Roku Inc (NASDAQ:ROKU) has received a consensus rating of “Buy” from the twenty-one analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $81.61.

ROKU has been the topic of a number of recent research reports. Vertical Group raised Roku from a “negative” rating to a “mixed” rating in a report on Wednesday, May 1st. Citigroup boosted their target price on Roku from $44.00 to $53.00 and gave the company a “neutral” rating in a report on Monday, February 25th. SunTrust Banks boosted their target price on Roku to $63.00 and gave the company a “hold” rating in a report on Wednesday, March 13th. They noted that the move was a valuation call. DA Davidson boosted their target price on Roku to $60.00 and gave the company an “average” rating in a report on Friday, February 22nd. Finally, Zacks Investment Research lowered Roku from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd.

In related news, SVP Stephen H. Kay sold 3,000 shares of Roku stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $57.92, for a total value of $173,760.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 35,000 shares of Roku stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $68.70, for a total value of $2,404,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 247,887 shares of company stock worth $19,450,730. Company insiders own 22.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of ROKU. Advisors Asset Management Inc. boosted its stake in shares of Roku by 59.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,854 shares of the company’s stock valued at $57,000 after buying an additional 690 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Roku by 44.2% in the fourth quarter. Rhumbline Advisers now owns 55,586 shares of the company’s stock valued at $1,703,000 after buying an additional 17,044 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Roku by 5.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 22,012 shares of the company’s stock valued at $674,000 after buying an additional 1,200 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new stake in shares of Roku in the fourth quarter valued at approximately $35,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Roku by 31.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 40,024 shares of the company’s stock valued at $1,226,000 after buying an additional 9,691 shares in the last quarter. Hedge funds and other institutional investors own 50.52% of the company’s stock.

ROKU opened at $102.02 on Friday. The company has a market cap of $11.89 billion, a price-to-earnings ratio of -1,275.25 and a beta of 2.43. Roku has a 52 week low of $26.30 and a 52 week high of $106.12.

Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.15. The business had revenue of $206.70 million for the quarter, compared to analyst estimates of $189.80 million. Roku had a negative return on equity of 4.60% and a negative net margin of 1.47%. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Equities analysts expect that Roku will post -0.6 EPS for the current year.

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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