Roku (NASDAQ:ROKU) Upgraded at Loop Capital

Roku (NASDAQ:ROKU - Get Free Report) was upgraded by stock analysts at Loop Capital from a "hold" rating to a "buy" rating in a note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a $100.00 price objective on the stock, up from their previous price objective of $80.00. Loop Capital's price target points to a potential upside of 21.70% from the stock's current price.

Several other brokerages also recently weighed in on ROKU. Wells Fargo & Company cut their price target on Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Pivotal Research decreased their price target on shares of Roku from $125.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and increased their price objective for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. Piper Sandler initiated coverage on shares of Roku in a research note on Thursday, April 17th. They set a "neutral" rating and a $65.00 target price for the company. Finally, Moffett Nathanson raised Roku from a "sell" rating to a "neutral" rating and set a $70.00 price target for the company in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Roku currently has an average rating of "Moderate Buy" and an average target price of $89.24.

Roku Stock Up 10.4%

NASDAQ:ROKU opened at $82.17 on Tuesday. The stock's fifty day moving average is $67.99 and its two-hundred day moving average is $74.97. Roku has a 52 week low of $48.33 and a 52 week high of $104.96. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of -92.33 and a beta of 2.09.

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, beating the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.35) earnings per share. On average, sell-side analysts expect that Roku will post -0.3 EPS for the current fiscal year.

Insider Activity 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 shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mai Fyfield sold 914 shares of Roku stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $78.50, for a total value of $71,749.00. Following the completion of the sale, the director now owns 4,374 shares of the company's stock, valued at $343,359. This trade represents a 17.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,737 shares of company stock valued at $4,987,114 over the last quarter. Insiders own 13.98% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ROKU. Farther Finance Advisors LLC grew its position in Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after acquiring an additional 121 shares during the period. United Advisor Group LLC grew its stake in Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock worth $1,073,000 after buying an additional 130 shares during the period. Cerity Partners LLC increased its position in shares of Roku by 0.5% in the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock worth $1,984,000 after acquiring an additional 145 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Roku by 1.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock valued at $1,097,000 after acquiring an additional 160 shares during the period. Finally, Richard W. Paul & Associates LLC lifted its holdings in shares of Roku by 1.1% during the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company's stock valued at $1,189,000 after acquiring an additional 177 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other 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.

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