Zacks Investment Research upgraded shares of Roku (NASDAQ:ROKU) from a hold rating to a buy rating in a research report report published on Tuesday. The firm currently has $40.00 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. “
Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded Roku from a hold rating to a buy rating in a report on Saturday, February 17th. Vetr cut Roku from a strong-buy rating to a buy rating and set a $47.93 price objective for the company. in a report on Monday, January 29th. Loop Capital started coverage on Roku in a report on Thursday, April 19th. They issued a hold rating and a $30.00 price objective for the company. Oppenheimer upgraded Roku from an underperform rating to a market perform rating in a report on Tuesday, March 20th. Finally, Citigroup upgraded Roku from a sell rating to a neutral rating in a report on Tuesday, March 20th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $38.25.
Roku opened at $35.99 on Tuesday, according to MarketBeat.com. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $58.80. The company has a market capitalization of $3.39 billion and a price-to-earnings ratio of -16.07.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, May 9th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.08. The business had revenue of $136.58 million during the quarter, compared to analysts’ expectations of $127.55 million. During the same quarter last year, the business posted ($1.79) EPS. The company’s quarterly revenue was up 36.5% compared to the same quarter last year. sell-side analysts forecast that Roku will post -0.34 earnings per share for the current year.
In other news, VP Scott A. Rosenberg sold 25,000 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $30.46, for a total value of $761,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan S. Henricks sold 6,667 shares of the stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $35.46, for a total value of $236,411.82. The disclosure for this sale can be found here. Insiders sold a total of 1,907,070 shares of company stock valued at $62,715,374 in the last three months. Corporate insiders own 0.55% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ROKU. Creative Planning bought a new position in Roku during the 4th quarter valued at approximately $574,000. Schwab Charles Investment Management Inc. bought a new position in Roku during the 4th quarter valued at approximately $2,847,000. IFC Holdings Incorporated FL bought a new position in Roku during the 4th quarter valued at approximately $517,000. Gilder Gagnon Howe & Co. LLC increased its position in Roku by 16.1% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 521,507 shares of the company’s stock valued at $27,004,000 after buying an additional 72,375 shares in the last quarter. Finally, Taylor Wealth Management Partners increased its position in Roku by 24.7% during the 4th quarter. Taylor Wealth Management Partners now owns 156,393 shares of the company’s stock valued at $8,098,000 after buying an additional 31,018 shares in the last quarter. 16.17% of the stock is owned by institutional investors.
Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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