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

Shares of Roku, Inc. (NASDAQ:ROKU) have received a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $86.05.

Several analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Roku in a report on Friday. Oppenheimer cut Roku from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. Stephens reaffirmed an “overweight” rating and issued a $105.00 price objective on shares of Roku in a report on Friday, February 16th. Susquehanna lifted their price objective on Roku from $100.00 to $110.00 and gave the company a “positive” rating in a report on Friday, February 16th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $89.00 price objective on shares of Roku in a report on Friday.

Roku Trading Down 10.3 %

Shares of NASDAQ ROKU opened at $56.35 on Wednesday. The company has a market capitalization of $8.09 billion, a P/E ratio of -14.12 and a beta of 1.66. The stock has a 50 day moving average of $62.80 and a 200-day moving average of $78.57. Roku has a 12 month low of $51.62 and a 12 month high of $108.84.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted ($1.38) EPS. Analysts predict that Roku will post -2.12 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, SVP Stephen H. Kay sold 4,310 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the sale, the senior vice president now owns 81,459 shares in the company, valued at approximately $5,148,208.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Stephen H. Kay sold 4,310 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at approximately $5,148,208.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey M. Blackburn acquired 8,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $63.96 per share, for a total transaction of $511,680.00. Following the completion of the purchase, the director now directly owns 8,000 shares in the company, valued at $511,680. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 54,545 shares of company stock worth $4,364,035. Insiders own 13.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Roku by 85.9% in the third quarter. FMR LLC now owns 9,441,349 shares of the company’s stock worth $666,465,000 after purchasing an additional 4,363,754 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Roku by 24.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock worth $478,939,000 after purchasing an additional 1,457,925 shares during the last quarter. Norges Bank purchased a new stake in shares of Roku in the fourth quarter worth approximately $90,386,000. Lord Abbett & CO. LLC purchased a new stake in shares of Roku in the third quarter worth approximately $55,182,000. Finally, Wellington Management Group LLP raised its stake in shares of Roku by 34.6% in the third quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock worth $179,516,000 after purchasing an additional 653,940 shares during the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

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.