Roku, Inc. (NASDAQ:ROKU) Receives $86.00 Consensus Target Price from Brokerages

Roku, Inc. (NASDAQ:ROKU) has been given a consensus rating of “Hold” by the twenty-four research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $86.00.

Several brokerages recently issued reports on ROKU. Citigroup decreased their price target on Roku from $110.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Roku in a research note on Wednesday, February 21st. Pivotal Research decreased their price objective on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Seaport Res Ptn lowered Roku from a “neutral” rating to a “sell” rating in a research note on Monday, December 18th. Finally, Wells Fargo & Company lowered Roku from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $77.00 to $51.00 in a research report on Tuesday, February 27th.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $90.50, for a total transaction of $2,262,500.00. Following the completion of the transaction, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $12,780,500.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $90.50, for a total value of $2,262,500.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $12,780,500.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen H. Kay sold 4,310 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the completion of the sale, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at approximately $5,148,208.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,338 shares of company stock valued at $6,613,024. Insiders own 13.63% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Quarry LP acquired a new position in Roku during the 2nd quarter valued at about $25,000. ICA Group Wealth Management LLC acquired a new stake in Roku in the fourth quarter worth approximately $25,000. GAMMA Investing LLC acquired a new position in shares of Roku during the 4th quarter valued at $27,000. LM Advisors LLC bought a new stake in shares of Roku in the 4th quarter worth $27,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Roku in the fourth quarter valued at $29,000. 86.30% of the stock is owned by institutional investors and hedge funds.

Roku Trading Down 1.5 %

Shares of NASDAQ ROKU opened at $64.19 on Friday. The company has a market cap of $9.21 billion, a price-to-earnings ratio of -12.79 and a beta of 1.66. Roku has a 12 month low of $51.62 and a 12 month high of $108.84. The stock has a 50-day moving average price of $74.36 and a two-hundred day moving average price of $80.00.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 15th. The company reported ($0.55) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.10. The firm had revenue of $984.40 million for the quarter, compared to analyst estimates of $967.72 million. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.70) EPS. On average, sell-side analysts predict that Roku will post -2.16 earnings per share for the current year.

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.