Jefferies Financial Group Issues Positive Forecast for Roku (NASDAQ:ROKU) Stock Price

Roku (NASDAQ:ROKU) had its price objective boosted by Jefferies Financial Group from $135.00 to $140.00 in a research note released on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other analysts also recently commented on ROKU. Stifel Nicolaus set a $160.00 price objective on shares of Roku in a research report on Monday, March 2nd. Moffett Nathanson restated a “neutral” rating and set a $100.00 price objective on shares of Roku in a research report on Friday, February 13th. Robert W. Baird raised their price objective on shares of Roku from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Zacks Research upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, Bank of America raised their price objective on shares of Roku from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $127.79.

Roku Trading Up 0.8%

ROKU opened at $103.32 on Monday. Roku has a 1-year low of $57.01 and a 1-year high of $116.66. The company has a market capitalization of $15.23 billion, a PE ratio of 181.27 and a beta of 2.00. The firm’s 50 day simple moving average is $93.92 and its two-hundred day simple moving average is $99.57.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.25. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Roku had a net margin of 1.87% and a return on equity of 3.40%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned ($0.24) earnings per share. Equities analysts forecast that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, SVP Christopher T. Handman sold 2,999 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $95.57, for a total transaction of $286,614.43. Following the completion of the transaction, the senior vice president directly owned 2,999 shares of the company’s stock, valued at approximately $286,614.43. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 15,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the transaction, the chief financial officer directly owned 85,115 shares of the company’s stock, valued at $8,020,386.45. The trade was a 14.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 343,944 shares of company stock valued at $34,787,865 in the last ninety days. Corporate insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

Several institutional investors have recently bought and sold shares of ROKU. Blue Trust Inc. grew its stake in Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in Roku during the fourth quarter valued at $26,000. Westfuller Advisors LLC purchased a new position in Roku during the third quarter valued at $30,000. WPG Advisers LLC purchased a new position in Roku during the fourth quarter valued at $31,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Roku during the fourth quarter valued at $31,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

About Roku

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.