Macquarie Downgrades Roku (ROKU) to Neutral

Roku (NASDAQ:ROKU) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, MarketBeat.com reports. They currently have a $57.00 price objective on the stock, down from their previous price objective of $67.00. Macquarie’s target price suggests a potential downside of 7.80% from the stock’s previous close.

A number of other analysts have also recently issued reports on ROKU. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Friday, February 22nd. BidaskClub raised Roku from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. DA Davidson upped their target price on Roku to $60.00 and gave the company an “average” rating in a research report on Friday, February 22nd. Loop Capital cut Roku from a “hold” rating to a “sell” rating and set a $45.00 target price for the company. in a research report on Wednesday. They noted that the move was a valuation call. Finally, SunTrust Banks assumed coverage on Roku in a research report on Monday, December 17th. They issued a “hold” rating and a $36.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Roku currently has a consensus rating of “Buy” and a consensus target price of $65.07.

ROKU opened at $61.82 on Wednesday. Roku has a one year low of $26.30 and a one year high of $77.57. The stock has a market capitalization of $7.78 billion, a PE ratio of -772.75 and a beta of 3.90.



Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $275.74 million during the quarter, compared to analysts’ expectations of $262.57 million. Roku had a negative return on equity of 4.06% and a negative net margin of 1.19%. As a group, sell-side analysts forecast that Roku will post -0.7 earnings per share for the current year.

In other Roku news, Director Jeff Hastings sold 3,000 shares of the stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $33.49, for a total transaction of $100,470.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steve Louden sold 170,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $53.24, for a total value of $9,050,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 433,639 shares of company stock valued at $22,880,175. Insiders own 0.55% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. We Are One Seven LLC acquired a new stake in Roku during the 4th quarter worth approximately $27,000. Capital Investment Advisory Services LLC acquired a new stake in Roku during the 4th quarter worth approximately $35,000. Essex Investment Management Co. LLC acquired a new stake in Roku during the 4th quarter worth approximately $49,000. Advisors Asset Management Inc. lifted its position in Roku by 59.3% during the 4th quarter. Advisors Asset Management Inc. now owns 1,854 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new stake in Roku during the 3rd quarter worth approximately $59,000. 42.91% of the stock is owned by institutional investors.

About Roku

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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Analyst Recommendations for Roku (NASDAQ:ROKU)

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