Roku (NASDAQ:ROKU) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Roku (NASDAQ:ROKU) in a report published on Monday morning,Benzinga reports. JMP Securities currently has a $95.00 price target on the stock.

ROKU has been the subject of several other reports. JPMorgan Chase & Co. increased their price objective on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Roku in a research report on Tuesday, January 7th. Moffett Nathanson downgraded Roku from a “neutral” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research note on Friday, January 10th. Morgan Stanley raised their target price on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, Robert W. Baird upgraded shares of Roku from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $90.00 in a research report on Monday, November 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Roku Stock Up 1.9 %

ROKU stock opened at $81.65 on Monday. The company has a market capitalization of $11.86 billion, a P/E ratio of -68.04 and a beta of 2.05. The company has a 50-day simple moving average of $79.25 and a 200 day simple moving average of $72.42. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $99.80.

Insider Transactions at Roku

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the transaction, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $518,940.16. This represents a 54.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the sale, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at $4,916,625. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,885 shares of company stock valued at $5,712,912 over the last three months. 13.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares in the last quarter. 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 stake in Roku in the fourth quarter worth approximately $37,000. Future Financial Wealth Managment LLC acquired a new position in shares of Roku during the 3rd quarter worth $43,000. Finally, GS Investments Inc. raised its holdings in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

About Roku

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.