Roku (NASDAQ:ROKU) Upgraded by Wolfe Research to Peer Perform

Wolfe Research upgraded shares of Roku (NASDAQ:ROKU – Get Rating) from an underperform rating to a peer perform rating in a research report report published on Tuesday morning, The Fly reports.

Several other equities analysts also recently commented on ROKU. Citigroup cut their price target on shares of Roku from $80.00 to $75.00 and set a buy rating on the stock in a report on Tuesday, February 14th. Oppenheimer increased their target price on shares of Roku from $75.00 to $85.00 in a research report on Thursday, February 16th. Bank of America raised shares of Roku from an underperform rating to a buy rating and raised their price target for the stock from $45.00 to $85.00 in a report on Friday, February 17th. Atlantic Securities raised shares of Roku from an underweight rating to a neutral rating and set a $76.00 target price for the company in a report on Thursday, February 16th. Finally, Rosenblatt Securities raised their price target on shares of Roku from $44.00 to $76.00 and gave the company a neutral rating in a research report on Thursday, February 16th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Roku has a consensus rating of Hold and a consensus target price of $82.12.

Roku Stock Up 3.6 %

Shares of NASDAQ ROKU opened at $61.71 on Tuesday. Roku has a twelve month low of $38.26 and a twelve month high of $139.58. The firm has a market cap of $8.65 billion, a P/E ratio of -17.19 and a beta of 1.78. The company has a 50 day moving average of $57.81 and a 200 day moving average of $56.38.

Roku (NASDAQ:ROKU – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The company reported ($1.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.74) by $0.04. The firm had revenue of $867.06 million during the quarter, compared to the consensus estimate of $803.32 million. Roku had a negative net margin of 15.93% and a negative return on equity of 18.05%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. As a group, equities analysts expect that Roku will post -5.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Gilbert Fuchsberg sold 3,242 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $61.93, for a total transaction of $200,777.06. Following the sale, the senior vice president now owns 35,103 shares in the company, valued at $2,173,928.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Roku news, SVP Gilbert Fuchsberg sold 3,242 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $61.93, for a total transaction of $200,777.06. Following the transaction, the senior vice president now owns 35,103 shares in the company, valued at $2,173,928.79. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Stephen H. Kay sold 2,763 shares of the firm’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $75.00, for a total value of $207,225.00. Following the sale, the senior vice president now directly owns 78,527 shares in the company, valued at approximately $5,889,525. The disclosure for this sale can be found here. Insiders sold 14,817 shares of company stock worth $953,729 over the last three months. 13.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC acquired a new position in shares of Roku during the 4th quarter worth $25,000. ICA Group Wealth Management LLC bought a new stake in shares of Roku during the 4th quarter valued at about $25,000. Benjamin Edwards Inc. raised its stake in Roku by 33.6% during the 4th quarter. Benjamin Edwards Inc. now owns 759 shares of the company’s stock worth $31,000 after buying an additional 191 shares during the period. Mine & Arao Wealth Creation & Management LLC. raised its stake in Roku by 8,000.0% during the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 405 shares of the company’s stock worth $33,000 after buying an additional 400 shares during the period. Finally, Beacon Capital Management LLC raised its stake in shares of Roku by 155.6% in the fourth quarter. Beacon Capital Management LLC now owns 979 shares of the company’s stock worth $40,000 after purchasing an additional 596 shares during the last quarter. 66.11% of the stock is currently owned by institutional investors.

About Roku

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Roku, Inc engages in the provision of a streaming platform for television. It operates through the Platform and Devices segments. The Platform segment includes digital advertising and related services including the demand-side platform and content distribution services such as subscription and transaction revenue shares, media and entertainment promotional spending, the sale of premium subscriptions, and the sale of branded channel buttons on remote controls.