Roku (NASDAQ:ROKU)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $150.00 price target on the stock. Needham & Company LLC’s price objective indicates a potential upside of 23.01% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. Cannonball Research set a $105.00 target price on Roku and gave the stock a “buy” rating in a report on Wednesday, August 7th. BidaskClub upgraded Roku from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. CIBC lifted their target price on Roku from $79.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Rosenblatt Securities lifted their target price on Roku from $134.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Macquarie upgraded Roku from a “neutral” rating to an “outperform” rating and set a $130.00 target price for the company in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $120.48.
ROKU traded up $3.48 during trading hours on Thursday, reaching $121.94. The company’s stock had a trading volume of 19,209,400 shares, compared to its average volume of 14,366,427. Roku has a 52 week low of $26.30 and a 52 week high of $176.55. The firm has a market cap of $16.22 billion, a PE ratio of -1,524.25 and a beta of 1.77. The company’s 50-day moving average is $122.41 and its 200-day moving average is $110.52.
Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.06. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The company had revenue of $260.90 million during the quarter, compared to the consensus estimate of $257.64 million. During the same period last year, the company earned ($0.09) earnings per share. The firm’s revenue was up 50.5% compared to the same quarter last year. Analysts predict that Roku will post -0.5 EPS for the current year.
In other Roku news, SVP Mustafa Ozgen sold 9,989 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $164.79, for a total value of $1,646,087.31. Following the completion of the sale, the senior vice president now owns 9,989 shares of the company’s stock, valued at $1,646,087.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mai Fyfield sold 306 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $140.08, for a total value of $42,864.48. The disclosure for this sale can be found here. Insiders sold 180,419 shares of company stock valued at $24,801,276 in the last three months. Insiders own 22.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co raised its position in shares of Roku by 47.5% in the 3rd quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock worth $30,000 after acquiring an additional 95 shares in the last quarter. MCF Advisors LLC bought a new position in shares of Roku in the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC raised 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 worth $33,000 after acquiring an additional 120 shares in the last quarter. Executive Wealth Management LLC raised 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 worth $35,000 after acquiring an additional 322 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC bought a new position in shares of Roku in the 2nd quarter worth approximately $43,000. 52.94% of the stock is owned by hedge funds and other 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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