Shares of Roku Inc (NASDAQ:ROKU) have been assigned a consensus rating of “Buy” from the seventeen analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $65.25.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday. Morgan Stanley boosted their price objective on Roku from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday. BidaskClub raised Roku from a “hold” rating to a “buy” rating in a research note on Saturday. Wedbush raised Roku from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research note on Thursday, November 1st. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised Roku from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $48.00 to $70.00 in a research note on Friday, October 19th.
NASDAQ ROKU traded down $1.62 on Friday, reaching $54.00. 452,146 shares of the company were exchanged, compared to its average volume of 8,216,165. The firm has a market capitalization of $6.14 billion, a P/E ratio of -26.28 and a beta of 3.59. Roku has a fifty-two week low of $18.56 and a fifty-two week high of $77.57.
In related news, Director Alan S. Henricks sold 26,000 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $58.20, for a total value of $1,513,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Chas Smith sold 130,908 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $58.09, for a total value of $7,604,445.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,363,883 shares of company stock worth $86,102,564. Corporate insiders own 0.55% of the company’s stock.
Several hedge funds have recently bought and sold shares of ROKU. Stratos Wealth Partners LTD. purchased a new stake in shares of Roku in the 3rd quarter valued at $130,000. BNP Paribas Arbitrage SA purchased a new stake in shares of Roku in the 1st quarter valued at $156,000. SevenBridge Financial Group LLC purchased a new stake in shares of Roku in the 2nd quarter valued at $158,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Roku in the 3rd quarter valued at $168,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Roku in the 2nd quarter valued at $213,000. Hedge funds and other institutional investors own 33.34% 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.
Further Reading: Cost of Capital
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