Roku (NASDAQ:ROKU)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a research note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $150.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 23.01% from the stock’s current price.
ROKU has been the subject of a number of other research reports. Vertical Group upgraded shares of Roku from a “mixed” rating to a “positive” rating in a research report on Wednesday, August 7th. Stephens upgraded shares of Roku from an “equal” rating to an “overweight” rating and lifted their target price for the stock from $84.00 to $120.00 in a research report on Thursday, August 8th. Cannonball Research set a $105.00 target price on shares of Roku and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Oppenheimer lifted their target price on shares of Roku from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Finally, DA Davidson lifted their target price on shares of Roku from $135.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Four analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $120.48.
Shares of ROKU traded up $3.48 during midday trading on Thursday, reaching $121.94. The stock had a trading volume of 19,209,400 shares, compared to its average volume of 14,366,427. The company has a market cap of $16.22 billion, a price-to-earnings ratio of -1,524.25 and a beta of 1.77. Roku has a 1-year low of $26.30 and a 1-year high of $176.55. The company’s fifty day simple moving average is $122.41 and its two-hundred day simple moving average is $110.52.
Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.06. The company had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $257.64 million. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) earnings per share. Research analysts expect that Roku will post -0.5 earnings per share for the current year.
In other news, VP Scott A. Rosenberg sold 3,356 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $164.51, for a total value of $552,095.56. Following the completion of the transaction, the vice president now owns 32,266 shares of the company’s stock, valued at $5,308,079.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.06, for a total transaction of $5,427,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 180,419 shares of company stock valued at $24,801,276. Company insiders own 22.70% of the company’s stock.
Large investors have recently bought and sold shares of the company. CENTRAL TRUST Co grew its position in Roku by 47.5% in the 3rd quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock valued at $30,000 after buying an additional 95 shares in the last quarter. MCF Advisors LLC acquired a new position in shares of Roku in the 3rd quarter valued at approximately $31,000. Catalyst Capital Advisors LLC grew its position in shares of Roku by 59.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Executive Wealth Management LLC grew its position in shares of Roku by 1,110.3% in the 3rd quarter. Executive Wealth Management LLC now owns 351 shares of the company’s stock valued at $35,000 after purchasing an additional 322 shares during the period. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of Roku in the 2nd quarter valued at approximately $43,000. 52.94% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Diluted Earnings Per Share
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