Roku, Inc. (NASDAQ:ROKU) Receives Average Rating of “Moderate Buy” from Brokerages

Roku, Inc. (NASDAQ:ROKU) has received an average recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $96.71.

A number of research firms recently weighed in on ROKU. JPMorgan Chase & Co. upped their target price on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Benchmark upped their target price on shares of Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Roku in a research note on Monday, February 10th. Finally, Bank of America boosted their price target on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, February 14th.

Roku Stock Up 0.2 %

NASDAQ ROKU opened at $67.78 on Friday. The company’s 50 day moving average is $81.73 and its 200-day moving average is $77.00. Roku has a 12-month low of $48.33 and a 12-month high of $104.96. The firm has a market cap of $9.89 billion, a P/E ratio of -76.16 and a beta of 2.12.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Equities analysts expect that Roku will post -0.3 EPS for the current year.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 1,906 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the completion of the transaction, the chief accounting officer now directly owns 7,256 shares in the company, valued at approximately $583,092.16. This represents a 20.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,308 shares of company stock valued at $8,296,166 in the last quarter. Company insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP raised its holdings in Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after purchasing an additional 18,520 shares in the last quarter. Holocene Advisors LP bought a new position in Roku in the 3rd quarter worth $129,015,000. National Bank of Canada FI raised its holdings in Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after purchasing an additional 149,514 shares in the last quarter. EULAV Asset Management increased its stake in shares of Roku by 59.1% in the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock worth $13,663,000 after acquiring an additional 68,000 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new position in shares of Roku in the 3rd quarter worth about $2,157,000. 86.30% of the stock is currently owned by institutional investors.

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.