Jefferies Financial Group Begins Coverage on Roku (NASDAQ:ROKU)

Stock analysts at Jefferies Financial Group started coverage on shares of Roku (NASDAQ:ROKU) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage set an “underperform” rating and a $50.00 price target on the stock. Jefferies Financial Group’s price target indicates a potential downside of 15.44% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Pivotal Research lowered their target price on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, February 16th. Oppenheimer downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. Rosenblatt Securities restated a “neutral” rating and set a $89.00 price target on shares of Roku in a report on Friday, April 26th. Stephens reiterated an “overweight” rating and set a $105.00 price objective on shares of Roku in a report on Friday, February 16th. Finally, Seaport Res Ptn raised Roku from a “neutral” rating to a “buy” rating in a research note on Monday. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.50.

Roku Trading Up 2.5 %

ROKU stock opened at $59.13 on Thursday. Roku has a one year low of $51.62 and a one year high of $108.84. The firm has a 50-day moving average of $62.24 and a two-hundred day moving average of $78.31. The firm has a market capitalization of $8.49 billion, a PE ratio of -14.82 and a beta of 1.69.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.29. The business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.38) EPS. On average, equities research analysts anticipate that Roku will post -1.98 earnings per share for the current year.

Insider Activity at Roku

In related news, SVP Stephen H. Kay sold 4,310 shares of Roku 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 completion of the transaction, the senior vice president now directly owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Charles Collier sold 12,277 shares of Roku stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the completion of the sale, the insider now directly owns 4,292 shares of the company’s stock, valued at approximately $279,237.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen H. Kay sold 4,310 shares of the company’s stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at approximately $5,148,208.80. The disclosure for this sale can be found here. Insiders sold 54,545 shares of company stock valued at $4,364,035 in the last three months. Corporate insiders own 13.63% of the company’s stock.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Roku by 209.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 105,339 shares of the company’s stock valued at $7,436,000 after purchasing an additional 71,257 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Roku by 68.0% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,400 shares of the company’s stock valued at $2,075,000 after acquiring an additional 11,900 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Roku by 147.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 14,924 shares of the company’s stock valued at $1,053,000 after purchasing an additional 8,890 shares during the period. Raymond James & Associates increased its stake in Roku by 2.6% in the third quarter. Raymond James & Associates now owns 33,950 shares of the company’s stock valued at $2,397,000 after purchasing an additional 869 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Roku by 5.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 135,479 shares of the company’s stock worth $9,563,000 after purchasing an additional 6,996 shares during the period. 86.30% of the stock is owned by 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.