Roku, Inc. (NASDAQ:ROKU) Given Consensus Rating of "Moderate Buy" by Brokerages

Roku, Inc. (NASDAQ:ROKU - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-six analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $87.93.

A number of brokerages have recently issued reports on ROKU. Moffett Nathanson upgraded shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 target price on the stock in a research report on Tuesday, March 4th. Jefferies Financial Group raised Roku from an "underperform" rating to a "hold" rating and upped their price objective for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Wedbush dropped their target price on Roku from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Rosenblatt Securities cut their price target on Roku from $100.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd.

Roku Trading Down 1.7%

NASDAQ ROKU traded down $1.23 during trading hours on Thursday, reaching $71.57. 9,621,130 shares of the company's stock were exchanged, compared to its average volume of 3,802,694. The firm has a fifty day moving average of $65.71 and a 200-day moving average of $74.43. Roku has a one year low of $48.33 and a one year high of $104.96. The stock has a market cap of $10.45 billion, a PE ratio of -80.42 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the business earned ($0.35) earnings per share. The business's revenue for the quarter was up 15.8% on a year-over-year basis. As a group, research analysts forecast that Roku will post -0.3 EPS for the current year.

Insider Buying and Selling

In other news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the sale, the chief financial officer now directly owns 68,843 shares in the company, valued at $5,163,225. The trade was a 1.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the transaction, the chief executive officer now owns 6,243 shares of the company's stock, valued at approximately $468,225. The trade was a 42.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,100 shares of company stock valued at $1,164,215. 13.98% of the stock is owned by corporate insiders.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of Roku in the first quarter valued at about $25,000. Vision Financial Markets LLC acquired a new stake in shares of Roku in the fourth quarter valued at about $30,000. Beaird Harris Wealth Management LLC bought a new stake in Roku during the first quarter worth about $30,000. Finally, Banque Transatlantique SA acquired a new position in Roku during the first quarter valued at approximately $28,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.