Roku’s (ROKU) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Roku (NASDAQ:ROKU) in a research note published on Thursday,Benzinga reports. JMP Securities currently has a $95.00 target price on the stock.

A number of other research analysts also recently commented on ROKU. Citizens Jmp upgraded Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. UBS Group lowered their price target on shares of Roku from $90.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of Roku in a research report on Monday, April 21st. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 target price for the company in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and lifted their price target for the company from $55.00 to $100.00 in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $65.71 on Thursday. The company’s fifty day moving average is $70.99 and its two-hundred day moving average is $75.53. Roku has a 1-year low of $48.33 and a 1-year high of $104.96. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of -73.83 and a beta of 2.17.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.15 billion. Sell-side analysts expect that Roku will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Charles Collier sold 7,181 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $78.25, for a total transaction of $561,913.25. Following the sale, the insider now directly owns 7,380 shares of the company’s stock, valued at $577,485. The trade was a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $87.93, for a total value of $2,198,250.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company’s stock, valued at $2,333,486.34. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,905 shares of company stock worth $6,560,876. Corporate insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Hedge funds have recently bought and sold shares of the company. Entropy Technologies LP raised its holdings in shares of Roku by 264.4% during the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after acquiring an additional 18,520 shares during the period. Geode Capital Management LLC grew its position in Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company’s stock worth $159,353,000 after purchasing an additional 56,820 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Roku by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,867 shares of the company’s stock valued at $73,661,000 after purchasing an additional 34,898 shares during the period. Achmea Investment Management B.V. lifted its holdings in shares of Roku by 146.4% in the fourth quarter. Achmea Investment Management B.V. now owns 10,168 shares of the company’s stock valued at $756,000 after purchasing an additional 6,042 shares in the last quarter. Finally, Allstate Corp acquired a new stake in shares of Roku in the fourth quarter worth $275,000. 86.30% of the stock is owned by hedge funds and other 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.