Roku, Inc. (NASDAQ:ROKU) Given Consensus Rating of “Hold” by Brokerages

Shares of Roku, Inc. (NASDAQ:ROKU) have earned an average recommendation of “Hold” from the twenty-seven brokerages that are presently covering the company, Marketbeat reports. Sixteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $153.7083.

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on Roku from $137.00 to $167.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Evercore downgraded Roku from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Benchmark raised their price objective on Roku from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 1st. KeyCorp downgraded Roku from an “overweight” rating to a “sector weight” rating in a report on Monday, June 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $160.00 target price (up from $150.00) on shares of Roku in a research report on Tuesday, June 16th.

Insider Buying and Selling at Roku

In other Roku news, CAO Matthew C. Banks sold 554 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $138.88, for a total transaction of $76,939.52. Following the transaction, the chief accounting officer directly owned 7,171 shares in the company, valued at $995,908.48. This represents a 7.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $140.65, for a total transaction of $281,300.00. Following the transaction, the director directly owned 9,629 shares of the company’s stock, valued at approximately $1,354,318.85. This represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 713,020 shares of company stock valued at $81,860,846. Corporate insiders own 13.45% of the company’s stock.

Hedge Funds Weigh In On Roku

Several large investors have recently modified their holdings of the stock. Raleigh Capital Management Inc. grew its stake in Roku by 6.5% in the first quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock worth $144,000 after purchasing an additional 93 shares in the last quarter. Apollon Wealth Management LLC raised its stake in Roku by 1.5% during the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after buying an additional 96 shares in the last quarter. Quantum Portfolio Management LLC raised its stake in Roku by 2.6% during the first quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock valued at $391,000 after buying an additional 105 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Roku by 3.7% during the 1st quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock worth $326,000 after buying an additional 122 shares during the last quarter. Finally, Quarry LP lifted its holdings in Roku by 21.7% during the 4th quarter. Quarry LP now owns 689 shares of the company’s stock worth $75,000 after buying an additional 123 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Trading Up 1.4%

ROKU opened at $142.43 on Friday. The company has a fifty day simple moving average of $127.74 and a 200 day simple moving average of $110.09. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of 107.09 and a beta of 2.01. Roku has a twelve month low of $78.53 and a twelve month high of $148.88.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.23. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. Roku had a net margin of 4.06% and a return on equity of 7.64%. The firm’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.19) EPS. On average, analysts forecast that Roku will post 2.41 earnings per share for the current fiscal year.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.