Roku (NASDAQ:ROKU) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Roku (NASDAQ:ROKU - Free Report) to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on ROKU. Rosenblatt Securities raised their price objective on shares of Roku from $61.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Wedbush reissued an "outperform" rating and set a $100.00 price target on shares of Roku in a research note on Wednesday, January 8th. Macquarie reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Roku in a research note on Thursday, October 31st. UBS Group began coverage on Roku in a research report on Friday, November 22nd. They set a "neutral" rating and a $73.00 target price on the stock. Finally, Bank of America upped their target price on Roku from $75.00 to $90.00 and gave the company a "buy" rating in a report on Monday, September 30th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.18.

Roku Trading Up 4.4 %

Shares of Roku stock traded up $3.47 during trading hours on Tuesday, hitting $83.07. 1,592,614 shares of the company were exchanged, compared to its average volume of 2,870,602. The business has a 50-day moving average of $76.87 and a 200-day moving average of $71.06. Roku has a 1 year low of $48.33 and a 1 year high of $99.80. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of -69.22 and a beta of 2.05.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter last year, the business earned ($2.33) EPS. The business's revenue was up 16.5% on a year-over-year basis. As a group, research analysts anticipate that Roku will post -1.09 earnings per share for the current fiscal year.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 10,771 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.14, for a total value of $766,248.94. Following the sale, the insider now owns 3,790 shares in the company, valued at approximately $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,193,100.32. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 73,095 shares of company stock worth $5,726,218. Corporate 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 modified their holdings of ROKU. FMR LLC grew its position in Roku by 1.7% in the 3rd quarter. FMR LLC now owns 14,570,372 shares of the company's stock valued at $1,087,824,000 after buying an additional 244,793 shares in the last quarter. Holocene Advisors LP bought a new position in Roku during the 3rd quarter valued at $129,015,000. Westfield Capital Management Co. LP boosted its stake in Roku by 126.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company's stock valued at $114,646,000 after purchasing an additional 856,401 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Roku by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company's stock valued at $71,373,000 after purchasing an additional 30,038 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Roku by 352.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock worth $48,653,000 after buying an additional 507,643 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

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.