Roku (NASDAQ:ROKU) Earns Neutral Rating from Analysts at UBS Group

Research analysts at UBS Group assumed coverage on shares of Roku (NASDAQ:ROKU - Get Free Report) in a research note issued on Friday, Marketbeat reports. The firm set a "neutral" rating and a $73.00 price target on the stock. UBS Group's price target suggests a potential upside of 5.54% from the company's current price.

Other analysts also recently issued research reports about the stock. Rosenblatt Securities raised their price target on shares of Roku from $61.00 to $86.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Wolfe Research raised Roku from a "peer perform" rating to an "outperform" rating and set a $93.00 price target on the stock in a research note on Thursday, September 12th. Jefferies Financial Group cut their price objective on Roku from $60.00 to $55.00 and set an "underperform" rating for the company in a research report on Friday, November 1st. Benchmark reaffirmed a "buy" rating and issued a $105.00 target price on shares of Roku in a research report on Thursday, September 12th. Finally, Guggenheim upgraded shares of Roku from a "neutral" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Roku has an average rating of "Moderate Buy" and an average target price of $84.14.

Roku Stock Performance

Shares of NASDAQ:ROKU traded up $0.49 during midday trading on Friday, hitting $69.17. The company's stock had a trading volume of 3,109,198 shares, compared to its average volume of 4,418,771. The company has a market cap of $10.04 billion, a P/E ratio of -56.98 and a beta of 2.07. Roku has a 12-month low of $48.33 and a 12-month high of $108.84. The business's 50 day simple moving average is $74.56 and its 200 day simple moving average is $65.00.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business's revenue was up 16.5% on a year-over-year basis. During the same period last year, the company posted ($2.33) EPS. On average, sell-side analysts predict that Roku will post -1.1 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other news, CAO Matthew C. Banks sold 8,693 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now directly owns 7,264 shares of the company's stock, valued at approximately $518,940.16. This represents a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 10,771 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.14, for a total value of $766,248.94. Following the sale, the insider now directly owns 3,790 shares in the company, valued at $269,620.60. This trade represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,240 shares of company stock valued at $6,729,582. 13.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ROKU. UniSuper Management Pty Ltd lifted its holdings in shares of Roku by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,800 shares of the company's stock valued at $117,000 after purchasing an additional 900 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Roku by 127.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 49,912 shares of the company's stock valued at $3,255,000 after acquiring an additional 27,940 shares during the period. Natixis purchased a new position in shares of Roku during the first quarter worth approximately $53,000. Axxcess Wealth Management LLC increased its holdings in shares of Roku by 42.9% in the 1st quarter. Axxcess Wealth Management LLC now owns 13,566 shares of the company's stock valued at $884,000 after acquiring an additional 4,074 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in Roku by 138.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 342,400 shares of the company's stock valued at $22,314,000 after purchasing an additional 198,600 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

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.