Roku (NASDAQ:ROKU) Given New $75.00 Price Target at Rosenblatt Securities

Roku (NASDAQ:ROKU - Free Report) had its price target decreased by Rosenblatt Securities from $100.00 to $75.00 in a research note published on Friday morning,Benzinga reports. Rosenblatt Securities currently has a neutral rating on the stock.

Several other research analysts also recently weighed in on ROKU. Benchmark restated a "buy" rating and set a $130.00 price objective on shares of Roku in a report on Monday, April 21st. Citigroup restated an "outperform" rating on shares of Roku in a report on Thursday, April 24th. FBN Securities began coverage on Roku in a research note on Friday, March 28th. They set an "outperform" rating and a $93.00 price target for the company. Wells Fargo & Company dropped their target price on Roku from $129.00 to $93.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.46.

Roku Trading Down 8.5 %

NASDAQ ROKU traded down $5.72 on Friday, hitting $61.55. 13,858,009 shares of the company were exchanged, compared to its average volume of 3,752,270. Roku has a 12 month low of $48.33 and a 12 month high of $104.96. The company has a market cap of $8.98 billion, a PE ratio of -69.16 and a beta of 2.06. The stock has a fifty day moving average of $68.66 and a 200-day moving average of $75.16.

Roku (NASDAQ:ROKU - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 5.34% and a negative net margin of 3.15%. The firm's revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.35) EPS. On average, analysts expect that Roku will post -0.3 earnings per share for the current year.

Insider Transactions at Roku

In other Roku news, CAO Matthew C. Banks sold 1,906 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the completion of the transaction, the chief accounting officer now owns 7,256 shares of the company's stock, valued at $583,092.16. The trade was a 20.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $87.93, for a total value of $2,198,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,333,486.34. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,111 shares of company stock valued at $6,575,362. 13.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Roku

Large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after acquiring an additional 4,613,570 shares during the period. Vanguard Group Inc. lifted its position in Roku by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 12,249,091 shares of the company's stock valued at $910,597,000 after purchasing an additional 185,676 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Roku by 663.9% during the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock valued at $173,644,000 after purchasing an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Roku by 10.5% in the fourth 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 last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock worth $159,353,000 after buying 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.