Roku (NASDAQ:ROKU) Earns “Market Outperform” Rating from JMP Securities

Roku (NASDAQ:ROKU)‘s stock had its “market outperform” rating restated by equities research analysts at JMP Securities in a research note issued on Monday,Benzinga reports. They currently have a $95.00 target price on the stock. JMP Securities’ price objective suggests a potential upside of 18.29% from the company’s current price.

A number of other equities analysts have also commented on the stock. Robert W. Baird upgraded shares of Roku from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Moffett Nathanson downgraded Roku from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a report on Friday, January 10th. Loop Capital raised their price objective on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Piper Sandler upped their target price on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company raised their price target on shares of Roku from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.18.

Roku Trading Down 3.0 %

NASDAQ ROKU opened at $80.31 on Monday. The stock has a market cap of $11.66 billion, a P/E ratio of -66.75 and a beta of 2.05. The company’s fifty day simple moving average is $78.48 and its 200-day simple moving average is $72.12. Roku has a 52 week low of $48.33 and a 52 week high of $99.80.

Insider Transactions at Roku

In other Roku news, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were 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 owns 3,790 shares in the company, valued at approximately $269,620.60. This represents a 73.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,885 shares of company stock worth $5,712,912. 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 business. Geneos Wealth Management Inc. grew its stake in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares in the last quarter. Raelipskie Partnership acquired a new stake in Roku in the third quarter worth about $32,000. Game Plan Financial Advisors LLC bought a new position in Roku in the 4th quarter valued at about $37,000. Future Financial Wealth Managment LLC acquired a new position in Roku during the 3rd quarter valued at about $43,000. Finally, GS Investments Inc. raised its position in shares of Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 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.