Several other analysts have also recently issued reports on ROKU. Jefferies Financial Group raised shares of Roku from an "underperform" rating to a "hold" rating and upped their price objective for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and set a $88.50 target price on shares of Roku in a report on Monday, May 12th. Citigroup dropped their price target on Roku from $81.00 to $68.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. UBS Group reduced their price objective on Roku from $90.00 to $72.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, FBN Securities assumed coverage on Roku in a research note on Friday, March 28th. They set an "outperform" rating and a $93.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roku has a consensus rating of "Moderate Buy" and an average price target of $88.37.
Read Our Latest Report on Roku
In other news, insider here. Insiders have sold a total of 38,823 shares of company stock valued at $2,908,615 over the last quarter. 13.98% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in shares of Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock worth $47,000 after acquiring an additional 121 shares in the last quarter. United Advisor Group LLC raised its stake in Roku by 0.9% during the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock valued at $1,073,000 after acquiring an additional 130 shares during the last quarter. Cerity Partners LLC lifted its position in Roku by 0.5% during the 4th quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock worth $1,984,000 after acquiring an additional 145 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of Roku by 1.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock valued at $1,097,000 after purchasing an additional 160 shares during the last quarter. Finally, Richard W. Paul & Associates LLC raised its stake in shares of Roku by 1.1% during the fourth quarter. Richard W. Paul & Associates LLC now owns 15,997 shares of the company's stock worth $1,189,000 after purchasing an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company's stock.
The company has a 50 day moving average price of $65.61 and a 200 day moving average price of $74.48. The firm has a market cap of $11.46 billion, a PE ratio of -88.26 and a beta of 2.09.
Roku (Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The business's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.35) EPS. On average, equities analysts anticipate that Roku, Inc. will post -0.3 earnings per share for the current fiscal year.
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 s 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 subscriptions and branded app buttons on remote controls.
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