Roku Inc (NASDAQ:ROKU) has been given an average recommendation of “Hold” by the twenty brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $84.11.

Several equities research analysts recently issued reports on ROKU shares. Citigroup reiterated a “buy” rating on shares of Rolls-Royce in a report on Monday, April 8th. DA Davidson downgraded Avon Products from a “buy” rating to a “neutral” rating and cut their price objective for the company from $4.75 to $3.60 in a report on Thursday, May 23rd. Wedbush set a $18.00 price objective on Catabasis Pharmaceuticals and gave the company a “buy” rating in a report on Monday, June 24th. Susquehanna Bancshares started coverage on Roku in a report on Monday, April 22nd. They issued a “positive” rating and a $80.00 price objective on the stock. Finally, Rosenblatt Securities reiterated a “neutral” rating on shares of Roku in a report on Thursday, May 9th.

Shares of ROKU stock traded up $1.78 on Wednesday, hitting $104.25. The stock had a trading volume of 264,831 shares, compared to its average volume of 8,036,665. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of -1,291.63 and a beta of 2.05. Roku has a 1 year low of $26.30 and a 1 year high of $108.32. The firm has a 50 day moving average of $98.01.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.15. The firm had revenue of $206.70 million for the quarter, compared to the consensus estimate of $189.80 million. Roku had a negative return on equity of 4.60% and a negative net margin of 1.47%. The company’s quarterly revenue was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) EPS. As a group, analysts expect that Roku will post -0.57 earnings per share for the current year.

In other news, Director Alan S. Henricks sold 6,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $90.00, for a total transaction of $540,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $64.47, for a total value of $2,256,450.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 706,733 shares of company stock worth $68,467,942. 22.70% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted 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 worth $25,000 after acquiring an additional 200 shares in the last quarter. James Investment Research Inc. acquired a new position in shares of Roku during the 1st quarter worth about $32,000. CWM LLC acquired a new position in shares of Roku during the 1st quarter worth about $32,000. Wealthcare Advisory Partners LLC boosted 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 worth $35,000 after acquiring an additional 500 shares in the last quarter. Finally, Mascoma Wealth Management LLC acquired a new position in shares of Roku during the 1st quarter worth about $42,000. 50.49% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Preferred Stock

Analyst Recommendations for Roku (NASDAQ:ROKU)

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