Roku, Inc. (NASDAQ:ROKU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Roku, Inc. (NASDAQ:ROKU) has been given a consensus recommendation of “Moderate Buy” by the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, fourteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $96.71.

Several equities analysts have recently commented on ROKU shares. Loop Capital upped their price objective on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Citigroup raised their price target on Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Benchmark boosted their price objective on Roku from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 14th. JMP Securities raised their target price on Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $86.00 price target on shares of Roku in a research note on Thursday, February 13th.

Roku Trading Up 6.1 %

ROKU stock opened at $78.29 on Friday. The firm has a 50-day moving average of $80.89 and a two-hundred day moving average of $77.14. The company has a market cap of $11.43 billion, a price-to-earnings ratio of -87.97 and a beta of 2.12. Roku has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. As a group, equities analysts forecast that Roku will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Charles Collier sold 7,181 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total transaction of $561,913.25. Following the transaction, the insider now owns 7,380 shares of the company’s stock, valued at $577,485. This represents a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,116,936.26. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,908 shares of company stock valued at $8,633,436. 13.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roku

A number of large investors have recently made changes to their positions in ROKU. Wealth Enhancement Advisory Services LLC boosted its holdings in Roku by 19.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock worth $463,000 after buying an additional 1,024 shares in the last quarter. Audent Global Asset Management LLC lifted its position in shares of Roku by 222.9% during the 4th quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock valued at $1,571,000 after acquiring an additional 14,584 shares during the period. Siemens Fonds Invest GmbH purchased a new stake in shares of Roku during the 4th quarter worth approximately $1,681,000. Fluent Financial LLC acquired a new stake in shares of Roku in the 4th quarter worth approximately $660,000. Finally, United Advisor Group LLC increased its stake in Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock valued at $1,073,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors 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.