Roku, Inc. (NASDAQ:ROKU) Given Average Rating of “Moderate Buy” by Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have been given a consensus recommendation of “Moderate Buy” by the twenty-seven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eighteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $96.70.

ROKU has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research note on Monday, February 10th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $70.00 price objective on the stock in a research report on Tuesday, March 4th. Rosenblatt Securities reissued a “neutral” rating and set a $86.00 target price on shares of Roku in a research report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Compass Point assumed coverage on shares of Roku in a research report on Sunday, March 23rd. They issued a “buy” rating on the stock.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $2,510,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,664,415.20. This trade represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares in the company, valued at approximately $5,163,225. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,905 shares of company stock worth $8,632,306 in the last three months. Corporate insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in Roku by 140.0% in the first quarter. Parallel Advisors LLC now owns 2,141 shares of the company’s stock valued at $151,000 after acquiring an additional 1,249 shares during the period. GAMMA Investing LLC grew its position in Roku by 14,242.3% during the first quarter. GAMMA Investing LLC now owns 67,552 shares of the company’s stock valued at $4,758,000 after buying an additional 67,081 shares during the period. Versant Capital Management Inc increased its holdings in Roku by 283.2% in the first quarter. Versant Capital Management Inc now owns 3,644 shares of the company’s stock valued at $257,000 after buying an additional 2,693 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Roku in the first quarter worth about $469,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Roku by 19.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock valued at $463,000 after acquiring an additional 1,024 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $55.10 on Wednesday. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of -61.91 and a beta of 2.17. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm has a fifty day moving average price of $78.09 and a 200 day moving average price of $76.95.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) 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 the consensus estimate of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, research analysts predict that Roku will post -0.3 earnings per share for the current year.

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.