Roku (NASDAQ:ROKU) Research Coverage Started at KeyCorp

KeyCorp assumed coverage on shares of Roku (NASDAQ:ROKU) in a research report report published on Monday, Benzinga reports. The firm issued an overweight rating and a $228.00 price target on the stock.

Other equities analysts have also issued reports about the company. Wedbush reaffirmed a buy rating and issued a $205.00 price target on shares of Roku in a report on Wednesday, September 9th. Stephens restated a hold rating and set a $105.00 price target on shares of Roku in a research report on Wednesday, June 3rd. Loop Capital lifted their price objective on Roku from $90.00 to $120.00 in a report on Monday, August 3rd. Benchmark lifted their price objective on Roku from $180.00 to $185.00 and gave the stock a buy rating in a report on Thursday, August 6th. Finally, Royal Bank of Canada reiterated a buy rating and issued a $171.00 price objective on shares of Roku in a report on Monday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $163.04.

Shares of NASDAQ ROKU opened at $169.99 on Monday. The stock has a fifty day simple moving average of $156.93 and a two-hundred day simple moving average of $124.52. Roku has a 1-year low of $58.22 and a 1-year high of $185.44. The firm has a market cap of $21.20 billion, a price-to-earnings ratio of -147.82 and a beta of 1.85. The company has a current ratio of 3.09, a quick ratio of 2.98 and a debt-to-equity ratio of 0.09.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.20. Roku had a negative return on equity of 19.43% and a negative net margin of 10.28%. Analysts forecast that Roku will post -1.49 EPS for the current year.

In related news, CFO Steve Louden sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $162.51, for a total value of $12,188,250.00. Following the sale, the chief financial officer now directly owns 75,000 shares of the company’s stock, valued at $12,188,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan S. Henricks sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $149.49, for a total transaction of $2,989,800.00. Following the completion of the sale, the director now directly owns 26,287 shares in the company, valued at $3,929,643.63. The disclosure for this sale can be found here. Insiders have sold a total of 429,997 shares of company stock worth $69,095,309 over the last ninety days. 19.40% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Roku by 225.0% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 260 shares of the company’s stock valued at $30,000 after purchasing an additional 180 shares in the last quarter. Pacitti Group Inc. bought a new position in Roku during the second quarter worth about $36,000. Sandy Spring Bank raised its position in shares of Roku by 70.0% during the second quarter. Sandy Spring Bank now owns 340 shares of the company’s stock worth $39,000 after purchasing an additional 140 shares during the period. HHM Wealth Advisors LLC acquired a new stake in shares of Roku during the first quarter worth about $41,000. Finally, CENTRAL TRUST Co raised its position in Roku by 33.9% in the 2nd quarter. CENTRAL TRUST Co now owns 395 shares of the company’s stock valued at $46,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 62.26% of the company’s stock.

About Roku

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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