Roku (NASDAQ:ROKU) Raised to Strong-Buy at Citizens Jmp

Roku (NASDAQ:ROKU) was upgraded by analysts at Citizens Jmp to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on ROKU. Moffett Nathanson lowered shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 target price on the stock. in a report on Friday, January 10th. Macquarie restated an “outperform” rating and issued a $90.00 price target on shares of Roku in a research report on Thursday, October 31st. JMP Securities began coverage on shares of Roku in a research report on Tuesday. They set a “mkt outperform” rating and a $95.00 price objective for the company. Robert W. Baird upgraded shares of Roku from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $70.00 to $90.00 in a report on Monday, November 18th. Finally, Citigroup increased their price target on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $79.60 on Tuesday. Roku has a 52-week low of $48.33 and a 52-week high of $99.80. The company has a market capitalization of $11.56 billion, a PE ratio of -66.33 and a beta of 2.05. The company has a fifty day moving average of $76.87 and a 200-day moving average of $71.06.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned ($2.33) EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities analysts forecast that Roku will post -1.09 EPS for the current fiscal year.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. This represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,095 shares of company stock valued at $5,726,218. 13.98% of the stock is owned by insiders.

Hedge Funds Weigh In On Roku

Several institutional investors and hedge funds have recently bought and sold shares of ROKU. GS Investments Inc. raised its position in shares of Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares during the period. PFG Investments LLC raised its holdings in Roku by 3.7% during the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after acquiring an additional 150 shares during the period. True Vision MN LLC raised its holdings in Roku by 3.1% during the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after acquiring an additional 152 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Roku by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after acquiring an additional 202 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Roku by 11.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock valued at $165,000 after purchasing an additional 222 shares in the last quarter. 86.30% of the stock is 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.