Roku (NASDAQ:ROKU) was downgraded by analysts at Loop Capital from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $45.00 price target on the stock. Loop Capital’s target price points to a potential downside of 27.21% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other analysts have also weighed in on ROKU. BidaskClub lowered shares of Roku from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Zacks Investment Research lowered shares of Roku from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 15th. DA Davidson raised shares of Roku from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, December 3rd. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target (down previously from $85.00) on shares of Roku in a report on Wednesday, December 12th. Finally, SunTrust Banks started coverage on shares of Roku in a report on Monday, December 17th. They issued a “hold” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $65.07.

Shares of Roku stock opened at $61.82 on Wednesday. The company has a market capitalization of $7.78 billion, a P/E ratio of -772.75 and a beta of 3.90. Roku has a fifty-two week low of $26.30 and a fifty-two week high of $77.57.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $275.74 million during the quarter, compared to analyst estimates of $262.57 million. Roku had a negative net margin of 1.19% and a negative return on equity of 4.06%. Research analysts expect that Roku will post -0.7 EPS for the current year.

In other Roku news, SVP Stephen H. Kay sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $71.96, for a total value of $1,079,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $31.37, for a total transaction of $1,097,950.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 433,639 shares of company stock worth $22,880,175. Insiders own 0.55% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. We Are One Seven LLC bought a new position in Roku in the fourth quarter valued at approximately $27,000. Capital Investment Advisory Services LLC bought a new position in Roku in the fourth quarter valued at approximately $35,000. Essex Investment Management Co. LLC bought a new position in Roku in the fourth quarter valued at approximately $49,000. Advisors Asset Management Inc. boosted its stake in Roku by 59.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,854 shares of the company’s stock valued at $57,000 after acquiring an additional 690 shares during the last quarter. Finally, Rehmann Capital Advisory Group bought a new position in Roku in the third quarter valued at approximately $59,000. 42.91% of the stock is currently owned by hedge funds and other institutional investors.

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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