Roku (ROKU) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of Roku (NASDAQ:ROKU) from a strong sell rating to a sell rating in a research report report published on Monday morning.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Roku from a hold rating to a buy rating and set a $53.00 target price for the company in a research note on Wednesday, January 10th. Royal Bank of Canada increased their target price on Roku to $45.00 and gave the stock a sector perform rating in a research note on Thursday, February 22nd. Vetr downgraded Roku from a strong-buy rating to a hold rating and set a $47.12 target price for the company. in a research note on Thursday, February 8th. Morgan Stanley reissued an underweight rating and set a $32.00 target price (up from $30.00) on shares of Roku in a research note on Thursday, February 22nd. Finally, Citigroup increased their target price on Roku from $28.00 to $33.00 and gave the stock a sell rating in a research note on Thursday, February 22nd. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $40.36.

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Shares of ROKU stock opened at $31.76 on Monday. Roku has a 12-month low of $15.75 and a 12-month high of $58.80.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, February 21st. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.17. The business had revenue of $188.30 million for the quarter, compared to analysts’ expectations of $182.54 million. Roku’s revenue for the quarter was up 27.8% on a year-over-year basis. equities research analysts predict that Roku will post -0.47 earnings per share for the current fiscal year.

In related news, major shareholder Globespan Capital Partners V. L sold 1,596,131 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $32.99, for a total value of $52,656,361.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Chas Smith sold 120,000 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $33.34, for a total value of $4,000,800.00. The disclosure for this sale can be found here. Insiders sold a total of 1,777,131 shares of company stock valued at $58,524,942 over the last ninety days.

Large investors have recently made changes to their positions in the business. Dragoneer Investment Group LLC acquired a new stake in Roku during the 3rd quarter valued at $9,554,000. Jane Street Group LLC acquired a new stake in Roku during the 3rd quarter valued at $3,784,000. Pier Capital LLC acquired a new stake in Roku during the 3rd quarter valued at $1,454,000. IFC Holdings Incorporated FL acquired a new stake in Roku during the 4th quarter valued at $517,000. Finally, Wasatch Advisors Inc. acquired a new stake in Roku during the 4th quarter valued at $2,589,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

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Roku Company Profile

Roku, Inc operates television streaming platform. The Company connects users to streaming content, enables content publishers to build and monetize audiences and provides advertisers with capabilities to engage consumers. Its Roku platform allows users to personalize their content selection with cable television replacement offerings and other streaming services that suit their budget and needs.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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