Roku Inc (ROKU) Given Average Rating of “Buy” by Brokerages

Shares of Roku Inc (NASDAQ:ROKU) have received an average recommendation of “Buy” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $65.46.

Several equities analysts recently issued reports on the company. KeyCorp cut their target price on Roku from $81.00 to $59.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 19th. Citigroup cut their target price on Roku from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, January 14th. BidaskClub raised Roku from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Loop Capital cut their target price on Roku to $40.00 and set a “hold” rating on the stock in a research report on Tuesday, January 15th. Finally, Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, January 9th.

In other Roku news, CEO Anthony J. Wood sold 35,000 shares of the stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $31.37, for a total transaction of $1,097,950.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Alan S. Henricks sold 5,000 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $64.83, for a total transaction of $324,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 429,320 shares of company stock worth $23,213,232 over the last ninety days. 0.55% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Roku by 72.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,747,875 shares of the company’s stock worth $346,737,000 after acquiring an additional 1,998,602 shares in the last quarter. Strs Ohio boosted its stake in shares of Roku by 3,687.9% during the 4th quarter. Strs Ohio now owns 125,000 shares of the company’s stock worth $3,830,000 after acquiring an additional 121,700 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Roku during the 3rd quarter worth about $3,164,000. Virtu Financial LLC purchased a new stake in shares of Roku during the 3rd quarter worth about $1,187,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Roku during the 4th quarter worth about $9,228,000. 43.00% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ ROKU opened at $64.51 on Monday. Roku has a 1 year low of $26.30 and a 1 year high of $77.57. The firm has a market capitalization of $7.10 billion, a P/E ratio of -806.38 and a beta of 3.90.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Roku had a negative return on equity of 4.06% and a negative net margin of 1.19%. The firm had revenue of $275.74 million for the quarter, compared to the consensus estimate of $262.57 million. Research analysts predict that Roku will post -0.71 earnings per share for the current year.

Roku Company Profile

Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Analyst Recommendations for Roku (NASDAQ:ROKU)

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