Several other brokerages also recently weighed in on ROKU. Wedbush set a $18.00 price target on Catabasis Pharmaceuticals and gave the company a buy rating in a report on Monday, June 24th. Guggenheim downgraded Inflarx from a buy rating to a neutral rating and reduced their price target for the company from $65.00 to $6.00 in a report on Wednesday, June 5th. Rosenblatt Securities restated a neutral rating on shares of Roku in a report on Thursday, May 9th. Royal Bank of Canada downgraded Roku from an outperform rating to a sector perform rating and set a $90.00 price objective for the company. in a report on Monday, July 1st. They noted that the move was a valuation call. Finally, ValuEngine downgraded Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $82.87.
Shares of NASDAQ:ROKU opened at $102.47 on Thursday. Roku has a 1-year low of $26.30 and a 1-year high of $108.32. The firm’s fifty day moving average is $98.01. The company has a market capitalization of $11.62 billion, a P/E ratio of -1,280.88 and a beta of 2.03.
Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.15. Roku had a negative return on equity of 4.60% and a negative net margin of 1.47%. The firm had revenue of $206.70 million during the quarter, compared to the consensus estimate of $189.80 million. During the same period last year, the company earned ($0.07) earnings per share. The company’s revenue was up 51.3% on a year-over-year basis. Sell-side analysts anticipate that Roku will post -0.57 earnings per share for the current fiscal year.
In related news, Director Jeff Hastings sold 6,000 shares of Roku stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $56.20, for a total value of $337,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 400,000 shares of Roku stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $103.35, for a total value of $41,340,000.00. The disclosure for this sale can be found here. Insiders sold a total of 712,733 shares of company stock valued at $68,805,142 over the last quarter. 22.70% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Wealth Architects LLC purchased a new position in shares of Roku during the 2nd quarter valued at about $871,000. Xact Kapitalforvaltning AB lifted its position in shares of Roku by 20.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 11,100 shares of the company’s stock valued at $1,005,000 after buying an additional 1,900 shares in the last quarter. Spence Asset Management lifted its position in shares of Roku by 3.1% during the 2nd quarter. Spence Asset Management now owns 112,623 shares of the company’s stock valued at $10,201,000 after buying an additional 3,345 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Roku by 19.8% during the 1st quarter. First Trust Advisors LP now owns 92,199 shares of the company’s stock valued at $5,948,000 after buying an additional 15,212 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Roku by 12.1% during the 1st quarter. FMR LLC now owns 7,108,246 shares of the company’s stock valued at $458,553,000 after buying an additional 767,418 shares in the last quarter. 50.49% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Story: Institutional Investors
Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.