BidaskClub Upgrades Roku (NASDAQ:ROKU) to “Hold”

BidaskClub upgraded shares of Roku (NASDAQ:ROKU) from a sell rating to a hold rating in a report issued on Thursday morning, BidAskClub reports.

ROKU has been the topic of several other research reports. Bank of America increased their price target on Roku from $150.00 to $160.00 and gave the stock a buy rating in a report on Friday, November 15th. Needham & Company LLC reiterated a buy rating and issued a $200.00 price target on shares of Roku in a report on Wednesday. Guggenheim cut their price target on Roku from $170.00 to $150.00 and set a buy rating on the stock in a report on Thursday, November 7th. William Blair reiterated a buy rating on shares of Roku in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reiterated a buy rating and issued a $160.00 price target on shares of Roku in a report on Thursday, January 9th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the stock. Roku has an average rating of Hold and a consensus price target of $130.98.

NASDAQ:ROKU traded down $8.80 on Thursday, hitting $130.25. The stock had a trading volume of 63,486,424 shares, compared to its average volume of 12,751,469. The business’s fifty day moving average is $131.74 and its 200 day moving average is $133.74. The company has a market cap of $15.54 billion, a PE ratio of -383.08 and a beta of 1.64. Roku has a 52 week low of $50.81 and a 52 week high of $176.55.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. The business had revenue of $411.23 million for the quarter, compared to analyst estimates of $392.43 million. Roku had a negative return on equity of 9.79% and a negative net margin of 3.77%. As a group, analysts anticipate that Roku will post -0.53 EPS for the current year.

In related news, Director Mai Fyfield sold 306 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $133.92, for a total transaction of $40,979.52. Following the completion of the sale, the director now directly owns 306 shares of the company’s stock, valued at $40,979.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan S. Henricks sold 5,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $160.00, for a total value of $800,000.00. Following the sale, the director now directly owns 10,222 shares of the company’s stock, valued at $1,635,520. The disclosure for this sale can be found here. Over the last three months, insiders sold 210,081 shares of company stock valued at $30,803,764. Company insiders own 22.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co increased its position in shares of Roku by 47.5% during the third quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock valued at $30,000 after acquiring an additional 95 shares during the last quarter. Utah Retirement Systems increased its position in shares of Roku by 0.6% during the fourth quarter. Utah Retirement Systems now owns 16,300 shares of the company’s stock valued at $2,183,000 after acquiring an additional 100 shares during the last quarter. Parkwood LLC increased its position in shares of Roku by 1.2% during the fourth quarter. Parkwood LLC now owns 8,489 shares of the company’s stock valued at $1,137,000 after acquiring an additional 101 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of Roku by 4.9% during the third quarter. Integrated Investment Consultants LLC now owns 2,496 shares of the company’s stock valued at $254,000 after acquiring an additional 116 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in shares of Roku by 59.4% during the third quarter. Catalyst Capital Advisors LLC now owns 322 shares of the company’s stock valued at $33,000 after acquiring an additional 120 shares during the last quarter. 53.39% of the stock is owned by institutional investors.

About Roku

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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Analyst Recommendations for Roku (NASDAQ:ROKU)

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