Roku (NASDAQ:ROKU) was upgraded by research analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued on Sunday. The firm presently has a $42.40 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 11.81% from the company’s current price.

ROKU has been the subject of a number of other research reports. ValuEngine raised Roku from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. KeyCorp reaffirmed an “overweight” rating and issued a $81.00 price target (up previously from $67.00) on shares of Roku in a report on Tuesday, September 11th. Morgan Stanley upped their price target on Roku from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, November 5th. Zacks Investment Research cut Roku from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 15th. Finally, Royal Bank of Canada upgraded Roku from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $48.00 to $70.00 in a research note on Friday, October 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Roku presently has a consensus rating of “Buy” and an average target price of $65.14.

NASDAQ ROKU traded down $2.90 during trading hours on Friday, reaching $37.92. The company’s stock had a trading volume of 4,999,894 shares, compared to its average volume of 6,143,438. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of -16.93 and a beta of 3.24. Roku has a 1-year low of $29.00 and a 1-year high of $77.57.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, November 7th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The company had revenue of $173.40 million during the quarter, compared to analysts’ expectations of $170.73 million. Roku had a negative return on equity of 4.46% and a negative net margin of 1.33%. Roku’s quarterly revenue was up 38.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. As a group, equities analysts anticipate that Roku will post -0.13 EPS for the current fiscal year.

In other news, SVP Stephen H. Kay sold 36,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $41.59, for a total value of $1,497,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 421,549 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $70.89, for a total value of $29,883,608.61. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 836,489 shares of company stock valued at $55,135,368. 0.55% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of ROKU. BlackRock Inc. grew its position in shares of Roku by 408.3% in the second quarter. BlackRock Inc. now owns 3,245,130 shares of the company’s stock valued at $138,307,000 after purchasing an additional 2,606,673 shares in the last quarter. FMR LLC grew its position in Roku by 81.3% in the third quarter. FMR LLC now owns 5,415,683 shares of the company’s stock worth $395,508,000 after acquiring an additional 2,428,836 shares during the period. Vanguard Group Inc. grew its position in Roku by 72.7% in the third quarter. Vanguard Group Inc. now owns 4,747,875 shares of the company’s stock worth $346,737,000 after acquiring an additional 1,998,602 shares during the period. Morgan Stanley grew its position in Roku by 378.4% in the third quarter. Morgan Stanley now owns 2,129,881 shares of the company’s stock worth $155,544,000 after acquiring an additional 1,684,676 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Roku by 2,154.2% in the third quarter. JPMorgan Chase & Co. now owns 1,138,496 shares of the company’s stock worth $83,145,000 after acquiring an additional 1,087,991 shares during the period. Institutional investors and hedge funds own 46.35% of the company’s stock.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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Analyst Recommendations for Roku (NASDAQ:ROKU)

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