Roku (NASDAQ:ROKU) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Roku (NASDAQ:ROKU) from an underperform rating to a hold rating in a research note published on Thursday morning, Marketbeat.com reports. They currently have $100.00 price objective on the stock, up from their previous price objective of $55.00.

Several other brokerages have also weighed in on ROKU. Wedbush reiterated an “outperform” rating and set a $100.00 price objective on shares of Roku in a report on Monday, February 10th. Morgan Stanley increased their price target on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Loop Capital boosted their price objective on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $74.00 to $129.00 in a report on Friday, February 14th. Finally, Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $70.00 to $90.00 in a report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Roku Stock Performance

Shares of ROKU opened at $88.86 on Thursday. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The company has a market capitalization of $12.97 billion, a PE ratio of -99.84 and a beta of 2.05. The stock has a fifty day moving average of $81.67 and a two-hundred day moving average of $75.14.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities research analysts forecast that Roku will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,193,100.32. The trade was a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the completion of the transaction, the chief financial officer now owns 58,555 shares in the company, valued at approximately $5,878,922. This trade represents a 7.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,421 shares of company stock worth $9,660,786 in the last quarter. 13.98% of the stock is owned by corporate insiders.

Institutional Trading of Roku

A number of hedge funds have recently made changes to their positions in ROKU. Geneos Wealth Management Inc. boosted its stake in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Roku in the 4th quarter valued at about $30,000. Raelipskie Partnership acquired a new stake in shares of Roku in the 3rd quarter valued at about $32,000. Game Plan Financial Advisors LLC bought a new position in shares of Roku during the fourth quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd grew its stake in Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares in the last quarter. Institutional investors and hedge funds 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.