Roku (NASDAQ:ROKU) Upgraded by Moffett Nathanson to Neutral Rating

Roku (NASDAQ:ROKU - Get Free Report) was upgraded by stock analysts at Moffett Nathanson from a "sell" rating to a "neutral" rating in a research note issued on Tuesday, Marketbeat.com reports. The firm presently has a $70.00 price objective on the stock. Moffett Nathanson's price objective suggests a potential downside of 16.85% from the stock's previous close.

Several other analysts also recently commented on the stock. Benchmark increased their price objective on shares of Roku from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Rosenblatt Securities reissued a "neutral" rating and set a $86.00 price target on shares of Roku in a research report on Thursday, February 13th. Pivotal Research upgraded shares of Roku from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $65.00 to $125.00 in a report on Friday, February 14th. Robert W. Baird upgraded Roku from a "neutral" rating to an "outperform" rating and increased their target price for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Finally, Baird R W upgraded Roku from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $96.71.

Roku Stock Down 1.0 %

Shares of NASDAQ ROKU traded down $0.89 on Tuesday, reaching $84.18. 980,411 shares of the company's stock traded hands, compared to its average volume of 3,642,784. The business's 50 day simple moving average is $82.30 and its two-hundred day simple moving average is $76.72. Roku has a 12 month low of $48.33 and a 12 month high of $104.96. The company has a market cap of $12.29 billion, a price-to-earnings ratio of -94.61 and a beta of 2.12.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.15 billion. Analysts forecast that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Charles Collier sold 7,181 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the sale, the insider now directly owns 7,380 shares in the company, valued at $577,485. This trade represents a 49.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares of the company's stock, valued at $2,193,100.32. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,308 shares of company stock valued at $10,362,166. 13.98% of the stock is owned by corporate insiders.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Entropy Technologies LP boosted its stake in Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company's stock worth $1,898,000 after purchasing an additional 18,520 shares during the period. Holocene Advisors LP bought a new position in shares of Roku during the third quarter worth $129,015,000. National Bank of Canada FI increased its holdings in Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company's stock valued at $11,259,000 after acquiring an additional 149,514 shares during the last quarter. EULAV Asset Management lifted its stake in Roku by 59.1% in the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company's stock worth $13,663,000 after purchasing an additional 68,000 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in Roku in the 3rd quarter worth $2,157,000. Institutional investors own 86.30% of the company's stock.

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.