News reports. The firm currently has a $100.00 price target on the stock.

A number of other analysts have also commented on the stock. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Roku in a research report on Tuesday, January 7th. Moffett Nathanson lowered shares of 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. Rosenblatt Securities boosted their target price on shares of Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company raised their target price on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roku has a consensus rating of “Moderate Buy” and a consensus target price of $83.18.

Roku Stock Down 0.5 %

Shares of Roku stock opened at $84.60 on Monday. Roku has a 12-month low of $48.33 and a 12-month high of $99.80. The firm has a market capitalization of $12.28 billion, a PE ratio of -70.50 and a beta of 2.05. The stock’s fifty day moving average is $79.84 and its 200-day moving average is $72.84.

Insider Buying and Selling

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.44, for a total value of $621,027.92. Following the sale, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,885 shares of company stock worth $5,712,912. 13.98% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Roku

A number of institutional investors and hedge funds have recently bought and sold shares of ROKU. Geneos Wealth Management Inc. grew its position in Roku by 369.9% in 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 last quarter. Vision Financial Markets LLC acquired a new stake in Roku during the fourth quarter worth about $30,000. Raelipskie Partnership bought a new position in Roku during the third quarter valued at about $32,000. Game Plan Financial Advisors LLC bought a new position in Roku during the fourth quarter valued at about $37,000. Finally, GS Investments Inc. raised its holdings in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 86.30% of the company’s stock.

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.