Roku (NASDAQ:ROKU) Earns Neutral Rating from Macquarie

Macquarie reaffirmed their neutral rating on shares of Roku (NASDAQ:ROKU) in a research report sent to investors on Thursday, Briefing.com Automated Import reports. Macquarie currently has a $110.00 price target on the stock, up from their previous price target of $66.00.

ROKU has been the topic of several other research reports. Zacks Investment Research upgraded shares of Roku from a hold rating to a strong-buy rating and set a $91.00 target price on the stock in a report on Wednesday, May 15th. Stephens upgraded shares of Roku from an equal rating to an overweight rating and raised their target price for the stock from $84.00 to $120.00 in a report on Thursday. BidaskClub cut shares of Roku from a buy rating to a hold rating in a report on Thursday, August 1st. Susquehanna Bancshares assumed coverage on shares of Roku in a report on Monday, April 22nd. They issued a positive rating and a $80.00 target price on the stock. Finally, Royal Bank of Canada restated a sector perform rating and issued a $107.00 target price (up previously from $90.00) on shares of Roku in a report on Thursday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $101.31.

ROKU stock traded up $3.29 on Thursday, hitting $125.32. The company had a trading volume of 14,514,520 shares, compared to its average volume of 9,337,820. Roku has a 12-month low of $26.30 and a 12-month high of $128.20. The company has a 50-day moving average of $102.57. The company has a market capitalization of $13.84 billion, a PE ratio of -1,566.50 and a beta of 2.04.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.14. Roku had a negative net margin of 2.41% and a negative return on equity of 7.91%. The company had revenue of $250.10 million for the quarter, compared to analysts’ expectations of $223.36 million. The company’s quarterly revenue was up 59.5% compared to the same quarter last year. Sell-side analysts forecast that Roku will post -0.58 EPS for the current year.

In other news, SVP Stephen H. Kay sold 32,000 shares of Roku stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $81.77, for a total transaction of $2,616,640.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeff Hastings sold 2,222 shares of Roku stock in a transaction on Friday, May 31st. The stock was sold at an average price of $92.00, for a total transaction of $204,424.00. The disclosure for this sale can be found here. Insiders have sold a total of 671,733 shares of company stock worth $67,177,042 in the last quarter. Corporate insiders own 22.70% of the company’s stock.

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Roku by 100.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares during the period. CWM LLC bought a new stake in shares of Roku during the 1st quarter valued at $32,000. James Investment Research Inc. bought a new stake in shares of Roku during the 1st quarter valued at $32,000. Wealthcare Advisory Partners LLC raised its position in shares of Roku by 1,000.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company’s stock valued at $35,000 after purchasing an additional 500 shares during the period. Finally, Mascoma Wealth Management LLC bought a new stake in shares of Roku during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

Roku Company Profile

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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