Roku (NASDAQ:ROKU) Rating Increased to Hold at Jefferies Financial Group

Roku (NASDAQ:ROKU) was upgraded by stock analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The firm presently has a $100.00 target price on the stock, up from their previous target price of $55.00. Jefferies Financial Group’s target price suggests a potential upside of 8.21% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Rosenblatt Securities reissued a “neutral” rating and issued a $86.00 target price on shares of Roku in a report on Thursday, February 13th. Macquarie reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Roku in a report on Thursday, October 31st. Loop Capital upped their price objective on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Baird R W raised Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.76.

Roku Stock Down 3.5 %

ROKU opened at $92.41 on Thursday. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of -103.83 and a beta of 2.05. The business’s 50 day moving average is $81.34 and its two-hundred day moving average is $74.61. Roku has a 52 week low of $48.33 and a 52 week high of $104.96.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.39% and a negative net margin of 3.15%. Equities analysts expect that Roku will post -0.34 EPS for the current fiscal year.

Insider Activity

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. This represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated 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 in the company, valued at $5,340,635.15. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,421 shares of company stock worth $9,660,786 over the last three months. 13.98% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Roku

Several large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock worth $47,000 after buying an additional 121 shares during the period. Cerity Partners LLC increased its stake in Roku by 0.5% during the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock worth $1,984,000 after acquiring an additional 145 shares during the last quarter. GS Investments Inc. grew its stake 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 buying an additional 147 shares in the last quarter. PFG Investments LLC lifted its holdings in Roku by 3.7% during the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock worth $310,000 after buying an additional 150 shares during the last quarter. Finally, True Vision MN LLC lifted its holdings in shares of Roku by 3.1% in the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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.