Roku Inc (NASDAQ:ROKU) Receives $127.28 Average PT from Brokerages

Shares of Roku Inc (NASDAQ:ROKU) have earned an average rating of “Buy” from the twenty-three brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $127.28.

Several equities research analysts have commented on the stock. Pivotal Research assumed coverage on shares of Roku in a research note on Friday, September 20th. They issued a “sell” rating and a $60.00 target price for the company. Morgan Stanley downgraded shares of Roku from an “equal weight” rating to an “underweight” rating and set a $110.00 target price for the company. in a research note on Monday, December 2nd. Wedbush reaffirmed a “hold” rating and issued a $105.00 target price on shares of Roku in a research note on Thursday, November 7th. Rosenblatt Securities upped their target price on shares of Roku from $134.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, SunTrust Banks upped their target price on shares of Roku from $63.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, September 9th. They noted that the move was a valuation call.

NASDAQ:ROKU traded up $1.55 during trading hours on Friday, hitting $147.09. The stock had a trading volume of 11,089,640 shares, compared to its average volume of 21,565,988. Roku has a one year low of $26.30 and a one year high of $176.55. The company has a market cap of $16.95 billion, a price-to-earnings ratio of -1,838.63 and a beta of 1.73. The business’s 50 day moving average is $145.66 and its 200-day moving average is $122.43.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.06. Roku had a negative net margin of 3.77% and a negative return on equity of 9.79%. The firm had revenue of $260.90 million during the quarter, compared to the consensus estimate of $257.64 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The business’s quarterly revenue was up 50.5% on a year-over-year basis. As a group, sell-side analysts expect that Roku will post -0.53 EPS for the current fiscal year.

In other news, Director Alan S. Henricks sold 5,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $130.08, for a total transaction of $650,400.00. Following the completion of the sale, the director now owns 10,222 shares of the company’s stock, valued at $1,329,677.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mai Fyfield sold 307 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.80, for a total transaction of $49,365.60. Following the sale, the director now directly owns 307 shares of the company’s stock, valued at approximately $49,365.60. The disclosure for this sale can be found here. Insiders have sold 288,775 shares of company stock valued at $40,690,465 in the last three months. 22.70% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in ROKU. First Trust Advisors LP grew its position in Roku by 19.8% in the first quarter. First Trust Advisors LP now owns 92,199 shares of the company’s stock valued at $5,948,000 after purchasing an additional 15,212 shares in the last quarter. James Investment Research Inc. grew its position in Roku by 68.4% in the second quarter. James Investment Research Inc. now owns 825 shares of the company’s stock valued at $75,000 after purchasing an additional 335 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Roku in the second quarter valued at $115,000. Virginia Retirement Systems ET AL bought a new position in Roku in the second quarter valued at $888,000. Finally, Regal Investment Advisors LLC bought a new position in Roku in the second quarter valued at $244,000. 53.06% of the stock is owned by institutional investors and hedge funds.

About Roku

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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