Roku (NASDAQ:ROKU) Receives New Coverage from Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Roku (NASDAQ:ROKU) in a report released on Thursday, Marketbeat.com reports. The brokerage issued an underperform rating and a $50.00 target price on the stock.

Several other brokerages have also weighed in on ROKU. Seaport Res Ptn raised Roku from a neutral rating to a buy rating in a report on Monday, April 29th. Susquehanna decreased their target price on Roku from $110.00 to $80.00 and set a positive rating for the company in a research note on Monday, April 29th. 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. Benchmark decreased their target price on Roku from $115.00 to $105.00 and set a buy rating for the company in a research note on Friday, April 26th. Finally, Piper Sandler restated a neutral rating and issued a $65.00 target price (down from $81.00) on shares of Roku in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Roku currently has a consensus rating of Hold and an average price target of $82.50.

Roku Trading Down 1.4 %

Roku stock traded down $0.84 during midday trading on Thursday, hitting $59.11. The stock had a trading volume of 3,904,550 shares, compared to its average volume of 4,960,037. The stock has a market cap of $8.48 billion, a P/E ratio of -14.81 and a beta of 1.69. Roku has a 12 month low of $51.62 and a 12 month high of $108.84. The business has a fifty day moving average price of $62.07 and a 200 day moving average price of $78.13.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.29. The firm had revenue of $881.50 million during the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. Roku’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company earned ($1.38) earnings per share. On average, equities analysts anticipate that Roku will post -1.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Roku news, SVP Stephen H. Kay sold 4,310 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the transaction, the senior vice president now owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the transaction, the chief executive officer now directly owns 141,221 shares in the company, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. Insiders have sold a total of 54,751 shares of company stock valued at $4,375,835 over the last quarter. Corporate insiders own 13.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Roku by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock valued at $1,086,533,000 after buying an additional 380,409 shares in the last quarter. FMR LLC raised its stake in Roku by 85.9% during the 3rd quarter. FMR LLC now owns 9,441,349 shares of the company’s stock valued at $666,465,000 after purchasing an additional 4,363,754 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Roku by 24.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock valued at $478,939,000 after purchasing an additional 1,457,925 shares during the period. Nikko Asset Management Americas Inc. raised its stake in Roku by 25.8% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock valued at $462,108,000 after purchasing an additional 1,455,408 shares during the period. Finally, Wellington Management Group LLP raised its stake in Roku by 34.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock valued at $179,516,000 after purchasing an additional 653,940 shares during the period. Institutional investors own 86.30% of the company’s stock.

Roku Company Profile

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.