Roku (NASDAQ:ROKU) Earns “Market Outperform” Rating from Citizens Jmp

Roku (NASDAQ:ROKU)‘s stock had its “market outperform” rating reissued by research analysts at Citizens Jmp in a report issued on Tuesday,Benzinga reports. They currently have a $145.00 price target on the stock. Citizens Jmp’s target price indicates a potential upside of 55.95% from the stock’s previous close.

A number of other research firms also recently commented on ROKU. Morgan Stanley reiterated an “underweight” rating on shares of Roku in a research report on Friday, October 31st. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price target on shares of Roku in a research note on Thursday, October 2nd. JPMorgan Chase & Co. increased their price objective on shares of Roku from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Rosenblatt Securities lifted their target price on shares of Roku from $101.00 to $106.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Roku in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and a consensus price target of $112.68.

Roku Stock Down 5.4%

Shares of NASDAQ ROKU opened at $92.98 on Tuesday. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of -464.88 and a beta of 1.98. Roku has a 52 week low of $52.43 and a 52 week high of $116.66. The firm has a 50-day moving average price of $98.94 and a 200 day moving average price of $91.09.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, October 30th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the company posted ($0.06) earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. Equities research analysts expect that Roku will post -0.3 EPS for the current fiscal year.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 50,000 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $103.86, for a total transaction of $5,193,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mustafa Ozgen sold 50,527 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 491,195 shares of company stock valued at $51,517,886. Company insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently bought and sold shares of ROKU. Banque Transatlantique SA purchased a new position in Roku during the first quarter worth approximately $28,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Roku in the 1st quarter worth approximately $30,000. Westfuller Advisors LLC bought a new stake in shares of Roku in the 3rd quarter valued at approximately $30,000. Root Financial Partners LLC bought a new stake in shares of Roku in the 3rd quarter worth approximately $33,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after acquiring an additional 158 shares during the period. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Roku Company Profile

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.