Roku, Inc. (NASDAQ:ROKU) Receives Average Rating of “Hold” from Brokerages

Shares of Roku, Inc. (NASDAQ:ROKU) have received an average recommendation of “Hold” from the twenty-three brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $84.76.

Several research analysts have issued reports on ROKU shares. Benchmark reaffirmed a “buy” rating and issued a $115.00 price target on shares of Roku in a report on Friday, April 19th. Morgan Stanley decreased their target price on Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, April 5th. Oppenheimer lowered Roku from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. Stephens reissued an “overweight” rating and issued a $105.00 price objective on shares of Roku in a research note on Friday, February 16th. Finally, Susquehanna upped their price objective on shares of Roku from $100.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th.

Insider Activity

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku 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 sale, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Roku news, SVP Stephen H. Kay sold 4,310 shares of Roku stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the completion of the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was 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 approximately $13,930,039.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,545 shares of company stock worth $4,364,035. 13.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its holdings in shares of Roku by 76.5% during the first quarter. Global Retirement Partners LLC now owns 1,207 shares of the company’s stock worth $79,000 after buying an additional 523 shares in the last quarter. Kessler Investment Group LLC increased its holdings in Roku by 2.6% during the 1st quarter. Kessler Investment Group LLC now owns 62,233 shares of the company’s stock valued at $4,056,000 after purchasing an additional 1,593 shares in the last quarter. PFG Investments LLC bought a new position in Roku in the 1st quarter valued at $305,000. IFM Investors Pty Ltd boosted its stake in Roku by 8.3% in the first quarter. IFM Investors Pty Ltd now owns 24,440 shares of the company’s stock worth $1,593,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its holdings in shares of Roku by 21.4% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,485 shares of the company’s stock worth $357,000 after purchasing an additional 968 shares during the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Trading Up 5.4 %

Shares of NASDAQ:ROKU opened at $61.74 on Wednesday. Roku has a twelve month low of $51.62 and a twelve month high of $108.84. The firm has a market cap of $8.86 billion, a P/E ratio of -12.30 and a beta of 1.66. The company has a 50 day moving average of $64.33 and a 200-day moving average of $78.82.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.10. The firm had revenue of $984.40 million during the quarter, compared to the consensus estimate of $967.72 million. Roku had a negative return on equity of 29.21% and a negative net margin of 20.36%. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.70) earnings per share. Equities research analysts forecast that Roku will post -2.12 EPS for the current year.

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.