Roku’s (ROKU) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Roku (NASDAQ:ROKU) in a research note issued to investors on Monday,Benzinga reports. JMP Securities currently has a $95.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. UBS Group assumed coverage on shares of Roku in a research report on Friday, November 22nd. They set a “neutral” rating and a $73.00 price target on the stock. Jefferies Financial Group reduced their target price on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. Morgan Stanley increased their price target on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Roku in a research note on Wednesday, January 8th. Finally, Piper Sandler increased their target price on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $83.18.

Roku Price Performance

Roku stock opened at $81.65 on Monday. Roku has a 12 month low of $48.33 and a 12 month high of $99.80. The company has a market cap of $11.86 billion, a price-to-earnings ratio of -68.04 and a beta of 2.05. The stock’s 50-day moving average is $79.25 and its 200-day moving average is $72.42.

Insider Buying and Selling at Roku

In other news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at approximately $4,916,625. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the sale, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,885 shares of company stock worth $5,712,912 over the last quarter. 13.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares during the period. Raelipskie Partnership bought a new stake in Roku in the 3rd quarter valued at about $32,000. Game Plan Financial Advisors LLC acquired a new position in Roku during the 4th quarter valued at about $37,000. Future Financial Wealth Managment LLC bought a new position in Roku in the 3rd quarter worth about $43,000. Finally, GS Investments Inc. increased 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 purchasing an additional 147 shares during the period. 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.