Roku (NASDAQ:ROKU) Earns Neutral Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their neutral rating on shares of Roku (NASDAQ:ROKU) in a research report released on Thursday,Benzinga reports. Rosenblatt Securities currently has a $86.00 price objective on the stock.

Several other research analysts also recently weighed in on the company. UBS Group began coverage on Roku in a research note on Friday, November 22nd. They set a “neutral” rating and a $73.00 price target for the company. Wells Fargo & Company increased their target price on shares of Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Moffett Nathanson cut shares of Roku from a “neutral” rating to a “sell” rating and set a $55.00 price target on the stock. in a research note on Friday, January 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and an average price target of $83.18.

Roku Stock Up 2.4 %

ROKU opened at $86.80 on Thursday. Roku has a twelve month low of $48.33 and a twelve month high of $95.17. The company’s 50-day moving average price is $80.17 and its two-hundred day moving average price is $73.28. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of -72.33 and a beta of 2.05.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. As a group, sell-side analysts anticipate that Roku will post -1.09 earnings per share for the current year.

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the sale, the chief financial officer now owns 65,555 shares in the company, valued at $4,916,625. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew C. Banks sold 8,693 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.44, for a total value of $621,027.92. Following the completion of the transaction, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. The trade was a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,885 shares of company stock valued at $7,911,162. 13.98% of the stock is owned by corporate insiders.

Institutional Trading of Roku

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after acquiring an additional 121 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock valued at $1,984,000 after purchasing an additional 145 shares in the last quarter. GS Investments Inc. grew its holdings in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares during the last quarter. PFG Investments LLC raised its position in Roku by 3.7% in the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock worth $310,000 after purchasing an additional 150 shares during the period. Finally, True Vision MN LLC lifted its stake in Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

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.