Roku’s (ROKU) Market Outperform Rating Reiterated at Citizens Jmp

Citizens Jmp reissued their market outperform rating on shares of Roku (NASDAQ:ROKU) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $145.00 target price on the stock.

Several other brokerages also recently commented on ROKU. UBS Group upped their price target on shares of Roku from $95.00 to $103.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. KeyCorp restated an “overweight” rating and set a $116.00 target price on shares of Roku in a research report on Tuesday, October 28th. JPMorgan Chase & Co. increased their price target on Roku from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Finally, Raymond James Financial restated a “market perform” rating on shares of Roku in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.14.

Roku Stock Up 1.7%

Shares of ROKU opened at $94.54 on Tuesday. The company has a market cap of $13.97 billion, a PE ratio of -472.68 and a beta of 1.98. The business has a fifty day moving average of $98.87 and a 200 day moving average of $91.12. Roku has a 52-week low of $52.43 and a 52-week high of $116.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the business posted ($0.06) earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year. As a group, research analysts anticipate that Roku will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roku news, insider Mustafa Ozgen sold 50,527 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles Collier sold 118,088 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $115.00, for a total transaction of $13,580,120.00. Following the completion of the sale, the insider owned 200 shares of the company’s stock, valued at approximately $23,000. This represents a 99.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 491,195 shares of company stock worth $51,517,886 in the last three months. Corporate insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ROKU. AQR Capital Management LLC lifted its holdings in shares of Roku by 275.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock valued at $258,897,000 after purchasing an additional 1,897,407 shares during the last quarter. Tableaux LLC acquired a new position in Roku during the 2nd quarter valued at about $1,746,000. Acadian Asset Management LLC raised its stake in Roku by 456.7% in the first quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock valued at $134,222,000 after buying an additional 1,563,449 shares during the last quarter. Holocene Advisors LP raised its stake in Roku by 352.3% in the third quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock valued at $165,259,000 after buying an additional 1,285,585 shares during the last quarter. Finally, Duquesne Family Office LLC boosted its holdings in Roku by 123.0% in the second quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock worth $96,723,000 after acquiring an additional 606,900 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Company Profile

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.