Roku (NASDAQ:ROKU) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
Several other research firms have also issued reports on ROKU. Needham & Company LLC upped their target price on shares of Roku from $60.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. ValuEngine upgraded shares of Roku from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Citigroup upped their target price on shares of Roku to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 12th. KeyCorp reiterated an “overweight” rating and issued a $81.00 target price (up previously from $67.00) on shares of Roku in a research note on Tuesday, September 11th. Finally, Wedbush began coverage on shares of Roku in a research note on Friday, October 5th. They issued a “neutral” rating and a $73.00 target price for the company. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Roku presently has a consensus rating of “Buy” and an average price target of $65.61.
ROKU traded up $0.49 during trading on Tuesday, hitting $43.69. 97,877 shares of the company’s stock were exchanged, compared to its average volume of 6,911,430. Roku has a fifty-two week low of $29.00 and a fifty-two week high of $77.57. The company has a market cap of $4.40 billion, a price-to-earnings ratio of -19.72 and a beta of 3.59.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, November 7th. The company reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. Roku had a negative net margin of 1.33% and a negative return on equity of 4.46%. The firm had revenue of $173.40 million for the quarter, compared to the consensus estimate of $170.73 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The business’s revenue was up 38.9% on a year-over-year basis. On average, analysts forecast that Roku will post -0.13 earnings per share for the current year.
In related news, SVP Stephen H. Kay sold 36,000 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $56.92, for a total transaction of $2,049,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 421,549 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $70.89, for a total transaction of $29,883,608.61. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 836,489 shares of company stock valued at $55,830,168. 0.55% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ROKU. BlackRock Inc. grew its position in Roku by 408.3% during the second quarter. BlackRock Inc. now owns 3,245,130 shares of the company’s stock valued at $138,307,000 after buying an additional 2,606,673 shares during the period. FMR LLC grew its position in Roku by 81.3% during the third quarter. FMR LLC now owns 5,415,683 shares of the company’s stock valued at $395,508,000 after buying an additional 2,428,836 shares during the period. Gilder Gagnon Howe & Co. LLC grew its position in Roku by 63.0% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,960,515 shares of the company’s stock valued at $126,177,000 after buying an additional 1,144,727 shares during the period. JPMorgan Chase & Co. grew its position in Roku by 2,154.2% during the third quarter. JPMorgan Chase & Co. now owns 1,138,496 shares of the company’s stock valued at $83,145,000 after buying an additional 1,087,991 shares during the period. Finally, Deutsche Bank AG grew its position in Roku by 873.6% during the third quarter. Deutsche Bank AG now owns 1,030,185 shares of the company’s stock valued at $75,233,000 after buying an additional 924,372 shares during the period. Institutional investors own 34.69% 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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