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

Shares of Roku, Inc. (NASDAQ:ROKU) have been given a consensus rating of “Hold” by the twenty-two brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $82.50.

Several brokerages recently issued reports on ROKU. Benchmark reissued a “buy” rating and set a $105.00 price target on shares of Roku in a report on Wednesday, July 10th. Seaport Res Ptn upgraded Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Wedbush reaffirmed an “outperform” rating and set a $75.00 price target on shares of Roku in a report on Thursday, June 27th. Susquehanna reduced their price objective on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research note on Monday, April 29th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $89.00 target price on shares of Roku in a research note on Friday, April 26th.

Roku Price Performance

Shares of ROKU opened at $61.32 on Monday. Roku has a 1 year low of $51.51 and a 1 year high of $108.84. The stock has a 50 day simple moving average of $58.39 and a 200-day simple moving average of $68.08.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm had revenue of $881.50 million during the quarter, compared to analyst estimates of $843.54 million. During the same period in the prior year, the company posted ($1.38) earnings per share. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, research analysts forecast that Roku will post -1.94 earnings per share for the current year.

Insider Activity

In related news, SVP Stephen H. Kay sold 12,124 shares of Roku stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total transaction of $673,973.16. Following the completion of the sale, the senior vice president now directly owns 91,905 shares of the company’s stock, valued at $5,108,998.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Stephen H. Kay sold 12,124 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $55.59, for a total value of $673,973.16. Following the completion of the sale, the senior vice president now owns 91,905 shares in the company, valued at approximately $5,108,998.95. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles Collier sold 7,181 shares of Roku stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $57.03, for a total value of $409,532.43. Following the transaction, the insider now owns 15,654 shares in the company, valued at $892,747.62. The disclosure for this sale can be found here. Insiders have sold a total of 23,691 shares of company stock valued at $1,334,455 in the last 90 days. 13.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Roku

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in shares of Roku in the fourth quarter valued at about $27,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Roku during the 4th quarter worth approximately $29,000. Federated Hermes Inc. bought a new stake in shares of Roku during the 3rd quarter worth approximately $37,000. Quarry LP boosted its holdings in shares of Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 266 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Roku by 43.5% in the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after buying an additional 187 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

About Roku

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.