Roku (NASDAQ:ROKU) Coverage Initiated at FBN Securities

Analysts at FBN Securities began coverage on shares of Roku (NASDAQ:ROKU) in a report issued on Friday, Marketbeat.com reports. The firm set an “outperform” rating and a $93.00 price target on the stock. FBN Securities’ target price points to a potential upside of 22.29% from the stock’s current price.

A number of other equities analysts have also recently weighed in on ROKU. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Compass Point started coverage on Roku in a research note on Sunday. They issued a “buy” rating for the company. JMP Securities increased their target price on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their target price on Roku from $92.00 to $115.00 and gave the company an “overweight” 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.55.

Roku Stock Down 2.3 %

NASDAQ:ROKU opened at $76.05 on Friday. Roku has a 52 week low of $48.33 and a 52 week high of $104.96. The company has a market capitalization of $11.10 billion, a P/E ratio of -85.45 and a beta of 2.12. The stock’s fifty day moving average is $81.16 and its two-hundred day moving average is $77.54.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Sell-side analysts anticipate that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Matthew C. Banks sold 1,906 shares of Roku stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total transaction of $153,166.16. Following the sale, the chief accounting officer now owns 7,256 shares in the company, valued at approximately $583,092.16. The trade was a 20.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 68,843 shares of the company’s stock, valued at approximately $5,163,225. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,908 shares of company stock worth $8,633,436 over the last 90 days. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ROKU. Farther Finance Advisors LLC grew its position in shares of 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 acquiring an additional 121 shares during the last quarter. United Advisor Group LLC boosted its stake in Roku by 0.9% during the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the period. Cerity Partners LLC grew its position in Roku by 0.5% during the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock worth $1,984,000 after purchasing an additional 145 shares during the last quarter. Richard W. Paul & Associates LLC increased its stake in Roku by 1.1% in the fourth quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock valued at $1,189,000 after purchasing an additional 177 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Roku by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock valued at $287,000 after buying an additional 191 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.