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

Roku, Inc. (NASDAQ:ROKU) has earned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $96.00.

Several research analysts have weighed in on ROKU shares. JMP Securities increased their price target on shares of Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Loop Capital increased their price objective on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Benchmark increased their price objective on shares of Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 price objective on shares of Roku in a research note on Thursday, February 13th.

Roku Trading Down 4.2 %

ROKU opened at $88.86 on Tuesday. Roku has a 1-year low of $48.33 and a 1-year high of $104.96. The company has a market capitalization of $12.97 billion, a PE ratio of -99.84 and a beta of 2.05. The firm’s 50 day simple moving average is $81.67 and its two-hundred day simple moving average is $75.14.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Equities analysts forecast that Roku will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 2,000 shares of Roku stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $99.95, for a total value of $199,900.00. Following the completion of the transaction, the chief financial officer now directly owns 56,555 shares of the company’s stock, valued at $5,652,672.25. This trade represents a 3.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,193,100.32. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,421 shares of company stock valued at $9,660,786 in the last three months. Corporate insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

Several institutional investors have recently made changes to their positions in the company. Empirical Capital Management LLC lifted its holdings in shares of Roku by 0.5% in the 4th quarter. Empirical Capital Management LLC now owns 284,500 shares of the company’s stock worth $21,150,000 after acquiring an additional 1,300 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Roku in the 4th quarter worth about $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Roku by 7.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,191 shares of the company’s stock worth $39,191,000 after acquiring an additional 37,945 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of Roku by 8.2% in the 4th quarter. Waverly Advisors LLC now owns 3,765 shares of the company’s stock worth $280,000 after acquiring an additional 285 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Roku in the 4th quarter worth about $1,970,000. Institutional investors own 86.30% of the company’s stock.

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.