Roku (NASDAQ:ROKU) Now Covered by FBN Securities

FBN Securities initiated coverage on shares of Roku (NASDAQ:ROKU - Get Free Report) in a research note issued on Friday, MarketBeat.com reports. The firm set an "outperform" rating and a $93.00 price target on the stock. FBN Securities' price target indicates a potential upside of 30.80% from the company's current price.

Several other equities research analysts also recently commented on the company. Rosenblatt Securities reaffirmed a "neutral" rating and set a $86.00 target price on shares of Roku in a report on Thursday, February 13th. JMP Securities upped their price objective on shares of Roku from $95.00 to $115.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Needham & Company LLC restated a "buy" rating and set a $120.00 price target on shares of Roku in a report on Monday, March 24th. Benchmark increased their price objective on Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Pivotal Research raised Roku from a "hold" rating to a "buy" rating and upped their target price for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $96.55.

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Roku Price Performance

Shares of ROKU traded down $1.39 during midday trading on Friday, reaching $71.10. The stock had a trading volume of 1,642,112 shares, compared to its average volume of 3,704,460. The firm's 50 day moving average price is $81.10 and its 200-day moving average price is $77.72. Roku has a 52 week low of $48.33 and a 52 week high of $104.96. The company has a market capitalization of $10.38 billion, a P/E ratio of -79.22 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, equities analysts forecast that Roku will post -0.3 earnings per share for the current year.

Insider Activity at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares of the company's stock, valued at $5,163,225. This trade represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,908 shares of company stock valued at $8,633,436 in the last 90 days. 13.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its position in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after acquiring an additional 270 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of Roku during the fourth quarter valued at approximately $30,000. Raelipskie Partnership bought a new stake in shares of Roku during the third quarter valued at approximately $32,000. Game Plan Financial Advisors LLC acquired a new stake in shares of Roku in the fourth quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd raised its position in Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after purchasing an additional 491 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

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.