Roku (NASDAQ:ROKU) Receives “Neutral” Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their neutral rating on shares of Roku (NASDAQ:ROKU) in a research report report published on Thursday,Benzinga reports. Rosenblatt Securities currently has a $86.00 price objective on the stock.

A number of other equities analysts also recently weighed in on the stock. UBS Group started coverage on shares of Roku in a research note on Friday, November 22nd. They set a “neutral” rating and a $73.00 target price for the company. Wells Fargo & Company lifted their price objective on Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Citizens Jmp raised Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Loop Capital boosted their price target on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.18.

Roku Trading Up 2.4 %

NASDAQ ROKU opened at $86.80 on Thursday. The firm has a market capitalization of $12.60 billion, a PE ratio of -72.33 and a beta of 2.05. The business’s 50-day moving average price is $80.17 and its two-hundred day moving average price is $73.28. Roku has a 12 month low of $48.33 and a 12 month high of $95.17.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. As a group, analysts forecast that Roku will post -1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the sale, the insider now owns 3,790 shares in the company, valued at approximately $269,620.60. This represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $87.93, for a total value of $2,198,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,333,486.34. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,885 shares of company stock worth $7,911,162 in the last quarter. Insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in Roku in the 4th quarter valued at about $30,000. Raelipskie Partnership bought a new position in shares of Roku during the 3rd quarter worth approximately $32,000. Game Plan Financial Advisors LLC purchased a new position in shares of Roku in the 4th quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after acquiring an additional 491 shares in the last quarter. 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.