JPMorgan Chase & Co. Lowers Roku (NASDAQ:ROKU) Price Target to $75.00

Roku (NASDAQ:ROKU - Free Report) had its price target decreased by JPMorgan Chase & Co. from $115.00 to $75.00 in a report issued on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research firms also recently weighed in on ROKU. UBS Group reduced their price target on shares of Roku from $90.00 to $72.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Compass Point initiated coverage on shares of Roku in a research note on Sunday, March 23rd. They issued a "buy" rating on the stock. Bank of America initiated coverage on shares of Roku in a research note on Thursday, March 27th. They issued a "buy" rating and a $100.00 price target on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $88.50 price target on shares of Roku in a research note on Monday, April 14th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $86.00 price target on shares of Roku in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $92.37.

Roku Stock Up 3.0 %

Shares of NASDAQ ROKU traded up $1.90 during midday trading on Tuesday, reaching $64.48. 421,670 shares of the stock were exchanged, compared to its average volume of 3,783,359. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of -72.36 and a beta of 2.17. Roku has a twelve month low of $48.33 and a twelve month high of $104.96. The firm has a 50-day simple moving average of $72.28 and a two-hundred day simple moving average of $75.72.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Research analysts expect that Roku will post -0.3 EPS for the current fiscal year.

Insider Activity at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total value of $2,198,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at $2,333,486.34. The trade was a 48.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Matthew C. Banks sold 1,906 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares of the company's stock, valued at approximately $583,092.16. This trade represents a 20.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,905 shares of company stock worth $6,560,876 over the last three months. 13.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Roku

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after buying an additional 270 shares in the last quarter. Garde Capital Inc. bought a new position in Roku during the first quarter worth $25,000. Vision Financial Markets LLC bought a new position in Roku during the fourth quarter worth $30,000. Golden State Wealth Management LLC lifted its stake in Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after purchasing an additional 247 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in Roku during the first quarter worth $35,000. Institutional investors and hedge funds own 86.30% of the company's stock.

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.