Roku (NASDAQ:ROKU) Given New $72.00 Price Target at UBS Group

Roku (NASDAQ:ROKU - Get Free Report) had its target price decreased by analysts at UBS Group from $90.00 to $72.00 in a research note issued on Tuesday, Marketbeat.com reports. The firm currently has a "neutral" rating on the stock. UBS Group's target price indicates a potential upside of 23.16% from the stock's previous close.

Several other research analysts also recently commented on ROKU. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. raised their price objective on Roku from $92.00 to $115.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Benchmark upped their target price on Roku from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Wells Fargo & Company raised shares of Roku from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Finally, Bank of America initiated coverage on shares of Roku in a report on Thursday, March 27th. They issued a "buy" rating and a $100.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $94.11.

Roku Stock Performance

ROKU stock traded up $0.06 during midday trading on Tuesday, reaching $58.46. 2,568,091 shares of the company traded hands, compared to its average volume of 3,801,611. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of -65.69 and a beta of 2.17. The business has a 50 day moving average of $74.07 and a 200-day moving average of $76.02. 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, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Research analysts anticipate that Roku will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Anthony J. Wood sold 4,600 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, the chief executive officer now owns 6,243 shares in the company, valued at $468,225. This trade represents a 42.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction 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 approximately $5,163,225. The trade was a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,905 shares of company stock valued at $6,560,876 over the last ninety days. Company insiders own 13.98% of the company's stock.

Institutional Trading of Roku

Several institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its holdings in Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock worth $25,000 after buying an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new position in Roku in the 4th quarter valued at $30,000. Game Plan Financial Advisors LLC purchased a new stake in shares of Roku during the fourth quarter worth $37,000. Princeton Global Asset Management LLC acquired a new stake in shares of Roku in the first quarter valued at about $35,000. Finally, Harvest Fund Management Co. Ltd boosted its position in Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company's stock worth $37,000 after acquiring an additional 491 shares during the last quarter. Institutional investors and hedge funds 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.