UBS Group Initiates Coverage on Roku (NASDAQ:ROKU)

Equities research analysts at UBS Group assumed coverage on shares of Roku (NASDAQ:ROKU) in a report issued on Friday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $73.00 price target on the stock. UBS Group’s price objective would suggest a potential upside of 5.49% from the company’s previous close.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Roku in a report on Thursday, October 31st. Rosenblatt Securities lifted their price target on Roku from $61.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Guggenheim upgraded Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Friday, August 23rd. Finally, Citigroup lifted their price target on Roku from $60.00 to $77.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Roku Trading Up 0.8 %

Roku stock opened at $69.20 on Friday. The stock has a market cap of $10.05 billion, a PE ratio of -57.67 and a beta of 2.07. The stock has a 50-day moving average price of $74.45 and a 200 day moving average price of $65.06. Roku has a 52 week low of $48.33 and a 52 week high of $108.84.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business posted ($2.33) EPS. On average, equities analysts predict that Roku will post -1.1 EPS for the current year.

Insider Buying and Selling

In other Roku news, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at $4,916,625. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the transaction, the insider now directly owns 38,602 shares in the company, valued at approximately $2,485,582.78. The trade was a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,240 shares of company stock valued at $6,729,582. Corporate insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently made changes to their positions in ROKU. Raelipskie Partnership bought a new stake in shares of Roku in the 3rd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its stake in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after buying an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in Roku during the 3rd quarter worth $43,000. GS Investments Inc. grew its stake in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after buying an additional 147 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new position in Roku during the 2nd quarter worth $48,000. 86.30% of the stock is currently owned by institutional investors.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.