Roku Inc (NASDAQ:ROKU) Receives Average Recommendation of “Buy” from Analysts

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Shares of Roku Inc (NASDAQ:ROKU) have received an average rating of “Buy” from the twenty-one ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $81.61.

Several brokerages have weighed in on ROKU. DA Davidson boosted their price objective on Roku to $80.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Wedbush reissued a “neutral” rating and set a $55.00 price objective on shares of Roku in a report on Monday, April 29th. SunTrust Banks boosted their price objective on Roku to $63.00 and gave the stock a “hold” rating in a report on Wednesday, March 13th. They noted that the move was a valuation call. Susquehanna Bancshares began coverage on Roku in a report on Monday, April 22nd. They set a “positive” rating and a $80.00 price objective for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $85.00 price objective (up from $65.00) on shares of Roku in a report on Thursday, March 14th.

NASDAQ ROKU traded down $1.70 on Friday, hitting $104.79. 146,097 shares of the company were exchanged, compared to its average volume of 11,330,458. The company has a market cap of $11.84 billion, a price-to-earnings ratio of -1,310.12 and a beta of 2.43. Roku has a 1-year low of $26.30 and a 1-year high of $106.55.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.15. The business had revenue of $206.70 million for the quarter, compared to the consensus estimate of $189.80 million. Roku had a negative net margin of 1.47% and a negative return on equity of 4.60%. The firm’s quarterly revenue was up 51.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. On average, research analysts predict that Roku will post -0.6 earnings per share for the current year.

In other news, Director Alan S. Henricks sold 6,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $90.00, for a total value of $540,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray A. Rothrock sold 50,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $103.89, for a total value of $5,194,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 718,053 shares of company stock valued at $68,033,088. 22.70% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Roku by 100.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Roku by 0.6% in the 1st quarter. Rhumbline Advisers now owns 55,926 shares of the company’s stock valued at $3,608,000 after acquiring an additional 340 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of Roku by 37.6% in the 1st quarter. Capital Investment Advisory Services LLC now owns 1,554 shares of the company’s stock valued at $100,000 after acquiring an additional 425 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Roku in the 1st quarter valued at about $32,000. Finally, CWM LLC bought a new stake in shares of Roku in the 1st quarter valued at about $32,000. 50.49% of the stock is owned by institutional investors.

About Roku

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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Analyst Recommendations for Roku (NASDAQ:ROKU)

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