Roku (NASDAQ:ROKU) Raised to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Roku (NASDAQ:ROKU) from a neutral rating to an outperform rating in a research note released on Monday, MarketBeat reports. The firm currently has $90.00 target price on the stock, up from their previous target price of $70.00.

A number of other equities research analysts have also weighed in on ROKU. Wedbush raised their price objective on Roku from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Jefferies Financial Group decreased their price target on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Friday, November 1st. Macquarie reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Roku in a report on Thursday, October 31st. Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, August 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Roku in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.67.

Roku Trading Up 0.3 %

NASDAQ ROKU opened at $68.93 on Monday. The stock has a market cap of $10.01 billion, a P/E ratio of -57.45 and a beta of 2.07. The company’s fifty day simple moving average is $74.66 and its 200-day simple moving average is $64.97. Roku has a 52 week low of $48.33 and a 52 week high of $108.84.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.33) EPS. On average, research analysts expect that Roku will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $376,500. This represents a 83.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles Collier sold 15,454 shares of Roku stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,159,050.00. Following the sale, the insider now directly owns 200 shares in the company, valued at $15,000. The trade was a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,240 shares of company stock valued at $6,729,582 in the last quarter. Company insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently bought and sold shares of the stock. GS Investments Inc. lifted its stake in shares of Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares during the period. PFG Investments LLC lifted its position in Roku by 3.7% in the third quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock worth $310,000 after purchasing an additional 150 shares during the period. True Vision MN LLC lifted its position in Roku by 3.1% in the third quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares during the period. Mcdonald Partners LLC boosted its stake in Roku by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock valued at $1,175,000 after purchasing an additional 175 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Roku by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock valued at $352,000 after purchasing an additional 202 shares during the period. Institutional investors own 86.30% of the company’s stock.

About Roku

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.