Roku (NASDAQ:ROKU) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Roku (NASDAQ:ROKU) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Other analysts have also recently issued reports about the stock. Piper Sandler upgraded shares of Roku from a “neutral” rating to an “overweight” rating and upped their target price for the company from $88.00 to $135.00 in a research report on Monday, November 3rd. Susquehanna reissued a “positive” rating and set a $130.00 price objective on shares of Roku in a research note on Friday, October 31st. Rosenblatt Securities upped their price objective on Roku from $101.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Finally, Benchmark reissued a “buy” rating on shares of Roku in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.14.

Roku Price Performance

NASDAQ ROKU opened at $100.09 on Friday. Roku has a 1-year low of $52.43 and a 1-year high of $116.66. The business has a 50 day simple moving average of $98.88 and a two-hundred day simple moving average of $91.61. The stock has a market capitalization of $14.79 billion, a PE ratio of -500.42 and a beta of 1.98.

Roku (NASDAQ:ROKU) last posted its earnings results 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. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. Roku’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. On average, analysts anticipate that Roku will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 50,000 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $103.86, for a total value of $5,193,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mustafa Ozgen sold 50,527 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 491,195 shares of company stock valued at $51,517,886 in the last quarter. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ROKU. Banque Transatlantique SA bought a new stake in Roku during the 1st quarter valued at $28,000. Beaird Harris Wealth Management LLC bought a new position in shares of Roku during the 1st quarter worth $30,000. Westfuller Advisors LLC purchased a new position in shares of Roku during the third quarter valued at $30,000. Root Financial Partners LLC bought a new stake in shares of Roku in the third quarter valued at about $33,000. Finally, Rakuten Securities Inc. lifted its stake in Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after acquiring an additional 158 shares during the period. Institutional investors own 86.30% of the company’s stock.

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.