Roku (NASDAQ:ROKU) Upgraded to “Neutral” at Moffett Nathanson

Roku (NASDAQ:ROKUGet Rating) was upgraded by equities researchers at Moffett Nathanson from a “sell” rating to a “neutral” rating in a research note issued to investors on Friday, Briefing.com reports. The firm currently has a $100.00 price objective on the stock. Moffett Nathanson’s price target suggests a potential upside of 9.13% from the stock’s current price.

A number of other research firms have also recently commented on ROKU. Wedbush lowered their price target on Roku from $365.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, February 14th. DA Davidson lowered their price target on Roku from $550.00 to $200.00 in a report on Friday, February 18th. Morgan Stanley lowered their price target on Roku from $190.00 to $115.00 and set an “underweight” rating for the company in a report on Friday, February 18th. Pivotal Research lowered their price target on Roku from $95.00 to $80.00 in a report on Friday. Finally, Benchmark lowered their price target on Roku from $305.00 to $240.00 in a report on Thursday, April 21st. Four analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $246.27.

Shares of NASDAQ ROKU opened at $91.63 on Friday. The stock has a market capitalization of $12.40 billion, a PE ratio of 53.58 and a beta of 1.85. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.19 and a quick ratio of 4.12. The business has a fifty day moving average price of $117.64 and a two-hundred day moving average price of $189.12. Roku has a fifty-two week low of $83.72 and a fifty-two week high of $490.76.

Roku (NASDAQ:ROKUGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.02). The company had revenue of $733.70 million during the quarter, compared to analyst estimates of $718.56 million. Roku had a net margin of 8.77% and a return on equity of 9.28%. Roku’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. On average, equities analysts expect that Roku will post -1.17 EPS for the current year.

In other Roku news, SVP Mustafa Ozgen sold 4,077 shares of the stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $129.30, for a total value of $527,156.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 80,000 shares of the stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $165.21, for a total value of $13,216,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 245,946 shares of company stock worth $38,185,674. 15.32% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Regal Investment Advisors LLC raised its stake in shares of Roku by 4.1% in the third quarter. Regal Investment Advisors LLC now owns 1,099 shares of the company’s stock worth $344,000 after purchasing an additional 43 shares during the last quarter. Grace Capital raised its stake in shares of Roku by 3.9% in the third quarter. Grace Capital now owns 1,340 shares of the company’s stock worth $420,000 after purchasing an additional 50 shares during the last quarter. Means Investment CO. Inc. raised its stake in shares of Roku by 3.9% in the third quarter. Means Investment CO. Inc. now owns 1,345 shares of the company’s stock worth $421,000 after purchasing an additional 50 shares during the last quarter. Pinebridge Investments L.P. raised its stake in shares of Roku by 1.6% in the third quarter. Pinebridge Investments L.P. now owns 3,458 shares of the company’s stock worth $1,084,000 after purchasing an additional 56 shares during the last quarter. Finally, Credit Agricole S A raised its stake in shares of Roku by 60.0% in the fourth quarter. Credit Agricole S A now owns 168 shares of the company’s stock worth $38,000 after purchasing an additional 63 shares during the last quarter. 63.83% of the stock is owned by hedge funds and other institutional investors.

Roku Company Profile (Get Rating)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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