Roku (NASDAQ:ROKU) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Roku (NASDAQ:ROKU - Free Report) in a research report sent to investors on Thursday morning, Marketbeat reports. The firm issued an underperform rating and a $50.00 target price on the stock.

A number of other equities research analysts have also recently issued reports on ROKU. Wells Fargo & Company upped their price objective on Roku from $45.00 to $52.00 and gave the stock an underweight rating in a research note on Friday, April 26th. Seaport Res Ptn upgraded shares of Roku from a neutral rating to a buy rating in a report on Monday. Susquehanna cut their price target on shares of Roku from $110.00 to $80.00 and set a positive rating for the company in a research note on Monday. Pivotal Research decreased their price objective on shares of Roku from $85.00 to $75.00 and set a hold rating for the company in a research report on Friday, February 16th. Finally, Rosenblatt Securities reaffirmed a neutral rating and issued a $89.00 target price on shares of Roku in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Roku currently has a consensus rating of Hold and an average price target of $82.50.

Roku Stock Performance

NASDAQ ROKU traded up $0.81 during trading on Thursday, hitting $59.95. The stock had a trading volume of 2,647,263 shares, compared to its average volume of 5,805,866. Roku has a 12 month low of $51.62 and a 12 month high of $108.84. The company's 50-day moving average price is $62.17 and its two-hundred day moving average price is $78.18. The company has a market capitalization of $8.60 billion, a PE ratio of -15.02 and a beta of 1.69.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The company had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. During the same period last year, the company earned ($1.38) earnings per share. The firm's revenue was up 19.0% compared to the same quarter last year. As a group, equities analysts anticipate that Roku will post -1.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roku news, SVP Stephen H. Kay sold 4,310 shares of Roku stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the sale, the senior vice president now owns 81,459 shares in the company, valued at approximately $5,148,208.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares of the company's stock, valued at approximately $13,930,039.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Stephen H. Kay sold 4,310 shares of the business's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares of the company's stock, valued at approximately $5,148,208.80. The disclosure for this sale can be found here. Insiders have sold 54,545 shares of company stock worth $4,364,035 in the last 90 days. Company insiders own 13.63% of the company's stock.

Institutional Investors Weigh In On Roku

Several hedge funds and other institutional investors have recently made changes to their positions in ROKU. FMR LLC boosted its position in Roku by 85.9% in the third quarter. FMR LLC now owns 9,441,349 shares of the company's stock valued at $666,465,000 after buying an additional 4,363,754 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Roku by 24.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company's stock valued at $478,939,000 after acquiring an additional 1,457,925 shares in the last quarter. Norges Bank acquired a new position in Roku in the 4th quarter worth about $90,386,000. Lord Abbett & CO. LLC bought a new position in Roku in the third quarter valued at about $55,182,000. Finally, Wellington Management Group LLP boosted its stake in shares of Roku by 34.6% during the third quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company's stock valued at $179,516,000 after purchasing an additional 653,940 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

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.