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

Shares of Roku, Inc. (NASDAQ:ROKU) have been given a consensus rating of “Moderate Buy” by the twenty-eight brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $118.7917.

Several research analysts recently weighed in on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Roku in a research note on Friday, October 31st. Evercore ISI reissued a “positive” rating on shares of Roku in a report on Friday, October 31st. Zacks Research cut shares of Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Wedbush increased their target price on shares of Roku from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen upgraded shares of Roku from a “hold” rating to a “buy” rating in a report on Sunday, December 7th.

Roku Price Performance

ROKU opened at $96.18 on Tuesday. The business has a 50 day moving average price of $105.29 and a two-hundred day moving average price of $99.13. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of -480.88 and a beta of 1.99. Roku has a 1-year low of $52.43 and a 1-year high of $116.66.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 729 shares of Roku stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $109.04, for a total value of $79,490.16. Following the transaction, the chief accounting officer owned 5,825 shares of the company’s stock, valued at approximately $635,158. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $109.61, for a total transaction of $8,220,750.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 234,790 shares of company stock worth $24,898,519. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ROKU. Empowered Funds LLC lifted its position in shares of Roku by 18.6% in the 1st quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock valued at $232,000 after acquiring an additional 515 shares in the last quarter. Focus Partners Wealth acquired a new stake in Roku during the 1st quarter valued at $229,000. QRG Capital Management Inc. lifted its holdings in shares of Roku by 62.5% in the second quarter. QRG Capital Management Inc. now owns 5,800 shares of the company’s stock valued at $510,000 after purchasing an additional 2,231 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of Roku by 12.5% in the second quarter. Prime Capital Investment Advisors LLC now owns 3,794 shares of the company’s stock valued at $333,000 after purchasing an additional 422 shares in the last quarter. Finally, True Vision MN LLC boosted its position in shares of Roku by 3.3% in the second quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock worth $487,000 after buying an additional 179 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.