Roku’s (ROKU) “Neutral” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their neutral rating on shares of Roku (NASDAQ:ROKU) in a report published on Thursday morning,Benzinga reports. The brokerage currently has a $86.00 price target on the stock.

Several other brokerages also recently issued reports on ROKU. Citizens Jmp upgraded Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Roku in a research note on Tuesday, January 7th. Piper Sandler lifted their price target on Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Morgan Stanley raised their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, Moffett Nathanson cut Roku from a “neutral” rating to a “sell” rating and set a $55.00 price target on the stock. in a report on Friday, January 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.18.

Roku Stock Up 14.1 %

Shares of Roku stock opened at $99.07 on Thursday. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm has a market cap of $14.38 billion, a PE ratio of -82.56 and a beta of 2.05. The business’s fifty day moving average is $80.56 and its two-hundred day moving average is $73.76.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Equities research analysts anticipate that Roku will post -1.09 EPS for the current year.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. The trade was a 54.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at approximately $4,916,625. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,885 shares of company stock valued at $7,911,162 in the last quarter. Company insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in shares of Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock worth $47,000 after purchasing an additional 121 shares during the period. Cerity Partners LLC increased its stake in Roku by 0.5% in the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock valued at $1,984,000 after acquiring an additional 145 shares during the period. GS Investments Inc. increased its stake in Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares during the period. PFG Investments LLC increased its stake in Roku by 3.7% in the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after acquiring an additional 150 shares during the period. Finally, True Vision MN LLC increased its stake in Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after acquiring an additional 152 shares during the period. 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.