Roku (NASDAQ:ROKU) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. They currently have a $57.00 target price on the stock, down from their prior target price of $67.00. Macquarie’s target price indicates a potential downside of 7.80% from the company’s current price.
Several other equities analysts also recently weighed in on ROKU. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Friday, February 22nd. BidaskClub raised Roku from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. DA Davidson raised their price objective on Roku to $60.00 and gave the company an “average” rating in a research note on Friday, February 22nd. Loop Capital downgraded Roku from a “hold” rating to a “sell” rating and set a $45.00 price objective for the company. in a research note on Wednesday. They noted that the move was a valuation call. Finally, SunTrust Banks began coverage on Roku in a research note on Monday, December 17th. They issued a “hold” rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.07.
NASDAQ ROKU opened at $61.82 on Wednesday. Roku has a 1-year low of $26.30 and a 1-year high of $77.57. The company has a market capitalization of $7.78 billion, a P/E ratio of -772.75 and a beta of 3.90.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 21st. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Roku had a negative return on equity of 4.06% and a negative net margin of 1.19%. The firm had revenue of $275.74 million during the quarter, compared to the consensus estimate of $262.57 million. As a group, equities analysts predict that Roku will post -0.7 earnings per share for the current fiscal year.
In other Roku news, CEO Anthony J. Wood sold 35,000 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $31.37, for a total transaction of $1,097,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen H. Kay sold 15,000 shares of Roku stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $71.96, for a total value of $1,079,400.00. The disclosure for this sale can be found here. Insiders have sold 433,639 shares of company stock valued at $22,880,175 in the last three months. 0.55% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. We Are One Seven LLC purchased a new stake in shares of Roku in the fourth quarter valued at $27,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Roku in the fourth quarter valued at $35,000. Essex Investment Management Co. LLC purchased a new stake in shares of Roku in the fourth quarter valued at $49,000. Advisors Asset Management Inc. grew its position in shares of Roku by 59.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,854 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares during the period. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Roku in the third quarter valued at $59,000. 42.91% of the stock is owned by institutional investors and hedge funds.
Roku Company Profile
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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