Needham & Company LLC reissued their buy rating on shares of Roku (NASDAQ:ROKU) in a research report sent to investors on Thursday, AnalystRatings.com reports. Needham & Company LLC currently has a $150.00 price target on the stock.
A number of other equities analysts have also recently issued reports on ROKU. ValuEngine cut Roku from a sell rating to a strong sell rating in a report on Wednesday, October 2nd. Vertical Group upgraded Roku from a mixed rating to a positive rating in a report on Wednesday, August 7th. Oppenheimer lifted their price objective on Roku from $120.00 to $155.00 and gave the company an outperform rating in a report on Friday, September 20th. Macquarie upgraded Roku from a neutral rating to an outperform rating and set a $130.00 price objective on the stock in a report on Wednesday, October 9th. Finally, Bank of America initiated coverage on Roku in a report on Monday, October 28th. They set a buy rating and a $154.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Roku presently has an average rating of Buy and an average price target of $120.48.
Shares of NASDAQ:ROKU traded up $3.48 during midday trading on Thursday, reaching $121.94. The company’s stock had a trading volume of 19,209,400 shares, compared to its average volume of 14,366,427. Roku has a fifty-two week low of $26.30 and a fifty-two week high of $176.55. The company has a market capitalization of $16.22 billion, a P/E ratio of -1,524.25 and a beta of 1.77. The business’s fifty day simple moving average is $122.41 and its 200-day simple moving average is $110.52.
Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.06. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The firm had revenue of $260.90 million for the quarter, compared to analysts’ expectations of $257.64 million. During the same quarter last year, the business earned ($0.09) earnings per share. The company’s revenue was up 50.5% compared to the same quarter last year. Equities analysts predict that Roku will post -0.5 earnings per share for the current year.
In other Roku news, CEO Anthony J. Wood sold 35,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $102.94, for a total value of $3,602,900.00. Also, SVP Stephen H. Kay sold 22,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $133.03, for a total value of $2,926,660.00. In the last ninety days, insiders sold 180,419 shares of company stock valued at $24,801,276. Insiders own 22.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co increased its stake in shares of Roku by 47.5% in the third quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock valued at $30,000 after buying an additional 95 shares during the period. MCF Advisors LLC acquired a new stake in shares of Roku in the third quarter valued at about $31,000. Catalyst Capital Advisors LLC increased its stake in shares of 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. Executive Wealth Management LLC increased its stake in shares of Roku by 1,110.3% in the third quarter. Executive Wealth Management LLC now owns 351 shares of the company’s stock valued at $35,000 after buying an additional 322 shares during the period. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in shares of Roku in the second quarter valued at about $43,000. 52.94% of the stock is owned by institutional investors and hedge funds.
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.
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