BidaskClub upgraded shares of Roku (NASDAQ:ROKU) from a hold rating to a buy rating in a research note published on Saturday morning, BidAskClub reports.

ROKU has been the topic of several other reports. Rosenblatt Securities upgraded Roku from a neutral rating to a buy rating and raised their target price for the company from $77.00 to $134.00 in a report on Thursday, August 8th. CIBC raised their target price on Roku from $79.00 to $120.00 and gave the company an outperform rating in a report on Thursday, August 8th. KeyCorp raised their target price on Roku from $76.00 to $84.00 and gave the company an overweight rating in a report on Thursday, May 9th. Zacks Investment Research downgraded Roku from a buy rating to a hold rating in a report on Friday, August 9th. Finally, Needham & Company LLC reiterated a buy rating and set a $120.00 target price (up from $85.00) on shares of Roku in a report on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $102.98.

NASDAQ ROKU opened at $135.33 on Friday. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of -1,691.63 and a beta of 2.04. Roku has a 1-year low of $26.30 and a 1-year high of $142.10. The company has a 50-day moving average price of $104.80.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.14. The business had revenue of $250.10 million for the quarter, compared to analyst estimates of $223.36 million. Roku had a negative return on equity of 7.91% and a negative net margin of 2.41%. Roku’s quarterly revenue was up 59.5% compared to the same quarter last year. As a group, research analysts forecast that Roku will post -0.58 earnings per share for the current year.

In other Roku news, Director Alan S. Henricks sold 6,000 shares of Roku stock in a transaction that occurred on 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 filing with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 400,000 shares of Roku stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $103.35, for a total value of $41,340,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 614,733 shares of company stock worth $62,498,652 over the last 90 days. 22.70% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of ROKU. Baillie Gifford & Co. purchased a new stake in Roku during the 1st quarter worth approximately $117,951,000. Allianz Asset Management GmbH increased its holdings in Roku by 89.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,884,212 shares of the company’s stock worth $170,672,000 after purchasing an additional 889,773 shares during the last quarter. FMR LLC increased its holdings in Roku by 12.1% during the 1st quarter. FMR LLC now owns 7,108,246 shares of the company’s stock worth $458,553,000 after purchasing an additional 767,418 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in Roku during the 1st quarter worth approximately $40,282,000. Finally, BlackRock Inc. increased its holdings in Roku by 17.4% during the 2nd quarter. BlackRock Inc. now owns 3,962,459 shares of the company’s stock worth $358,918,000 after purchasing an additional 588,499 shares during the last quarter. Institutional investors own 50.30% 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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