Roku (NASDAQ:ROKU) had its price objective raised by equities researchers at DA Davidson from $30.00 to $32.00 in a research report issued on Friday. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential downside of 8.94% from the company’s previous close.
A number of other equities research analysts have also weighed in on ROKU. BidaskClub raised shares of Roku from a “sell” rating to a “hold” rating in a report on Wednesday. Loop Capital assumed coverage on shares of Roku in a research report on Thursday, April 19th. They issued a “hold” rating and a $30.00 price target on the stock. ValuEngine upgraded shares of Roku from a “strong sell” rating to a “sell” rating in a research report on Monday, April 2nd. KeyCorp assumed coverage on shares of Roku in a research report on Tuesday, May 1st. They issued an “overweight” rating and a $42.00 price target on the stock. Finally, Citigroup upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $33.00 price target on the stock in a research report on Tuesday, March 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.65.
ROKU opened at $35.14 on Friday. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $58.80. The company has a market cap of $3.59 billion and a price-to-earnings ratio of -15.69.
Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, May 9th. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.08. The business had revenue of $136.58 million for the quarter, compared to the consensus estimate of $127.55 million. During the same period in the previous year, the firm earned ($1.79) earnings per share. The company’s revenue was up 36.5% compared to the same quarter last year. equities analysts predict that Roku will post -0.43 earnings per share for the current fiscal year.
In related news, SVP Stephen H. Kay sold 36,000 shares of the business’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $30.73, for a total transaction of $1,106,280.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Chas Smith sold 120,000 shares of the business’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $33.34, for a total transaction of $4,000,800.00. The disclosure for this sale can be found here. Insiders sold a total of 1,900,403 shares of company stock worth $62,478,962 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ROKU. Thompson Davis & CO. Inc. lifted its position in shares of Roku by 280.3% during the 1st quarter. Thompson Davis & CO. Inc. now owns 3,803 shares of the company’s stock valued at $118,000 after acquiring an additional 2,803 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Roku during the 4th quarter valued at $130,000. BNP Paribas Arbitrage SA acquired a new position in shares of Roku during the 1st quarter valued at $156,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Roku during the 1st quarter valued at $202,000. Finally, MYDA Advisors LLC acquired a new position in shares of Roku during the 4th quarter valued at $207,000. Institutional investors own 11.61% of the company’s stock.
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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