Recent Investment Analysts’ Ratings Changes for Roku (ROKU)

A number of firms have modified their ratings and price targets on shares of Roku (NASDAQ: ROKU) recently:

  • 11/8/2018 – Roku had its price target raised by analysts at DA Davidson to $49.00. They now have a “neutral” rating on the stock.
  • 11/8/2018 – Roku was given a new $65.00 price target on by analysts at Wedbush. They now have a “buy” rating on the stock.
  • 11/6/2018 – Roku was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $65.00 price target on the stock. According to Zacks, “Roku, Inc. is involved in creating streaming platform for delivering entertainment to the television. The Company’s products primarily includes Roku 4, Roku 3, Roku 2, Roku 1, Roku Streaming Stick and accessories such as cables, remote controls, power adapters and headphones. It operates primarily in the United States, Canada, the United Kingdom, the Republic of Ireland, Mexico and France. Roku, Inc. is based in SARATOGA, United States. “
  • 11/5/2018 – Roku had its price target raised by analysts at Morgan Stanley from $45.00 to $50.00. They now have an “equal weight” rating on the stock.
  • 11/3/2018 – Roku was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 11/1/2018 – Roku was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $65.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/19/2018 – Roku was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $70.00 price target on the stock, up previously from $48.00.
  • 10/19/2018 – Roku was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/11/2018 – Roku was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/5/2018 – Roku is now covered by analysts at Wedbush. They set a “neutral” rating and a $73.00 price target on the stock.
  • 10/3/2018 – Roku was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/1/2018 – Roku had its price target raised by analysts at Cannonball Research from $68.00 to $97.00. They now have a “buy” rating on the stock. Our analysis of the composition of advertising revenue growth gives us incremental comfort with our revenue forecast for FY18-20. It also supports our Buy thesis based on the belief that ROKU works only if the advertising revenue story works. We think that inventory sell through which has been a relatively small revenue driver so far can become more significant in the mid-term. Our analysis of the composition of advertising revenue growth gives us incremental comfort with our revenue forecast for FY18-20. It also supports our Buy thesis based on the belief that ROKU works only if the advertising revenue story works. We think that inventory sell through which has been a relatively small revenue driver so far can become more significant in the mid-term.
  • 10/1/2018 – Roku had its price target raised by analysts at Needham & Company LLC from $60.00 to $85.00. They now have a “buy” rating on the stock.
  • 9/12/2018 – Roku had its price target raised by analysts at Citigroup Inc to $72.00. They now have a “neutral” rating on the stock.
  • 9/11/2018 – Roku had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $81.00 price target on the stock, up previously from $67.00.

Shares of Roku stock traded down $2.64 on Friday, reaching $43.10. The stock had a trading volume of 309,229 shares, compared to its average volume of 8,133,614. Roku Inc has a 1 year low of $23.86 and a 1 year high of $77.57. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -19.24 and a beta of 3.59.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Roku had a negative net margin of 7.49% and a negative return on equity of 60.24%. The firm had revenue of $173.40 million for the quarter, compared to the consensus estimate of $170.73 million. During the same period in the prior year, the firm posted ($0.10) earnings per share. The company’s revenue for the quarter was up 38.9% on a year-over-year basis. As a group, equities research analysts expect that Roku Inc will post -0.14 EPS for the current year.

In other news, SVP Stephen H. Kay sold 36,000 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $60.89, for a total value of $2,192,040.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 370,486 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $57.10, for a total transaction of $21,154,750.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,206,975 shares of company stock worth $76,984,919. Insiders own 0.55% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC bought a new position in shares of Roku in the third quarter worth approximately $344,000. Bank of New York Mellon Corp increased its position in shares of Roku by 570.2% in the third quarter. Bank of New York Mellon Corp now owns 949,707 shares of the company’s stock worth $69,359,000 after purchasing an additional 808,012 shares during the last quarter. EAM Investors LLC bought a new position in shares of Roku in the third quarter worth approximately $4,009,000. Rational Advisors LLC bought a new position in shares of Roku in the third quarter worth approximately $551,000. Finally, Keybank National Association OH bought a new position in shares of Roku in the third quarter worth approximately $533,000. Institutional investors own 33.34% of the company’s stock.

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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