Roku (ROKU) Upgraded to “Buy” at BidaskClub

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

ROKU has been the subject of several other reports. Citigroup upgraded shares of Roku from a sell rating to a neutral rating and set a $33.00 target price for the company in a research note on Tuesday, March 27th. Loop Capital initiated coverage on shares of Roku in a research note on Thursday, April 19th. They issued a hold rating and a $30.00 target price for the company. Vetr upgraded shares of Roku from a hold rating to a strong-buy rating and set a $50.50 target price for the company in a research note on Thursday, February 22nd. KeyCorp initiated coverage on shares of Roku in a research note on Tuesday, May 1st. They issued an overweight rating and a $42.00 target price for the company. Finally, Oppenheimer upgraded shares of Roku from an underperform rating to a market perform rating in a research note on Tuesday, March 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $39.23.

Shares of Roku opened at $43.30 on Friday, MarketBeat.com reports. Roku has a twelve month low of $15.75 and a twelve month high of $58.80.



Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, May 9th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.08. The firm had revenue of $136.58 million during the quarter, compared to analysts’ expectations of $127.55 million. Roku’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter last year, the company posted ($1.79) earnings per share. sell-side analysts forecast that Roku will post -0.3 EPS for the current fiscal year.

In other Roku news, CEO Anthony J. Wood sold 248,578 shares of the stock in a transaction on Friday, June 15th. The shares were sold at an average price of $43.73, for a total transaction of $10,870,315.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Chas Smith sold 120,000 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $33.34, for a total transaction of $4,000,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,308,920 shares of company stock worth $79,406,969 over the last quarter. 0.55% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company acquired a new stake in shares of Roku during the fourth quarter worth $130,000. Thompson Davis & CO. Inc. raised its holdings in shares of Roku by 280.3% during the first quarter. Thompson Davis & CO. Inc. now owns 3,803 shares of the company’s stock worth $118,000 after purchasing an additional 2,803 shares during the period. MYDA Advisors LLC acquired a new stake in shares of Roku during the fourth quarter worth $207,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Roku during the fourth quarter worth $247,000. Finally, Bluestein R H & Co. acquired a new stake in shares of Roku during the fourth quarter worth $259,000. 16.35% of the stock is currently owned by institutional investors.

About Roku

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

Analyst Recommendations for Roku (NASDAQ:ROKU)

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