Roku (NASDAQ:ROKU) Upgraded at UBS Group

Roku (NASDAQ:ROKU) was upgraded by investment analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $86.00 price target on shares of Roku in a report on Thursday, February 13th. Citigroup raised shares of Roku from a “neutral” rating to an “outperform” rating in a research note on Sunday, March 23rd. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and lifted their price target for the company from $65.00 to $125.00 in a research note on Friday, February 14th. Wedbush restated an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. Finally, Citizens Jmp upgraded Roku to a “strong-buy” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.55.

Roku Trading Down 4.7 %

Shares of Roku stock opened at $72.49 on Thursday. The stock’s fifty day simple moving average is $81.10 and its 200 day simple moving average is $77.59. The company has a market capitalization of $10.58 billion, a PE ratio of -81.45 and a beta of 2.12. Roku has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. Analysts predict that Roku will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. The trade was a 48.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles Collier sold 7,181 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total value of $561,913.25. Following the completion of the sale, the insider now owns 7,380 shares in the company, valued at approximately $577,485. This trade represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,908 shares of company stock valued at $8,633,436 over the last 90 days. 13.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ROKU. Farther Finance Advisors LLC lifted its position in Roku by 23.9% during the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock worth $47,000 after acquiring an additional 121 shares during the last quarter. United Advisor Group LLC boosted its stake in Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock valued at $1,073,000 after purchasing an additional 130 shares during the period. Cerity Partners LLC grew its holdings in Roku by 0.5% in the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock valued at $1,984,000 after buying an additional 145 shares in the last quarter. Richard W. Paul & Associates LLC increased its position in Roku by 1.1% during the 4th quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company’s stock worth $1,189,000 after buying an additional 177 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Roku by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 3,859 shares of the company’s stock worth $287,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

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.