Roku (NASDAQ:ROKU) Upgraded by Redburn Atlantic to Buy Rating

Redburn Atlantic upgraded shares of Roku (NASDAQ:ROKU - Free Report) from a neutral rating to a buy rating in a report issued on Monday, Marketbeat Ratings reports. Redburn Atlantic currently has $100.00 price target on the stock.

ROKU has been the subject of a number of other reports. Citigroup raised shares of Roku from a "neutral" rating to an "outperform" rating in a research note on Sunday, March 23rd. Needham & Company LLC restated a "buy" rating and issued a $120.00 price target on shares of Roku in a report on Monday, March 24th. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 price objective on the stock in a report on Tuesday, March 4th. Loop Capital boosted their price objective on shares of Roku from $70.00 to $80.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Finally, Compass Point began coverage on Roku in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Roku currently has an average rating of "Moderate Buy" and an average price target of $96.70.

Roku Price Performance

ROKU stock traded down $0.29 during mid-day trading on Monday, reaching $58.98. The company had a trading volume of 2,602,699 shares, compared to its average volume of 3,787,028. The firm has a 50 day moving average of $76.89 and a 200 day moving average of $76.67. Roku has a 12 month low of $48.33 and a 12 month high of $104.96. The company has a market capitalization of $8.61 billion, a PE ratio of -65.79 and a beta of 2.17.

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

Insider Buying and Selling

In other news, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,243 shares in the company, valued at $468,225. This trade represents a 42.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now owns 68,843 shares in the company, valued at approximately $5,163,225. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,905 shares of company stock worth $6,638,056 in the last 90 days. 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 made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares in the last quarter. Vision Financial Markets LLC acquired a new position in Roku during the fourth quarter worth about $30,000. Raelipskie Partnership acquired a new position in shares of Roku during the 3rd quarter worth approximately $32,000. Game Plan Financial Advisors LLC purchased a new stake in Roku in the 4th quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd increased its position in Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after purchasing an additional 491 shares during the last quarter. 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.