BidaskClub upgraded shares of Roku (NASDAQ:ROKU) from a hold rating to a buy rating in a research note published on Saturday morning.
A number of other research firms have also recently weighed in on ROKU. Morgan Stanley restated an underweight rating and issued a $32.00 price target (up from $30.00) on shares of Roku in a research note on Thursday, February 22nd. Citigroup raised their price target on Roku from $28.00 to $33.00 and gave the company a sell rating in a research note on Thursday, February 22nd. They noted that the move was a valuation call. Royal Bank of Canada raised their price target on Roku to $45.00 and gave the company a sector perform rating in a research note on Thursday, February 22nd. Vetr cut Roku from a buy rating to a hold rating and set a $48.59 price target on the stock. in a research note on Monday, February 19th. Finally, Macquarie began coverage on Roku in a research note on Thursday, June 14th. They issued an outperform rating and a $49.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $39.23.
Roku opened at $45.27 on Friday, Marketbeat Ratings reports. Roku has a 1-year low of $15.75 and a 1-year high of $58.80. The firm has a market capitalization of $4.31 billion and a price-to-earnings ratio of -20.21.
Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, May 9th. The company reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.08. The business had revenue of $136.58 million during the quarter, compared to analyst estimates of $127.55 million. During the same quarter in the prior year, the business earned ($1.79) earnings per share. The firm’s quarterly revenue was up 36.5% on a year-over-year basis. equities research analysts predict that Roku will post -0.3 EPS for the current year.
In other news, CEO Anthony J. Wood sold 248,578 shares of Roku stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $43.73, for a total transaction of $10,870,315.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Scott A. Rosenberg sold 20,000 shares of Roku stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $40.00, for a total value of $800,000.00. The disclosure for this sale can be found here. Insiders have sold 2,308,920 shares of company stock worth $79,406,969 in the last quarter. Insiders own 0.55% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ROKU. Thompson Davis & CO. Inc. increased its position in shares of Roku by 280.3% during the first quarter. Thompson Davis & CO. Inc. now owns 3,803 shares of the company’s stock worth $118,000 after purchasing an additional 2,803 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Roku during the fourth quarter worth about $130,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Roku during the first quarter worth about $156,000. Wealthcare Advisory Partners LLC increased its position in shares of Roku by 5,900.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 6,000 shares of the company’s stock worth $187,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of Roku during the first quarter worth about $202,000. Institutional investors and hedge funds own 16.35% of the company’s stock.
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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