Needham & Company LLC reaffirmed their buy rating on shares of Roku (NASDAQ:ROKU) in a report published on Thursday, The Fly reports. Needham & Company LLC currently has a $85.00 target price on the stock, up from their prior target price of $65.00.

A number of other research firms have also commented on ROKU. Zacks Investment Research lowered shares of Roku from a buy rating to a hold rating in a research note on Saturday, February 23rd. DA Davidson upgraded shares of Roku from a neutral rating to a buy rating and set a $49.00 price objective on the stock in a research note on Monday, December 3rd. ValuEngine upgraded shares of Roku from a hold rating to a buy rating in a research note on Saturday, February 23rd. BidaskClub upgraded shares of Roku from a hold rating to a buy rating in a research note on Wednesday, February 27th. Finally, Citigroup lifted their price objective on shares of Roku from $44.00 to $53.00 and gave the company a neutral rating in a research note on Monday, February 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Roku currently has a consensus rating of Buy and an average target price of $65.07.

NASDAQ ROKU traded up $1.35 during trading on Thursday, reaching $63.17. The company’s stock had a trading volume of 202,126 shares, compared to its average volume of 14,690,345. The firm has a market cap of $6.80 billion, a PE ratio of -785.75 and a beta of 3.90. Roku has a twelve month low of $26.30 and a twelve month high of $77.57.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 21st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $275.74 million for the quarter, compared to analyst estimates of $262.57 million. Roku had a negative net margin of 1.19% and a negative return on equity of 4.06%. Research analysts anticipate that Roku will post -0.7 EPS for the current year.

In related news, SVP Stephen H. Kay sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $71.96, for a total transaction of $1,079,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steve Louden sold 170,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $53.24, for a total transaction of $9,050,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 433,639 shares of company stock worth $22,880,175. 0.55% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. We Are One Seven LLC purchased a new stake in shares of Roku in the fourth quarter valued at about $27,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Roku in the fourth quarter valued at about $35,000. Essex Investment Management Co. LLC purchased a new stake in shares of Roku in the fourth quarter valued at about $49,000. Advisors Asset Management Inc. lifted its holdings in shares of Roku by 59.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,854 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares in the last quarter. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of Roku in the third quarter valued at about $59,000. 42.91% of the stock is currently owned by hedge funds and other institutional investors.

Roku Company Profile

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.

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Analyst Recommendations for Roku (NASDAQ:ROKU)

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