Roku (NASDAQ:ROKU) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Roku (NASDAQ:ROKU) from an underperform rating to a hold rating in a report issued on Thursday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has $100.00 target price on the stock, up from their previous target price of $55.00.

ROKU has been the topic of a number of other research reports. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Benchmark lifted their price target on shares of Roku from $100.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 14th. JMP Securities lifted their price target on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Roku in a report on Monday, February 10th. Finally, Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $74.00 to $129.00 in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Roku Stock Up 0.4 %

Shares of NASDAQ ROKU opened at $92.79 on Thursday. The firm’s 50-day moving average price is $81.56 and its 200-day moving average price is $74.73. Roku has a 52-week low of $48.33 and a 52-week high of $104.96.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. As a group, equities research analysts forecast that Roku will post -0.3 EPS for the current year.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,193,100.32. The trade was a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Dan Jedda sold 1,000 shares of the business’s 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 transaction, the chief financial officer now owns 63,555 shares in the company, valued at $4,905,174.90. This trade represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,421 shares of company stock worth $9,660,786. Insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ROKU. FMR LLC lifted its stake in Roku by 31.7% in the fourth quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after acquiring an additional 4,613,570 shares during the period. Vanguard Group Inc. lifted its stake in Roku by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company’s stock worth $910,597,000 after acquiring an additional 185,676 shares during the period. Marshall Wace LLP lifted its stake in Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after acquiring an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Roku by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company’s stock worth $168,734,000 after acquiring an additional 215,841 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after acquiring an additional 56,820 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.