Roku (NASDAQ:ROKU) Given New $115.00 Price Target at JMP Securities

Roku (NASDAQ:ROKU) had its price objective boosted by JMP Securities from $95.00 to $115.00 in a report issued on Friday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

ROKU has been the topic of several other reports. Jefferies Financial Group reduced their price objective on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Roku in a research note on Tuesday, January 7th. Macquarie reiterated an “outperform” rating and issued a $90.00 price objective on shares of Roku in a research note on Thursday, October 31st. Pivotal Research upgraded Roku from a “hold” rating to a “buy” rating and increased their price objective for the company from $65.00 to $125.00 in a research note on Friday. Finally, Wedbush reiterated an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and an average target price of $93.18.

Roku Stock Performance

ROKU opened at $99.07 on Friday. Roku has a 52 week low of $48.33 and a 52 week high of $104.96. The business has a fifty day simple moving average of $80.56 and a 200-day simple moving average of $73.65.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. On average, equities analysts forecast that Roku will post -1.09 EPS for the current year.

Insider Buying and Selling

In related news, CAO Matthew C. Banks sold 8,693 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the transaction, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total value of $2,198,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,333,486.34. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,885 shares of company stock valued at $7,911,162 over the last quarter. 13.98% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently added to or reduced their stakes in ROKU. FMR LLC boosted its holdings in Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock valued at $1,426,134,000 after purchasing an additional 4,613,570 shares in the last quarter. Marshall Wace LLP boosted its holdings in Roku by 663.9% in the 4th quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock valued at $173,644,000 after purchasing an additional 2,030,036 shares in the last quarter. Holocene Advisors LP purchased a new stake in Roku in the 3rd quarter valued at approximately $129,015,000. Westfield Capital Management Co. LP boosted its holdings in Roku by 126.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after purchasing an additional 856,401 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in Roku by 214.1% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 864,974 shares of the company’s stock valued at $64,302,000 after purchasing an additional 589,610 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.