JMP Securities Reiterates "Market Outperform" Rating for Roku (NASDAQ:ROKU)

JMP Securities reiterated their market outperform rating on shares of Roku (NASDAQ:ROKU - Free Report) in a report released on Thursday,Benzinga reports. They currently have a $95.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Citizens Jmp raised shares of Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. UBS Group decreased their target price on shares of Roku from $90.00 to $72.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company upgraded Roku from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Benchmark reaffirmed a "buy" rating and issued a $130.00 target price on shares of Roku in a research report on Monday, April 21st. Finally, Bank of America began coverage on Roku in a report on Thursday, March 27th. They set a "buy" rating and a $100.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.93.

Roku Trading Up 2.2 %

Shares of Roku stock traded up $1.44 during trading on Thursday, hitting $67.15. The stock had a trading volume of 2,091,617 shares, compared to its average volume of 3,709,844. The business's 50-day moving average is $70.99 and its 200 day moving average is $75.52. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of -75.40 and a beta of 2.17. Roku has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last announced 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. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. As a group, equities analysts expect that Roku will post -0.3 EPS for the current year.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 4,600 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the sale, the chief executive officer now owns 6,243 shares of the company's stock, valued at $468,225. This trade represents a 42.42 % 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 hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 68,843 shares in the company, valued at approximately $5,163,225. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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

A number of hedge funds and other institutional investors have recently bought and sold shares of ROKU. Summit Trail Advisors LLC lifted its stake in Roku by 65.0% in the first quarter. Summit Trail Advisors LLC now owns 12,388 shares of the company's stock worth $873,000 after acquiring an additional 4,879 shares during the period. Smith Group Asset Management LLC raised its position in shares of Roku by 2.8% in the 1st quarter. Smith Group Asset Management LLC now owns 7,390 shares of the company's stock valued at $521,000 after purchasing an additional 200 shares during the last quarter. ABLE Financial Group LLC purchased a new stake in shares of Roku during the first quarter valued at $1,272,000. Goodman Advisory Group LLC purchased a new position in shares of Roku in the first quarter worth about $467,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Roku by 4,720.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 163,545 shares of the company's stock worth $11,546,000 after purchasing an additional 160,152 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.

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.