Roku (NASDAQ:ROKU) Price Target Cut to $68.00 by Analysts at Citigroup

Roku (NASDAQ:ROKU - Free Report) had its price objective lowered by Citigroup from $81.00 to $68.00 in a research note released on Tuesday, MarketBeat.com reports. Citigroup currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on ROKU. Citizens Jmp raised Roku to a "strong-buy" rating in a research note on Tuesday, January 21st. FBN Securities assumed coverage on shares of Roku in a research report on Friday, March 28th. They set an "outperform" rating and a $93.00 price objective on the stock. Wells Fargo & Company cut their target price on shares of Roku from $129.00 to $93.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. UBS Group lowered their price target on shares of Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Wedbush cut their price objective on Roku from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.93.

Roku Trading Down 0.7 %

ROKU stock traded down $0.43 during mid-day trading on Tuesday, reaching $60.93. 3,091,895 shares of the stock traded hands, compared to its average volume of 3,776,697. The stock's fifty day moving average is $66.49 and its 200-day moving average is $74.58. The company has a market cap of $8.89 billion, a P/E ratio of -68.46 and a beta of 2.06. Roku has a 52-week low of $48.33 and a 52-week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted ($0.35) EPS. The company's revenue was up 15.8% on a year-over-year basis. Equities research analysts expect 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 4,600 shares of Roku stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $345,000.00. Following the completion of the transaction, the chief executive officer now owns 6,243 shares in the company, valued at approximately $468,225. The trade was a 42.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 5,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the sale, the chief financial officer now owns 58,555 shares in the company, valued at $5,878,922. The trade was a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,111 shares of company stock valued at $6,575,362 in the last three months. 13.98% of the stock is owned by corporate insiders.

Institutional Trading of Roku

Several hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its holdings in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after acquiring an additional 270 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of Roku during the first quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of Roku in the fourth quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its stake in shares of Roku by 125.4% during the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after purchasing an additional 247 shares during the period. Finally, Game Plan Financial Advisors LLC acquired a new stake in Roku during the 4th quarter worth approximately $37,000. 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.