Roku’s (ROKU) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

Roku (NASDAQ:ROKU)‘s stock had its “neutral” rating restated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $160.00 price target on the stock, up from their prior price target of $150.00. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 13.56% from the stock’s current price.

A number of other brokerages have also issued reports on ROKU. Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Benchmark boosted their target price on Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. KeyCorp lowered Roku from an “overweight” rating to a “sector weight” rating in a research report on Monday. William Blair lowered Roku from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, Morgan Stanley boosted their target price on Roku from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Twelve equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $153.76.

Roku Stock Down 1.9%

Shares of Roku stock opened at $140.90 on Tuesday. The business has a fifty day simple moving average of $119.60 and a 200-day simple moving average of $106.65. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 105.94 and a beta of 2.06. Roku has a fifty-two week low of $77.64 and a fifty-two week high of $148.88.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.Roku’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.19) earnings per share. Analysts anticipate that Roku will post 2.41 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, insider Charles Collier sold 205,821 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $105.00, for a total transaction of $21,611,205.00. Following the transaction, the insider directly owned 11,131 shares of the company’s stock, valued at approximately $1,168,755. The trade was a 94.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $128.79, for a total value of $9,659,250.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 706,194 shares of company stock valued at $80,756,499. Company insiders own 13.45% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ROKU. Blue Trust Inc. raised its position in Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after buying an additional 204 shares during the period. Aventura Private Wealth LLC acquired a new position in Roku in the 4th quarter worth about $26,000. Bayban increased its position in Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC acquired a new position in Roku in the 4th quarter worth about $31,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Roku in the 4th quarter worth about $31,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku News Summary

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Fox Corp. agreed to buy Roku for about $22 billion, valuing ROKU at $160 per share and signaling a major premium to pre-deal trading levels. Fox to buy streaming pioneer Roku in a $22 billion deal
• Positive Sentiment: Wall Street has started updating its outlook on Roku following the acquisition announcement, including a higher price target from Citizens JMP, reinforcing investor interest in the stock. Roku price target raised by Citizens JMP
• Positive Sentiment: Roku saw unusually large call-option buying, suggesting traders are positioning for continued upside or more deal-related volatility. Wall Street sets Roku stock price target amid $22B acquisition
• Neutral Sentiment: The acquisition is drawing legal scrutiny, with shareholder-law firms investigating whether Roku shareholders are getting a fair price, which may add headline risk but does not yet change the deal itself. Shareholder alert: investigation of Roku related to sale to Fox
• Neutral Sentiment: Coverage around the merger highlights strategic benefits for Fox’s streaming and advertising ambitions, but investor reaction appears mixed because the deal price may leave limited immediate upside beyond the offer value. Roku Stock Rises. Why $22 Billion Fox Sale May Disappoint.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.