Moffett Nathanson Upgrades Roku (NASDAQ:ROKU) to “Neutral”

Roku (NASDAQ:ROKU) was upgraded by investment analysts at Moffett Nathanson from a “sell” rating to a “neutral” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a $70.00 price objective on the stock. Moffett Nathanson’s target price suggests a potential downside of 12.78% from the company’s current price.

Several other analysts also recently weighed in on the company. Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Jefferies Financial Group upgraded shares of Roku from an “underperform” rating to a “hold” rating and raised their price target for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. Bank of America upped their price objective on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Roku in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.71.

Roku Stock Down 3.9 %

Shares of NASDAQ ROKU opened at $80.26 on Tuesday. The business’s 50 day moving average price is $82.17 and its two-hundred day moving average price is $76.51. The company has a market cap of $11.71 billion, a PE ratio of -90.18 and a beta of 2.05. Roku has a twelve month low of $48.33 and a twelve month high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, research analysts anticipate that Roku will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. This represents a 48.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the sale, the chief financial officer now owns 63,555 shares of the company’s stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,221 shares of company stock valued at $9,647,087 over the last quarter. Insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ROKU. Geneos Wealth Management Inc. raised its holdings in shares of Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 270 shares during the period. Vision Financial Markets LLC bought a new position in Roku in the fourth quarter worth approximately $30,000. Raelipskie Partnership acquired a new stake in Roku in the third quarter valued at approximately $32,000. Game Plan Financial Advisors LLC bought a new position in shares of Roku in the 4th quarter worth $37,000. Finally, Harvest Fund Management Co. Ltd increased its stake in Roku by 4,091.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after purchasing an additional 491 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

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.