Roku, Inc. (NASDAQ:ROKU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have been assigned an average recommendation of “Moderate Buy” from the twenty-nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $118.72.

Several analysts recently weighed in on the company. Wells Fargo & Company reissued an “overweight” rating on shares of Roku in a report on Monday, January 5th. Zacks Research cut Roku from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. UBS Group lifted their target price on Roku from $95.00 to $103.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Arete Research set a $132.00 target price on shares of Roku and gave the company a “buy” rating in a research report on Monday, January 5th. Finally, Pivotal Research raised their price target on shares of Roku from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 75,000 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $109.61, for a total transaction of $8,220,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $108.98, for a total value of $217,960.00. Following the transaction, the director owned 7,782 shares in the company, valued at approximately $848,082.36. This trade represents a 20.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 184,790 shares of company stock valued at $19,685,259. 13.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Empowered Funds LLC grew its stake in Roku by 18.6% during the first quarter. Empowered Funds LLC now owns 3,291 shares of the company’s stock worth $232,000 after buying an additional 515 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Roku during the 1st quarter worth approximately $229,000. QRG Capital Management Inc. lifted its holdings in shares of Roku by 62.5% during the 2nd quarter. QRG Capital Management Inc. now owns 5,800 shares of the company’s stock worth $510,000 after acquiring an additional 2,231 shares during the period. Prime Capital Investment Advisors LLC boosted its position in shares of Roku by 12.5% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 3,794 shares of the company’s stock worth $333,000 after acquiring an additional 422 shares in the last quarter. Finally, True Vision MN LLC increased its stake in Roku by 3.3% in the second quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock valued at $487,000 after acquiring an additional 179 shares during the last quarter. Institutional investors own 86.30% of the company’s stock.

Roku Stock Up 2.3%

Roku stock opened at $90.55 on Tuesday. The company’s 50-day moving average price is $104.63 and its two-hundred day moving average price is $99.07. The stock has a market cap of $13.38 billion, a P/E ratio of -447.66 and a beta of 1.99. Roku has a twelve month low of $52.43 and a twelve month high of $116.66.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.