Jefferies Financial Group Initiates Coverage on Roku (NASDAQ:ROKU)

Investment analysts at Jefferies Financial Group initiated coverage on shares of Roku (NASDAQ:ROKU) in a research note issued on Thursday, MarketBeat Ratings reports. The firm set an “underperform” rating and a $50.00 price target on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 15.41% from the company’s current price.

A number of other research firms also recently issued reports on ROKU. Wedbush decreased their target price on shares of Roku from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Benchmark decreased their target price on shares of Roku from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Pivotal Research decreased their target price on shares of Roku from $85.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Stephens restated an “overweight” rating and set a $105.00 target price on shares of Roku in a research report on Friday, February 16th. Finally, Susquehanna decreased their target price on shares of Roku from $110.00 to $80.00 and set a “positive” rating for the company in a research report on Monday, April 29th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.50.

Roku Trading Down 1.4 %

Shares of NASDAQ:ROKU traded down $0.84 on Thursday, hitting $59.11. 3,904,550 shares of the company were exchanged, compared to its average volume of 4,960,037. Roku has a 1-year low of $51.62 and a 1-year high of $108.84. The stock’s 50 day moving average price is $62.07 and its 200 day moving average price is $78.13. The firm has a market capitalization of $8.48 billion, a P/E ratio of -14.81 and a beta of 1.69.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The business had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same period in the previous year, the firm posted ($1.38) earnings per share. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, equities analysts predict that Roku will post -1.87 EPS for the current fiscal year.

Insider Transactions at Roku

In related news, Director Jeffrey M. Blackburn bought 8,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at $511,680. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Roku news, Director Jeffrey M. Blackburn acquired 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $63.96 per share, with a total value of $511,680.00. Following the purchase, the director now owns 8,000 shares in the company, valued at $511,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles Collier sold 4,182 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $65.00, for a total transaction of $271,830.00. Following the sale, the insider now directly owns 8,474 shares of the company’s stock, valued at approximately $550,810. The disclosure for this sale can be found here. Insiders sold 54,751 shares of company stock valued at $4,375,835 over the last 90 days. Corporate insiders own 13.63% of the company’s stock.

Institutional Trading of Roku

Several large investors have recently bought and sold shares of the business. Harbour Investments Inc. grew its stake in Roku by 3.3% during the 3rd quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock valued at $247,000 after acquiring an additional 113 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Roku by 0.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock valued at $1,187,000 after buying an additional 117 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Roku by 0.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock valued at $4,415,000 after buying an additional 150 shares during the period. Spire Wealth Management grew its stake in shares of Roku by 35.3% in the 3rd quarter. Spire Wealth Management now owns 621 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Roku by 0.5% in the 3rd quarter. Arizona State Retirement System now owns 33,655 shares of the company’s stock valued at $2,376,000 after buying an additional 173 shares during the period. 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.