Roku (NASDAQ:ROKU) Raised to Strong-Buy at Baird R W

Baird R W upgraded shares of Roku (NASDAQ:ROKU) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Wedbush raised their price objective on shares of Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their target price on shares of Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Bank of America raised their target price on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Loop Capital raised their target price on shares of Roku from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.67.

Roku Trading Down 6.7 %

ROKU opened at $68.71 on Monday. The company’s fifty day moving average price is $74.69 and its two-hundred day moving average price is $64.94. Roku has a 1-year low of $48.33 and a 1-year high of $108.84. The company has a market cap of $9.98 billion, a price-to-earnings ratio of -56.64 and a beta of 2.07.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted ($2.33) earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, equities analysts forecast that Roku will post -1.1 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total transaction of $75,330.00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares of the company’s stock, valued at $4,087,933.11. This trade represents a 1.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew C. Banks sold 8,693 shares of the firm’s stock in a transaction 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. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,240 shares of company stock worth $6,729,582 in the last quarter. Company insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

A number of institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its holdings in shares of Roku by 131.1% in the first quarter. Russell Investments Group Ltd. now owns 66,046 shares of the company’s stock valued at $4,305,000 after acquiring an additional 37,464 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Roku by 0.8% in the first quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock valued at $778,560,000 after acquiring an additional 92,658 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of Roku by 14.2% in the first quarter. Edgestream Partners L.P. now owns 7,969 shares of the company’s stock valued at $519,000 after acquiring an additional 993 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Roku by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,800 shares of the company’s stock valued at $117,000 after acquiring an additional 900 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Roku by 127.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 49,912 shares of the company’s stock valued at $3,255,000 after acquiring an additional 27,940 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

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.