Roku (NASDAQ:ROKU) Receives Market Outperform Rating from JMP Securities

Roku (NASDAQ:ROKU - Get Free Report)'s stock had its "market outperform" rating restated by stock analysts at JMP Securities in a report released on Monday,Benzinga reports. They currently have a $95.00 price objective on the stock. JMP Securities' price target would indicate a potential upside of 30.19% from the company's current price.

Several other equities research analysts have also weighed in on ROKU. FBN Securities initiated coverage on Roku in a research report on Friday, March 28th. They set an "outperform" rating and a $93.00 target price on the stock. Bank of America started coverage on Roku in a research report on Thursday, March 27th. They set a "buy" rating and a $100.00 price target on the stock. Loop Capital cut their price target on Roku from $90.00 to $80.00 and set a "hold" rating on the stock in a research report on Friday, May 2nd. Wedbush lowered their target price on Roku from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Evercore ISI lowered their target price on Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $88.37.

Roku Stock Performance

ROKU stock traded down $0.04 during mid-day trading on Monday, reaching $72.97. The company had a trading volume of 3,489,970 shares, compared to its average volume of 3,806,826. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of -81.99 and a beta of 2.06. The firm has a fifty day simple moving average of $65.35 and a 200 day simple moving average of $74.41.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned ($0.35) EPS. The business's quarterly revenue was up 15.8% on a year-over-year basis. As a group, analysts predict that Roku will post -0.3 earnings per share for the current year.

Insider Transactions at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares of the company's stock, valued at $468,225. This trade represents a 80.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the company'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 completion of the sale, the chief financial officer now directly owns 68,843 shares of the company's stock, valued at $5,163,225. The trade was a 1.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,013 shares of company stock valued at $2,324,135 over the last three months. 13.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised its position in shares of Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock worth $1,426,134,000 after purchasing an additional 4,613,570 shares during the period. Vanguard Group Inc. raised its position in shares of Roku by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock worth $880,753,000 after purchasing an additional 254,504 shares during the period. Marshall Wace LLP raised its position in shares of Roku by 663.9% during the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after purchasing an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Roku by 10.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock worth $168,734,000 after purchasing an additional 215,841 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Roku by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after purchasing an additional 56,820 shares during the period. 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.