Roku (NASDAQ:ROKU) Research Coverage Started at KeyCorp

KeyCorp began coverage on shares of Roku (NASDAQ:ROKU) in a report issued on Monday morning, Benzinga reports. The brokerage issued an overweight rating and a $228.00 target price on the stock.

ROKU has been the topic of a number of other research reports. Benchmark boosted their price target on Roku from $180.00 to $185.00 and gave the company a buy rating in a report on Thursday, August 6th. Susquehanna Bancshares lifted their price objective on Roku from $145.00 to $185.00 in a research report on Thursday, August 6th. Moffett Nathanson assumed coverage on Roku in a research report on Monday, July 20th. They set a neutral rating and a $145.00 price objective on the stock. Rosenblatt Securities lifted their price objective on Roku from $145.00 to $190.00 and gave the company a buy rating in a research report on Tuesday, August 4th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $190.00 price objective on shares of Roku in a research report on Tuesday, September 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $163.04.

NASDAQ:ROKU opened at $169.99 on Monday. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of -147.82 and a beta of 1.85. Roku has a 52-week low of $58.22 and a 52-week high of $185.44. The stock has a fifty day moving average of $156.93 and a 200 day moving average of $124.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.98 and a current ratio of 3.09.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.55) by $0.20. Roku had a negative return on equity of 19.43% and a negative net margin of 10.28%. Equities analysts forecast that Roku will post -1.49 earnings per share for the current fiscal year.

In other news, VP Scott A. Rosenberg sold 2,400 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $149.50, for a total value of $358,800.00. Following the completion of the sale, the vice president now directly owns 22,668 shares in the company, valued at approximately $3,388,866. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mai Fyfield sold 306 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $127.13, for a total value of $38,901.78. Following the completion of the sale, the director now owns 1,049 shares of the company’s stock, valued at $133,359.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 429,997 shares of company stock valued at $69,095,309. Company insiders own 19.40% of the company’s stock.

Several large investors have recently bought and sold shares of ROKU. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Roku by 225.0% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 260 shares of the company’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Pacitti Group Inc. bought a new position in Roku in the 2nd quarter worth $36,000. Sandy Spring Bank boosted its holdings in Roku by 70.0% in the 2nd quarter. Sandy Spring Bank now owns 340 shares of the company’s stock worth $39,000 after buying an additional 140 shares during the period. HHM Wealth Advisors LLC bought a new position in Roku in the 1st quarter worth $41,000. Finally, CENTRAL TRUST Co boosted its holdings in Roku by 33.9% in the 2nd quarter. CENTRAL TRUST Co now owns 395 shares of the company’s stock worth $46,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 62.26% of the company’s stock.

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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