UBS Group Has Lowered Expectations for Roku (NASDAQ:ROKU) Stock Price

Roku (NASDAQ:ROKU) had its price target reduced by stock analysts at UBS Group from $90.00 to $72.00 in a research note issued on Tuesday, MarketBeat reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 23.29% from the company’s current price.

A number of other research analysts have also recently weighed in on ROKU. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $74.00 to $129.00 in a report on Friday, February 14th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price for the company in a report on Tuesday, March 4th. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $88.50 price target on shares of Roku in a research report on Monday. Finally, Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and increased their price objective for the stock from $65.00 to $125.00 in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.54.

Roku Price Performance

Shares of ROKU stock opened at $58.40 on Tuesday. The firm’s 50-day simple moving average is $75.08 and its 200-day simple moving average is $76.24. Roku has a 1-year low of $48.33 and a 1-year high of $104.96. The firm has a market cap of $8.52 billion, a P/E ratio of -65.62 and a beta of 2.17.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Analysts expect that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other Roku news, CAO Matthew C. Banks sold 1,906 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total transaction of $153,166.16. Following the completion of the transaction, the chief accounting officer now directly owns 7,256 shares of the company’s stock, valued at $583,092.16. This trade represents a 20.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,333,486.34. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,905 shares of company stock valued at $6,560,876. 13.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently made changes to their positions in ROKU. Geneos Wealth Management Inc. boosted its holdings in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the period. Vision Financial Markets LLC bought a new position in shares of Roku during the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of Roku during the 1st quarter worth approximately $35,000. Game Plan Financial Advisors LLC bought a new stake in shares of Roku in the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after purchasing an additional 491 shares during the period. 86.30% of the stock is currently owned by institutional investors.

Roku Company Profile

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.