Roku (NASDAQ:ROKU) Given New $72.00 Price Target at UBS Group

Roku (NASDAQ:ROKU - Get Free Report) had its target price decreased by research analysts at UBS Group from $90.00 to $72.00 in a research report issued on Tuesday, Marketbeat reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 23.16% from the company's current price.

Other research analysts have also recently issued reports about the company. Wedbush restated an "outperform" rating and set a $100.00 price target on shares of Roku in a research note on Monday, February 10th. Pivotal Research upgraded shares of Roku from a "hold" rating to a "buy" rating and boosted their price target for the stock from $65.00 to $125.00 in a research note on Friday, February 14th. Wells Fargo & Company upgraded shares of Roku from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $74.00 to $129.00 in a report on Friday, February 14th. Citigroup raised Roku from a "neutral" rating to an "outperform" rating in a research report on Sunday, March 23rd. Finally, Citizens Jmp raised Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roku presently has an average rating of "Moderate Buy" and a consensus price target of $94.11.

Roku Stock Up 0.1 %

Shares of ROKU traded up $0.06 during midday trading on Tuesday, reaching $58.46. The company had a trading volume of 2,568,091 shares, compared to its average volume of 3,801,611. Roku has a 1-year low of $48.33 and a 1-year high of $104.96. The firm has a 50 day simple moving average of $74.56 and a 200-day simple moving average of $76.13. The stock has a market cap of $8.53 billion, a PE ratio of -65.69 and a beta of 2.17.

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

Insider Activity

In related news, CEO Anthony J. Wood sold 4,600 shares of Roku stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the sale, the chief executive officer now owns 6,243 shares in the company, valued at approximately $468,225. The trade was a 42.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. The trade was a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,905 shares of company stock worth $6,560,876. 13.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roku

A number of hedge funds and other institutional investors have recently modified their holdings of ROKU. Entropy Technologies LP increased its stake in Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock valued at $1,898,000 after buying an additional 18,520 shares during the period. Geode Capital Management LLC lifted its position in shares of Roku by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock valued at $159,353,000 after acquiring an additional 56,820 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Roku by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company's stock worth $73,661,000 after buying an additional 34,898 shares during the period. Achmea Investment Management B.V. grew its stake in Roku by 146.4% during the 4th quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company's stock valued at $756,000 after acquiring an additional 6,042 shares in the last quarter. Finally, Allstate Corp purchased a new position in Roku during the fourth quarter valued at approximately $275,000. 86.30% of the stock is currently owned by institutional investors.

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.