Roku (NASDAQ:ROKU) had its price objective reduced by investment analysts at Citigroup from $60.00 to $44.00 in a report issued on Monday. The firm presently has a “neutral” rating on the stock. Citigroup‘s target price would indicate a potential upside of 7.29% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. ValuEngine raised shares of Roku from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research raised shares of Roku from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, January 9th. Morgan Stanley upped their price target on shares of Roku from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, November 5th. SunTrust Banks began coverage on shares of Roku in a report on Monday, December 17th. They set a “hold” rating and a $36.00 price target for the company. Finally, KeyCorp cut their price target on shares of Roku from $81.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $55.99.

NASDAQ ROKU traded up $1.44 during trading on Monday, reaching $41.01. The company’s stock had a trading volume of 90,441 shares, compared to its average volume of 22,290,713. The company has a market capitalization of $4.60 billion, a P/E ratio of -18.31 and a beta of 3.26. Roku has a 12 month low of $26.30 and a 12 month high of $77.57.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.03. The firm had revenue of $173.40 million during the quarter, compared to the consensus estimate of $170.73 million. Roku had a negative net margin of 1.33% and a negative return on equity of 4.46%. The business’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, research analysts forecast that Roku will post -0.13 earnings per share for the current fiscal year.

In related news, VP Chas Smith sold 99,129 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $52.08, for a total transaction of $5,162,638.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeff Hastings sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 376,448 shares of company stock valued at $18,962,492. 0.55% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ROKU. Cerebellum GP LLC acquired a new position in Roku in the 4th quarter valued at approximately $259,000. North Star Investment Management Corp. acquired a new position in Roku in the 4th quarter valued at approximately $92,000. Vanguard Group Inc increased its position in Roku by 72.7% in the 3rd quarter. Vanguard Group Inc now owns 4,747,875 shares of the company’s stock valued at $346,737,000 after acquiring an additional 1,998,602 shares during the period. Rehmann Capital Advisory Group acquired a new position in Roku in the 3rd quarter valued at approximately $59,000. Finally, Marshall Wace North America L.P. acquired a new position in Roku in the 3rd quarter valued at approximately $1,521,000. Institutional investors and hedge funds own 46.29% of the company’s stock.

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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Analyst Recommendations for Roku (NASDAQ:ROKU)

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