Roku, Inc. (NASDAQ:ROKU) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have been given an average rating of “Moderate Buy” by the twenty-nine ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $119.32.

ROKU has been the topic of several research reports. Jefferies Financial Group raised Roku from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $135.00 in a research note on Thursday, December 11th. JPMorgan Chase & Co. upped their target price on shares of Roku from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. JMP Securities reiterated a “market outperform” rating and set a $145.00 price target on shares of Roku in a research report on Thursday, October 2nd. Arete upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Monday, January 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Roku in a report on Wednesday, October 1st.

Roku Trading Down 0.2%

Shares of ROKU stock opened at $110.51 on Friday. Roku has a 1 year low of $52.43 and a 1 year high of $116.66. The firm’s 50 day moving average is $104.27 and its 200-day moving average is $97.70. The firm has a market capitalization of $16.33 billion, a price-to-earnings ratio of -552.52 and a beta of 1.95.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the company posted ($0.06) EPS. Roku’s revenue was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other news, insider Gilbert Fuchsberg sold 3,250 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $108.78, for a total transaction of $353,535.00. Following the completion of the transaction, the insider directly owned 59,094 shares in the company, valued at approximately $6,428,245.32. The trade was a 5.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Neil D. Hunt sold 2,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $108.98, for a total value of $217,960.00. Following the completion of the sale, the director directly owned 7,782 shares of the company’s stock, valued at approximately $848,082.36. This trade represents a 20.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 315,282 shares of company stock valued at $34,048,429 over the last quarter. 13.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ROKU. Aventura Private Wealth LLC acquired a new stake in Roku in the fourth quarter worth $26,000. Westfuller Advisors LLC bought a new stake in shares of Roku in the 3rd quarter valued at $30,000. Root Financial Partners LLC acquired a new stake in Roku during the 3rd quarter worth $33,000. Rakuten Securities Inc. raised its stake in Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after buying an additional 158 shares during the period. Finally, JFS Wealth Advisors LLC grew its stake in Roku by 327.1% in the second quarter. JFS Wealth Advisors LLC now owns 457 shares of the company’s stock valued at $40,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

About Roku

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.