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

Shares of Roku, Inc. (NASDAQ:ROKU) have been given an average rating of “Moderate Buy” by the twenty-seven analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $116.0909.

ROKU has been the topic of several analyst reports. Wedbush increased their target price on Roku from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group raised Roku from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $135.00 in a research note on Thursday. Raymond James Financial reiterated a “market perform” rating on shares of Roku in a research report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Roku in a report on Wednesday, October 8th. Finally, Rosenblatt Securities upped their target price on shares of Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, October 31st.

Roku Stock Performance

ROKU opened at $107.47 on Monday. The company has a fifty day moving average price of $99.18 and a two-hundred day moving average price of $92.83. The firm has a market capitalization of $15.88 billion, a PE ratio of -537.32 and a beta of 1.98. Roku has a 52 week low of $52.43 and a 52 week high of $116.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative return on equity of 1.08% and a negative net margin of 0.61%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the business posted ($0.06) EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Equities analysts forecast that Roku will post -0.3 EPS for the current year.

Insiders Place Their Bets

In other Roku news, CAO Matthew C. Banks sold 731 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $95.64, for a total value of $69,912.84. Following the completion of the transaction, the chief accounting officer directly owned 6,554 shares of the company’s stock, valued at approximately $626,824.56. The trade was a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $99.09, for a total value of $297,270.00. Following the sale, the chief financial officer directly owned 77,420 shares in the company, valued at approximately $7,671,547.80. This represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 487,668 shares of company stock worth $51,665,126 over the last 90 days. 13.98% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roku

Several institutional investors and hedge funds have recently modified their holdings of the business. Banque Transatlantique SA acquired a new stake in Roku during the 1st quarter worth approximately $28,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Roku during the first quarter worth $30,000. Westfuller Advisors LLC bought a new stake in shares of Roku during the third quarter worth $30,000. Root Financial Partners LLC acquired a new stake in shares of Roku during the third quarter worth $33,000. Finally, Rakuten Securities Inc. lifted its position in Roku by 55.6% in the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.