Roku (NASDAQ:ROKU) Now Covered by Analysts at JMP Securities

Equities researchers at JMP Securities began coverage on shares of Roku (NASDAQ:ROKU - Get Free Report) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a "mkt outperform" rating and a $95.00 price target on the stock. JMP Securities' price target would indicate a potential upside of 19.14% from the stock's previous close.

Several other research firms also recently weighed in on ROKU. Wells Fargo & Company increased their target price on Roku from $72.00 to $74.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Baird R W raised shares of Roku from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. Macquarie reissued an "outperform" rating and issued a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. Wedbush reaffirmed an "outperform" rating and set a $100.00 price target on shares of Roku in a research report on Wednesday, January 8th. Finally, UBS Group assumed coverage on shares of Roku in a report on Friday, November 22nd. They issued a "neutral" rating and a $73.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $83.18.

Roku Price Performance

ROKU traded up $3.85 during midday trading on Tuesday, reaching $79.74. 4,049,690 shares of the company's stock were exchanged, compared to its average volume of 3,011,325. Roku has a 1-year low of $48.33 and a 1-year high of $99.80. The stock has a market capitalization of $11.58 billion, a PE ratio of -66.45 and a beta of 2.05. The business's 50-day moving average price is $76.72 and its 200 day moving average price is $70.88.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company's quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.33) EPS. As a group, analysts expect that Roku will post -1.09 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other news, insider Charles Collier sold 10,771 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the sale, the insider now owns 3,790 shares of the company's stock, valued at approximately $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were 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 65,555 shares in the company, valued at $4,916,625. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,095 shares of company stock valued at $5,726,218 in the last ninety days. Insiders own 13.98% of the company's stock.

Institutional Investors Weigh In On Roku

Several institutional investors and hedge funds have recently made changes to their positions in ROKU. Geneos Wealth Management Inc. boosted its stake in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after acquiring an additional 270 shares during the period. Raelipskie Partnership bought a new stake in shares of Roku in the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its position in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company's stock valued at $40,000 after purchasing an additional 375 shares during the period. Future Financial Wealth Managment LLC bought a new position in Roku during the 3rd quarter worth $43,000. Finally, GS Investments Inc. increased its position in Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company's stock worth $44,000 after buying an additional 147 shares during the period. 86.30% of the stock is owned by institutional investors and hedge funds.

About Roku

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.