Roku (ROKU) – Investment Analysts’ Weekly Ratings Updates

Share on StockTwits

Several analysts have recently updated their ratings and price targets for Roku (NASDAQ: ROKU):

  • 12/3/2019 – Roku had its price target raised by analysts at Needham & Company LLC from $150.00 to $200.00. They now have a “buy” rating on the stock.
  • 12/2/2019 – Roku was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $110.00 price target on the stock.
  • 11/22/2019 – Roku had its price target raised by analysts at Macquarie from $130.00 to $170.00. They now have an “outperform” rating on the stock.
  • 11/15/2019 – Roku had its price target raised by analysts at Bank of America Corp from $150.00 to $160.00. They now have a “buy” rating on the stock.
  • 11/7/2019 – Roku had its price target raised by analysts at Royal Bank of Canada from $155.00 to $160.00. They now have an “outperform” rating on the stock.
  • 11/7/2019 – Roku had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $105.00 price target on the stock.
  • 11/7/2019 – Roku had its price target lowered by analysts at Guggenheim from $170.00 to $150.00. They now have a “buy” rating on the stock.
  • 11/7/2019 – Roku had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $150.00 price target on the stock.
  • 11/5/2019 – Roku had its price target raised by analysts at Rosenblatt Securities from $134.00 to $159.00. They now have a “buy” rating on the stock.
  • 10/31/2019 – Roku had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $105.00 price target on the stock.
  • 10/28/2019 – Roku is now covered by analysts at Bank of America Corp. They set a “buy” rating and a $154.00 price target on the stock.
  • 10/10/2019 – Roku was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $155.00 price target on the stock, up previously from $107.00.
  • 10/9/2019 – Roku was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $122.00 price target on the stock. According to Zacks, “Roku, Inc. is involved in creating streaming platform for delivering entertainment to the television. The Company’s products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones. It operates primarily in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France. Roku, Inc. is based in SARATOGA, United States. “
  • 10/9/2019 – Roku was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $130.00 price target on the stock.

NASDAQ:ROKU traded down $4.08 during mid-day trading on Friday, reaching $144.26. The company’s stock had a trading volume of 15,720,040 shares, compared to its average volume of 15,034,023. The company’s fifty day simple moving average is $144.68 and its two-hundred day simple moving average is $121.23. Roku Inc has a twelve month low of $26.30 and a twelve month high of $176.55. The stock has a market cap of $18.85 billion, a P/E ratio of -1,803.25 and a beta of 1.73.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.06. The company had revenue of $260.90 million during the quarter, compared to the consensus estimate of $257.64 million. Roku had a negative net margin of 3.77% and a negative return on equity of 9.79%. The company’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.09) EPS. On average, equities analysts predict that Roku Inc will post -0.52 earnings per share for the current fiscal year.

In other news, CEO Anthony J. Wood sold 35,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $136.86, for a total transaction of $4,790,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan S. Henricks sold 5,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $130.08, for a total value of $650,400.00. Following the completion of the transaction, the director now directly owns 10,222 shares in the company, valued at $1,329,677.76. The disclosure for this sale can be found here. Insiders sold 288,775 shares of company stock worth $40,690,465 over the last three months. Corporate insiders own 22.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ROKU. CENTRAL TRUST Co raised its holdings in shares of Roku by 47.5% in the 3rd quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares during the period. Integrated Investment Consultants LLC raised its holdings in Roku by 4.9% in the third quarter. Integrated Investment Consultants LLC now owns 2,496 shares of the company’s stock valued at $254,000 after buying an additional 116 shares during the period. Catalyst Capital Advisors LLC raised its holdings in Roku by 59.4% in the third quarter. Catalyst Capital Advisors LLC now owns 322 shares of the company’s stock valued at $33,000 after buying an additional 120 shares during the period. World Asset Management Inc lifted its position in Roku by 6.1% during the third quarter. World Asset Management Inc now owns 2,857 shares of the company’s stock valued at $291,000 after buying an additional 163 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Roku by 0.7% during the third quarter. Commonwealth Equity Services LLC now owns 23,359 shares of the company’s stock valued at $2,377,000 after buying an additional 167 shares in the last quarter. 53.06% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: Analyst Ratings

Receive News & Ratings for Roku Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.