Rosenblatt Securities Reiterates “Neutral” Rating for Roku (NASDAQ:ROKU)

Roku (NASDAQ:ROKU)‘s stock had its “neutral” rating reiterated by research analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $86.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential downside of 13.19% from the company’s previous close.

A number of other brokerages also recently issued reports on ROKU. Jefferies Financial Group dropped their price objective on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Friday, November 1st. Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. UBS Group started coverage on Roku in a research note on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price objective on the stock. Moffett Nathanson downgraded Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research note on Friday, January 10th. Finally, Citizens Jmp raised Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.18.

Roku Trading Up 14.1 %

Shares of ROKU opened at $99.07 on Thursday. The company has a market capitalization of $14.38 billion, a PE ratio of -82.56 and a beta of 2.05. Roku has a 12 month low of $48.33 and a 12 month high of $104.96. The stock’s 50-day moving average price is $80.56 and its two-hundred day moving average price is $73.65.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Equities research analysts predict that Roku will post -1.09 EPS for the current fiscal year.

Insider Transactions at Roku

In related news, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.14, for a total value of $766,248.94. Following the transaction, the insider now owns 3,790 shares in the company, valued at approximately $269,620.60. This represents a 73.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,193,100.32. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,885 shares of company stock worth $7,911,162 in the last 90 days. Insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

Institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its stake in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Roku during the fourth quarter worth $30,000. Raelipskie Partnership purchased a new stake in shares of Roku during the third quarter worth $32,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Roku during the fourth quarter worth $37,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after acquiring an additional 491 shares in the last quarter. Hedge funds and other 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.