Roku’s (ROKU) “Buy” Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Roku (NASDAQ:ROKU) in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a $130.00 target price on the stock.

Several other brokerages have also issued reports on ROKU. Jefferies Financial Group raised Roku from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $55.00 to $100.00 in a report on Thursday, February 20th. Compass Point started coverage on Roku in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $88.50 price objective on shares of Roku in a research note on Monday, April 14th. Rosenblatt Securities restated a “neutral” rating and set a $86.00 target price on shares of Roku in a research report on Thursday, February 13th. Finally, Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Roku presently has an average rating of “Moderate Buy” and an average target price of $92.37.

Roku Stock Performance

NASDAQ:ROKU opened at $62.65 on Monday. Roku has a 1 year low of $48.33 and a 1 year high of $104.96. The stock has a market cap of $9.14 billion, a P/E ratio of -70.39 and a beta of 2.17. The stock has a 50-day simple moving average of $72.28 and a 200-day simple moving average of $75.72.

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

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 5,000 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $100.40, for a total transaction of $502,000.00. Following the sale, the chief financial officer now directly owns 58,555 shares in the company, valued at approximately $5,878,922. The trade was a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $87.93, for a total value of $2,198,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,333,486.34. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,905 shares of company stock valued at $6,560,876. Corporate insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

A number of large investors have recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. lifted its holdings in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 270 shares in the last quarter. Garde Capital Inc. acquired a new stake in Roku during the 1st quarter valued at $25,000. Vision Financial Markets LLC purchased a new position in Roku during the fourth quarter worth $30,000. Golden State Wealth Management LLC raised its holdings in shares of Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock worth $31,000 after acquiring an additional 247 shares during the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Roku in the first quarter valued at $35,000. 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.