Roku (NASDAQ:ROKU) Research Coverage Started at JMP Securities

JMP Securities assumed coverage on shares of Roku (NASDAQ:ROKU) in a research note released on Tuesday, MarketBeat.com reports. The firm issued a mkt outperform rating and a $95.00 price objective on the stock.

ROKU has been the subject of several other reports. Moffett Nathanson downgraded Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective for the company. in a research note on Friday, January 10th. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Loop Capital increased their target price on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their price target on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company upped their price target on shares of Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roku has an average rating of “Moderate Buy” and an average target price of $83.18.

Roku Trading Up 5.3 %

ROKU stock opened at $83.78 on Tuesday. Roku has a one year low of $48.33 and a one year high of $99.80. The firm has a 50-day moving average of $76.87 and a two-hundred day moving average of $71.06. The firm has a market capitalization of $12.16 billion, a PE ratio of -69.82 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.33) EPS. On average, equities research analysts anticipate that Roku will post -1.09 earnings per share for the current year.

Insider Transactions at Roku

In related news, insider Charles Collier sold 10,771 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the transaction, the insider now owns 3,790 shares of the company’s stock, valued at approximately $269,620.60. The trade was a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now directly owns 63,555 shares of the company’s stock, valued at approximately $4,905,174.90. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,095 shares of company stock worth $5,726,218. Company insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Holocene Advisors LP bought a new stake in shares of Roku during the third quarter valued at approximately $129,015,000. Kessler Investment Group LLC boosted its stake in Roku by 21.8% during the third quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after buying an additional 13,590 shares in the last quarter. National Bank of Canada FI increased its holdings in Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after buying an additional 149,514 shares during the period. EULAV Asset Management raised its stake in shares of Roku by 59.1% in the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after buying an additional 68,000 shares in the last quarter. Finally, Granite Bay Wealth Management LLC bought a new position in shares of Roku during the 2nd quarter worth about $1,142,000. 86.30% of the stock is currently owned by institutional investors.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.