Roku (NASDAQ:ROKU) Rating Increased to Buy at Pivotal Research

Roku (NASDAQ:ROKU) was upgraded by investment analysts at Pivotal Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday,Briefing.com Automated Import reports. The firm presently has a $125.00 price target on the stock, up from their previous price target of $65.00. Pivotal Research’s target price indicates a potential upside of 44.01% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Rosenblatt Securities restated a “neutral” rating and issued a $86.00 price target on shares of Roku in a report on Thursday. Loop Capital upped their price target on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Morgan Stanley upped their price target on Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Roku in a report on Tuesday, January 7th. Finally, Jefferies Financial Group lowered their price target on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.95.

Roku Trading Up 2.4 %

NASDAQ ROKU opened at $86.80 on Friday. The business’s 50 day moving average is $80.17 and its two-hundred day moving average is $73.28. Roku has a 12-month low of $48.33 and a 12-month high of $95.17. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of -72.33 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. Equities analysts forecast that Roku will post -1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at approximately $4,916,625. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charles Collier sold 10,771 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the transaction, the insider now directly owns 3,790 shares in the company, valued at $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,885 shares of company stock valued at $7,911,162. 13.98% of the stock is currently owned by company insiders.

Institutional Trading of Roku

Several large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP increased its holdings in Roku by 663.9% in the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock valued at $173,644,000 after purchasing an additional 2,030,036 shares in the last quarter. Jump Financial LLC increased its holdings in Roku by 583.3% in the 4th quarter. Jump Financial LLC now owns 120,383 shares of the company’s stock valued at $8,949,000 after purchasing an additional 102,765 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Roku by 108.1% in the 4th quarter. Guggenheim Capital LLC now owns 14,475 shares of the company’s stock valued at $1,076,000 after purchasing an additional 7,518 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Roku by 50.3% in the 4th quarter. Sterling Capital Management LLC now owns 6,672 shares of the company’s stock valued at $496,000 after purchasing an additional 2,232 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Roku by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 55,563 shares of the company’s stock valued at $4,131,000 after purchasing an additional 350 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Company Profile

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.