Roku (NASDAQ:ROKU) Stock Price Up 14.1% on Analyst Upgrade

Shares of Roku, Inc. (NASDAQ:ROKU - Get Free Report) shot up 14.1% during trading on Monday after Citigroup raised their price target on the stock from $70.00 to $103.00. Citigroup currently has a neutral rating on the stock. Roku traded as high as $104.96 and last traded at $99.07. 18,449,453 shares changed hands during mid-day trading, an increase of 644% from the average session volume of 2,480,833 shares. The stock had previously closed at $86.80.

Several other analysts have also issued reports on ROKU. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of Roku in a research report on Tuesday, January 7th. UBS Group boosted their target price on shares of Roku from $73.00 to $90.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Moffett Nathanson lowered shares of Roku from a "neutral" rating to a "sell" rating and set a $55.00 target price for the company. in a research report on Friday, January 10th. Robert W. Baird raised shares of Roku from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $70.00 to $90.00 in a report on Monday, November 18th. Finally, Macquarie reaffirmed an "outperform" rating and set a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $96.00.

Insider Activity at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.73, for a total transaction of $82,730.00. Following the sale, the chief financial officer now owns 64,555 shares of the company's stock, valued at $5,340,635.15. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $2,510,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,664,415.20. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,421 shares of company stock valued at $9,660,786 over the last 90 days. 13.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in Roku during the fourth quarter valued at $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Roku by 7.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,191 shares of the company's stock valued at $39,191,000 after acquiring an additional 37,945 shares during the last quarter. Waverly Advisors LLC increased its position in Roku by 8.2% during the fourth quarter. Waverly Advisors LLC now owns 3,765 shares of the company's stock valued at $280,000 after acquiring an additional 285 shares during the last quarter. Woodline Partners LP bought a new position in Roku during the fourth quarter valued at $1,970,000. Finally, Twinbeech Capital LP bought a new position in Roku during the fourth quarter valued at $4,615,000. Institutional investors own 86.30% of the company's stock.

Roku Price Performance

The firm has a market cap of $13.47 billion, a P/E ratio of -104.26 and a beta of 2.05. The stock's 50-day simple moving average is $81.56 and its two-hundred day simple moving average is $74.73.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.44) by $0.20. The firm 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 5.39%. As a group, sell-side analysts expect that Roku, Inc. will post -0.34 earnings per share for the current year.

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.