Roku (NASDAQ:ROKU) Upgraded by Baird R W to "Strong-Buy" Rating

Roku (NASDAQ:ROKU - Get Free Report) was upgraded by Baird R W from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on ROKU. Macquarie reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Roku in a report on Thursday, October 31st. Jefferies Financial Group lowered their target price on shares of Roku from $60.00 to $55.00 and set an "underperform" rating on the stock in a report on Friday, November 1st. Bank of America lifted their price target on shares of Roku from $75.00 to $90.00 and gave the company a "buy" rating in a report on Monday, September 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price objective on shares of Roku in a research note on Thursday, October 31st. Finally, Wells Fargo & Company lifted their target price on shares of Roku from $72.00 to $74.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roku currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.67.

Roku Trading Down 0.6 %

ROKU traded down $0.42 during midday trading on Monday, reaching $73.61. The company's stock had a trading volume of 2,831,057 shares, compared to its average volume of 4,413,427. The company has a fifty day simple moving average of $74.53 and a 200 day simple moving average of $64.84. The stock has a market cap of $10.69 billion, a P/E ratio of -61.34 and a beta of 2.07. Roku has a twelve month low of $48.33 and a twelve month high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned ($2.33) earnings per share. The firm's revenue for the quarter was up 16.5% on a year-over-year basis. Sell-side analysts expect that Roku will post -1.1 earnings per share for the current year.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares of the company's stock, valued at $376,500. This represents a 83.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now owns 65,555 shares of the company's stock, valued at approximately $4,916,625. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,240 shares of company stock worth $6,729,582 in the last three months. Insiders own 13.98% of the company's stock.

Institutional Investors Weigh In On Roku

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raelipskie Partnership acquired a new position in Roku during the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its position in Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company's stock valued at $40,000 after purchasing an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Roku in the 3rd quarter valued at $43,000. GS Investments Inc. increased its stake in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after buying an additional 147 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new stake in Roku during the 2nd quarter worth about $48,000. Institutional investors and hedge funds 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.