Roku (NASDAQ:ROKU) Given "Buy" Rating at Benchmark

Roku (NASDAQ:ROKU - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Benchmark in a note issued to investors on Friday, Benzinga reports. They presently have a $115.00 price target on the stock. Benchmark's target price points to a potential upside of 102.11% from the stock's previous close.

A number of other analysts have also recently commented on ROKU. Oppenheimer cut shares of Roku from an "outperform" rating to a "market perform" rating in a research note on Friday, February 16th. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Roku in a research report on Wednesday, February 21st. Wedbush lowered their price target on shares of Roku from $120.00 to $80.00 and set an "outperform" rating on the stock in a research report on Friday. Morgan Stanley lowered their price target on shares of Roku from $65.00 to $60.00 and set an "underweight" rating on the stock in a research report on Friday, April 5th. Finally, Wells Fargo & Company lowered their price target on shares of Roku from $51.00 to $45.00 and set an "underweight" rating on the stock in a research report on Friday, April 12th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Roku presently has a consensus rating of "Hold" and an average target price of $84.76.

Roku Stock Performance

Shares of ROKU stock traded down $1.79 on Friday, reaching $56.90. 3,582,853 shares of the company were exchanged, compared to its average volume of 5,674,473. The company has a market cap of $8.17 billion, a price-to-earnings ratio of -11.33 and a beta of 1.66. The business has a 50-day moving average price of $66.47 and a 200 day moving average price of $78.93. Roku has a 1 year low of $51.62 and a 1 year high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last released its earnings results on Thursday, February 15th. The company reported ($0.55) EPS for the quarter, topping analysts' consensus estimates of ($0.65) by $0.10. The business had revenue of $984.40 million during the quarter, compared to analysts' expectations of $967.72 million. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The company's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.70) earnings per share. As a group, equities analysts anticipate that Roku will post -2.12 earnings per share for the current year.

Insider Transactions at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now directly owns 141,221 shares of the company's stock, valued at approximately $13,930,039.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Charles Collier sold 12,277 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $65.06, for a total transaction of $798,741.62. Following the sale, the insider now directly owns 4,292 shares of the company's stock, valued at approximately $279,237.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now directly owns 141,221 shares in the company, valued at $13,930,039.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,545 shares of company stock worth $4,364,035. 13.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Roku

Large investors have recently modified their holdings of the company. Gotham Asset Management LLC increased its position in shares of Roku by 200.3% in the 3rd quarter. Gotham Asset Management LLC now owns 41,128 shares of the company's stock valued at $2,903,000 after purchasing an additional 27,431 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Roku by 8.2% in the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company's stock valued at $669,000 after purchasing an additional 551 shares during the last quarter. Barclays PLC increased its position in shares of Roku by 13.0% in the 3rd quarter. Barclays PLC now owns 215,766 shares of the company's stock valued at $15,231,000 after purchasing an additional 24,765 shares during the last quarter. Deutsche Bank AG increased its position in shares of Roku by 27.6% in the 3rd quarter. Deutsche Bank AG now owns 154,729 shares of the company's stock valued at $10,922,000 after purchasing an additional 33,500 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of Roku by 32.4% in the 4th quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company's stock valued at $7,312,000 after purchasing an additional 19,543 shares during the last quarter. 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.