Roku’s (ROKU) “Neutral” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Roku (NASDAQ:ROKU) in a research note released on Friday, Benzinga reports. They currently have a $89.00 target price on the stock.

A number of other research firms have also weighed in on ROKU. Benchmark reissued a buy rating and issued a $115.00 target price on shares of Roku in a research note on Friday, April 19th. Stephens reissued an overweight rating and set a $105.00 price objective on shares of Roku in a research note on Friday, February 16th. Citigroup dropped their target price on Roku from $110.00 to $75.00 and set a neutral rating for the company in a report on Wednesday, February 21st. Needham & Company LLC reiterated a buy rating and set a $100.00 price target on shares of Roku in a report on Wednesday, February 21st. Finally, Pivotal Research dropped their price objective on shares of Roku from $85.00 to $75.00 and set a hold rating for the company in a report on Friday, February 16th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Roku currently has an average rating of Hold and an average target price of $84.47.

Roku Trading Up 4.1 %

Shares of ROKU stock opened at $58.66 on Friday. Roku has a 12-month low of $51.62 and a 12-month high of $108.84. The business’s 50 day moving average is $62.53 and its two-hundred day moving average is $78.50. The company has a market capitalization of $8.42 billion, a P/E ratio of -14.70 and a beta of 1.66.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted ($1.38) EPS. On average, research analysts predict that Roku will post -2.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 141,221 shares in the company, valued at approximately $13,930,039.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles Collier sold 4,182 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $65.00, for a total transaction of $271,830.00. Following the completion of the transaction, the insider now directly owns 8,474 shares of the company’s stock, valued at approximately $550,810. The disclosure for this sale can be found here. Insiders sold a total of 54,545 shares of company stock valued at $4,364,035 over the last three months. 13.63% of the stock is currently owned by company insiders.

Institutional Trading of Roku

Several large investors have recently bought and sold shares of ROKU. Harbour Investments Inc. boosted its position in shares of Roku by 3.3% during the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock worth $247,000 after buying an additional 113 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of Roku by 0.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock valued at $1,187,000 after acquiring an additional 117 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Roku by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after acquiring an additional 150 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Roku by 35.3% in the 3rd quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Roku by 0.5% during the third quarter. Arizona State Retirement System now owns 33,655 shares of the company’s stock worth $2,376,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds 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.