JMP Securities Reiterates “Market Outperform” Rating for Roku (NASDAQ:ROKU)

Roku (NASDAQ:ROKU)‘s stock had its “market outperform” rating reissued by analysts at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $95.00 target price on the stock. JMP Securities’ price target would indicate a potential upside of 18.29% from the company’s previous close.

A number of other equities analysts also recently issued reports on ROKU. Wedbush reissued an “outperform” rating and set a $100.00 target price on shares of Roku in a research note on Wednesday, January 8th. Rosenblatt Securities increased their price objective on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Morgan Stanley boosted their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Jefferies Financial Group lowered their price target on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.18.

Roku Trading Down 3.0 %

Roku stock opened at $80.31 on Monday. The stock has a 50 day moving average of $78.48 and a two-hundred day moving average of $72.12. Roku has a twelve month low of $48.33 and a twelve month high of $99.80. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of -66.75 and a beta of 2.05.

Insiders Place Their Bets

In other news, insider Charles Collier sold 10,771 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the sale, the insider now directly owns 3,790 shares of the company’s stock, valued at $269,620.60. The trade was a 73.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $77.18, for a total value of $77,180.00. Following the completion of the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at $4,905,174.90. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,885 shares of company stock valued at $5,712,912. Company insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. Handelsbanken Fonder AB grew its stake in Roku by 15.0% during the fourth quarter. Handelsbanken Fonder AB now owns 34,600 shares of the company’s stock worth $2,572,000 after buying an additional 4,500 shares during the period. Ieq Capital LLC lifted its holdings in shares of Roku by 18.3% during the 4th quarter. Ieq Capital LLC now owns 12,846 shares of the company’s stock valued at $955,000 after acquiring an additional 1,990 shares in the last quarter. Private Advisor Group LLC boosted its position in Roku by 29.1% during the 4th quarter. Private Advisor Group LLC now owns 23,679 shares of the company’s stock worth $1,760,000 after purchasing an additional 5,332 shares during the period. Global Retirement Partners LLC increased its holdings in Roku by 591.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,311 shares of the company’s stock valued at $172,000 after purchasing an additional 1,977 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Roku in the 4th quarter valued at $233,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.