Roku (NASDAQ:ROKU) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Roku (NASDAQ:ROKU) in a research note published on Thursday, Marketbeat reports. The brokerage issued an underperform rating and a $50.00 price objective on the stock.

ROKU has been the subject of several other research reports. Rosenblatt Securities restated a neutral rating and issued a $89.00 target price on shares of Roku in a research note on Friday, April 26th. Citigroup reduced their price objective on shares of Roku from $75.00 to $70.00 and set a neutral rating for the company in a research note on Tuesday, April 30th. Susquehanna decreased their target price on shares of Roku from $110.00 to $80.00 and set a positive rating on the stock in a report on Monday, April 29th. Pivotal Research decreased their target price on shares of Roku from $85.00 to $75.00 and set a hold rating on the stock in a report on Friday, February 16th. Finally, Wells Fargo & Company upped their target price on shares of Roku from $45.00 to $52.00 and gave the stock an underweight rating in a report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $82.50.

Roku Trading Down 1.4 %

ROKU stock opened at $59.11 on Thursday. Roku has a fifty-two week low of $51.62 and a fifty-two week high of $108.84. The stock has a fifty day moving average of $62.07 and a 200-day moving average of $78.31.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. The company had revenue of $881.50 million for the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. Roku’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.38) EPS. Analysts anticipate that Roku will post -1.94 earnings per share for the current fiscal year.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Charles Collier sold 12,277 shares of Roku stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total transaction of $798,741.62. Following the completion of the transaction, the insider now directly owns 4,292 shares in the company, valued at $279,237.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,751 shares of company stock valued at $4,375,835. Insiders own 13.63% of the company’s stock.

Hedge Funds Weigh In On Roku

Large investors have recently made changes to their positions in the business. Gotham Asset Management LLC raised its holdings in Roku by 200.3% in the 3rd quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock worth $2,903,000 after acquiring an additional 27,431 shares during the last quarter. Nordea Investment Management AB raised its holdings in Roku by 8.2% in the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after acquiring an additional 551 shares during the last quarter. Barclays PLC raised its holdings in Roku by 13.0% in the 3rd quarter. Barclays PLC now owns 215,766 shares of the company’s stock worth $15,231,000 after acquiring an additional 24,765 shares during the last quarter. Deutsche Bank AG raised its holdings in Roku by 27.6% in the 3rd quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock worth $10,922,000 after acquiring an additional 33,500 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in Roku by 32.4% in the 4th quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company’s stock worth $7,312,000 after acquiring an additional 19,543 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other 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.