Analysts’ Recent Ratings Changes for Roku (ROKU)

A number of firms have modified their ratings and price targets on shares of Roku (NASDAQ: ROKU) recently:

  • 10/10/2019 – Roku was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $155.00 price target on the stock, up previously from $107.00.
  • 10/9/2019 – Roku was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $122.00 price target on the stock. According to Zacks, “Roku, Inc. is involved in creating streaming platform for delivering entertainment to the television. The Company’s products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones. It operates primarily in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France. Roku, Inc. is based in SARATOGA, United States. “
  • 10/9/2019 – Roku was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $130.00 price target on the stock.
  • 10/2/2019 – Roku was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/20/2019 – Roku is now covered by analysts at Pivotal Research. They set a “sell” rating and a $60.00 price target on the stock. They wrote, “We value ROKU using a DCF (9%, 17X ’25 EBITDA/3X revenue) to arrive at a $60 YE’20 target price.””
  • 9/20/2019 – Roku had its price target raised by analysts at Oppenheimer Holdings Inc. from $120.00 to $155.00. They now have an “outperform” rating on the stock.
  • 9/18/2019 – Roku was given a new $134.00 price target on by analysts at Rosenblatt Securities. They now have a “buy” rating on the stock.
  • 9/18/2019 – Roku had its price target raised by analysts at Guggenheim from $119.00 to $170.00. They now have a “buy” rating on the stock.
  • 9/9/2019 – Roku had its price target raised by analysts at SunTrust Banks, Inc. from $63.00 to $160.00. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/9/2019 – Roku was given a new $120.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 9/6/2019 – Roku was given a new $150.00 price target on by analysts at Needham & Company LLC. They now have a “buy” rating on the stock.
  • 9/4/2019 – Roku had its price target raised by analysts at DA Davidson from $135.00 to $185.00. They now have a “buy” rating on the stock.
  • 8/28/2019 – Roku was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of ROKU traded down $1.26 during mid-day trading on Monday, reaching $120.34. The company had a trading volume of 7,310,066 shares, compared to its average volume of 22,993,108. Roku Inc has a 52-week low of $26.30 and a 52-week high of $176.55. The stock has a market capitalization of $13.50 billion, a P/E ratio of -1,504.25 and a beta of 1.68. The stock has a 50 day moving average of $130.80 and a two-hundred day moving average of $100.30.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.14. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The firm had revenue of $250.10 million for the quarter, compared to the consensus estimate of $223.36 million. The company’s revenue was up 59.5% compared to the same quarter last year. Analysts anticipate that Roku Inc will post -0.5 earnings per share for the current year.

In related news, VP Scott A. Rosenberg sold 3,356 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was 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 approximately $5,308,079.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 35,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $102.94, for a total value of $3,602,900.00. Insiders sold a total of 180,419 shares of company stock valued at $23,162,426 in the last ninety days. 22.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new position in shares of Roku during the third quarter valued at approximately $48,000. Gulf International Bank UK Ltd acquired a new stake in shares of Roku in the third quarter valued at $1,980,000. Macquarie Group Ltd. acquired a new stake in shares of Roku during the second quarter worth about $1,453,000. Rehmann Capital Advisory Group increased its position in shares of Roku by 24.0% during the second quarter. Rehmann Capital Advisory Group now owns 5,469 shares of the company’s stock worth $495,000 after purchasing an additional 1,057 shares in the last quarter. Finally, Treasurer of the State of North Carolina acquired a new stake in shares of Roku during the second quarter worth about $4,234,000. 52.58% of the stock is owned by institutional investors.

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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