Roku, Inc. (NASDAQ:ROKU) Given Average Rating of “Moderate Buy” by Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have been assigned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $83.18.

A number of equities analysts have recently commented on ROKU shares. Morgan Stanley raised their price objective on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Wells Fargo & Company raised their target price on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Finally, JMP Securities initiated coverage on Roku in a report on Tuesday, January 21st. They set a “mkt outperform” rating and a $95.00 target price on the stock.

Roku Stock Performance

Roku stock opened at $85.28 on Friday. The stock’s 50-day moving average is $78.21 and its 200-day moving average is $71.88. Roku has a 12 month low of $48.33 and a 12 month high of $99.80.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business posted ($2.33) EPS. Sell-side analysts expect that Roku will post -1.09 EPS for the current year.

Insider Buying and Selling

In related news, CAO Matthew C. Banks sold 8,693 shares of the company’s stock in a transaction on 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 in the company, valued at $518,940.16. This represents a 54.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the transaction, the chief financial officer now owns 64,555 shares of the company’s stock, valued at approximately $5,340,635.15. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,885 shares of company stock worth $5,712,912 in the last three months. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Game Plan Financial Advisors LLC acquired a new position in Roku during the 4th quarter worth $37,000. Allworth Financial LP boosted its position in Roku by 52.8% during the 4th quarter. Allworth Financial LP now owns 634 shares of the company’s stock worth $50,000 after acquiring an additional 219 shares during the period. Rhumbline Advisers boosted its position in Roku by 2.8% during the 4th quarter. Rhumbline Advisers now owns 141,348 shares of the company’s stock worth $10,508,000 after acquiring an additional 3,795 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Roku during the 4th quarter worth $233,000. Finally, Van ECK Associates Corp acquired a new position in Roku during the 4th quarter worth $675,000. 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.