Jefferies Financial Group Issues Pessimistic Forecast for Roku (NASDAQ:ROKU) Stock Price

Roku (NASDAQ:ROKU) had its price objective lowered by Jefferies Financial Group from $60.00 to $55.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an underperform rating on the stock.

Other analysts also recently issued reports about the company. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective for the company in a research note on Thursday, September 12th. Rosenblatt Securities upped their price target on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Roku from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Robert W. Baird boosted their price objective on shares of Roku from $56.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Roku in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $83.95.

Roku Price Performance

Shares of Roku stock opened at $65.70 on Friday. The firm’s fifty day simple moving average is $73.22 and its 200-day simple moving average is $63.79. Roku has a 12 month low of $48.33 and a 12 month high of $108.84. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of -54.75 and a beta of 2.07.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.30%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business posted ($2.33) earnings per share. Roku’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts anticipate that Roku will post -1.41 earnings per share for the current year.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.25, for a total value of $76,250.00. Following the sale, the chief financial officer now directly owns 53,267 shares of the company’s stock, valued at approximately $4,061,608.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00. Following the completion of the transaction, the chief financial officer now directly owns 53,267 shares in the company, valued at $4,061,608.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the sale, the chief executive officer now owns 5,020 shares in the company, valued at approximately $376,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,566 shares of company stock valued at $5,254,000 in the last 90 days. 13.98% of the stock is currently owned by insiders.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 375 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Roku during the third quarter worth approximately $43,000. Geneos Wealth Management Inc. grew its stake in Roku by 835.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after acquiring an additional 610 shares during the period. Cedar Wealth Management LLC acquired a new position in Roku in the 2nd quarter valued at $48,000. Finally, Natixis purchased a new position in shares of Roku during the 1st quarter worth $53,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

About Roku

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.