Roku, Inc. (NASDAQ:ROKU) Given Consensus Rating of "Moderate Buy" by Brokerages

Roku, Inc. (NASDAQ:ROKU - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-seven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, eighteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $96.70.

ROKU has been the topic of several research analyst reports. Citizens Jmp raised Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a report on Monday, April 7th. Citigroup raised Roku from a "neutral" rating to an "outperform" rating in a research report on Sunday, March 23rd. Benchmark lifted their target price on Roku from $100.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $74.00 to $129.00 in a report on Friday, February 14th.

Roku Stock Up 1.6 %

ROKU traded up $0.95 during trading on Wednesday, reaching $60.22. The company had a trading volume of 5,282,089 shares, compared to its average volume of 3,803,043. Roku has a 52 week low of $48.33 and a 52 week high of $104.96. The stock has a market cap of $8.79 billion, a P/E ratio of -67.66 and a beta of 2.17. The business has a 50 day simple moving average of $76.49 and a 200-day simple moving average of $76.57.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (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 business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. As a group, equities research analysts expect that Roku will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares of the company's stock, valued at approximately $5,163,225. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at approximately $2,333,486.34. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,905 shares of company stock valued at $6,638,056. 13.98% of the stock is owned by corporate insiders.

Institutional Trading of Roku

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its position in Roku by 31.7% in the fourth quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after acquiring an additional 4,613,570 shares during the period. Marshall Wace LLP lifted its position in Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after buying an additional 2,030,036 shares during the last quarter. Cadian Capital Management LP acquired a new stake in shares of Roku during the fourth quarter valued at about $87,632,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Roku by 505.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock worth $96,402,000 after acquiring an additional 1,082,548 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Roku by 149.8% during the 4th quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock worth $90,017,000 after purchasing an additional 726,077 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

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.