Roku, Inc. (NASDAQ:ROKU) Receives Average Rating of "Moderate Buy" from Analysts

Roku, Inc. (NASDAQ:ROKU - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-four brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, fourteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $96.00.

A number of research firms have commented on ROKU. Morgan Stanley upped their target price on shares of Roku from $60.00 to $65.00 and gave the company an "underweight" rating in a research report on Tuesday, October 29th. Citizens Jmp raised shares of Roku to a "strong-buy" rating in a research report on Tuesday, January 21st. Wells Fargo & Company raised shares of Roku from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $74.00 to $129.00 in a research report on Friday, February 14th. Moffett Nathanson lowered shares of Roku from a "neutral" rating to a "sell" rating and set a $55.00 price target on the stock. in a research note on Friday, January 10th. Finally, JMP Securities boosted their price target on shares of Roku from $95.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the sale, the chief financial officer now directly owns 64,555 shares in the company, valued at approximately $5,340,635.15. The trade was a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares of the company's stock, valued at $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,421 shares of company stock worth $9,660,786 in the last three months. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROKU. Blue Trust Inc. boosted its position in Roku by 227.7% during the 3rd quarter. Blue Trust Inc. now owns 8,494 shares of the company's stock valued at $634,000 after purchasing an additional 5,902 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Roku by 11.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company's stock valued at $165,000 after purchasing an additional 222 shares during the period. Kessler Investment Group LLC boosted its position in Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company's stock valued at $5,672,000 after purchasing an additional 13,590 shares during the period. Sequoia Financial Advisors LLC boosted its position in Roku by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company's stock valued at $352,000 after purchasing an additional 202 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Roku by 8,030.0% during the 3rd quarter. International Assets Investment Management LLC now owns 108,780 shares of the company's stock valued at $8,122,000 after purchasing an additional 107,442 shares during the period. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Price Performance

NASDAQ ROKU traded down $3.93 during mid-day trading on Tuesday, hitting $88.86. The stock had a trading volume of 3,372,437 shares, compared to its average volume of 3,765,202. The firm's 50 day moving average is $81.56 and its 200 day moving average is $74.73. Roku has a twelve month low of $48.33 and a twelve month high of $104.96. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of -99.84 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities research analysts expect that Roku will post -0.3 earnings per share 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.