Roku, Inc. (NASDAQ:ROKU) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have been given an average rating of “Moderate Buy” by the twenty-seven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, seventeen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $92.67.

A number of research firms recently commented on ROKU. Loop Capital upgraded Roku from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $100.00 in a research note on Tuesday, June 17th. Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of Roku in a research report on Friday, May 2nd. Guggenheim reissued a “buy” rating and set a $100.00 target price on shares of Roku in a report on Friday, May 2nd. FBN Securities assumed coverage on Roku in a report on Friday, March 28th. They set an “outperform” rating and a $93.00 target price on the stock. Finally, Rosenblatt Securities cut their price objective on Roku from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $91.10 on Friday. Roku has a one year low of $48.33 and a one year high of $104.96. The business’s fifty day moving average price is $79.17 and its two-hundred day moving average price is $76.00. The stock has a market cap of $13.30 billion, a PE ratio of -124.79 and a beta of 2.12.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted ($0.35) earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. As a group, equities research analysts predict that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other Roku news, Director Mai Fyfield sold 914 shares of Roku stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.50, for a total value of $71,749.00. Following the transaction, the director owned 4,374 shares in the company, valued at $343,359. The trade was a 17.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles Collier sold 7,181 shares of Roku stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $75.00, for a total value of $538,575.00. Following the completion of the transaction, the insider owned 10,970 shares in the company, valued at $822,750. This trade represents a 39.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,520 shares of company stock valued at $7,898,294 over the last quarter. 13.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Roku

Large investors have recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Roku by 31.7% during the fourth quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after purchasing an additional 4,613,570 shares during the period. Marshall Wace LLP increased its position in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock valued at $173,644,000 after buying an additional 2,030,036 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Roku by 456.7% in the first quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock valued at $134,222,000 after buying an additional 1,563,449 shares in the last quarter. Cadian Capital Management LP purchased a new stake in shares of Roku in the fourth quarter valued at approximately $87,632,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Roku by 505.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company’s stock valued at $96,402,000 after buying an additional 1,082,548 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.