Loop Capital Initiates Coverage on Roku (ROKU)

Investment analysts at Loop Capital started coverage on shares of Roku (NASDAQ:ROKU) in a research report issued on Thursday. The firm set a “hold” rating and a $30.00 price target on the stock. Loop Capital’s target price indicates a potential downside of 7.89% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, January 10th. Royal Bank of Canada boosted their price target on shares of Roku to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, February 22nd. Vetr cut shares of Roku from a “strong-buy” rating to a “hold” rating and set a $47.12 price target for the company. in a report on Thursday, February 8th. Morgan Stanley reiterated an “underweight” rating and set a $32.00 price target (up previously from $30.00) on shares of Roku in a report on Thursday, February 22nd. Finally, Citigroup boosted their price target on shares of Roku from $28.00 to $33.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $39.06.

How to Become a New Pot Stock Millionaire

Shares of ROKU stock opened at $32.57 on Thursday. The company has a market capitalization of $3,158.33 and a P/E ratio of -14.54. Roku has a fifty-two week low of $15.75 and a fifty-two week high of $58.80.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.17. The firm had revenue of $188.30 million for the quarter, compared to analyst estimates of $182.54 million. The company’s revenue was up 27.8% on a year-over-year basis. research analysts expect that Roku will post -0.47 EPS for the current fiscal year.

In other news, VP Scott A. Rosenberg sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $30.46, for a total transaction of $761,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen H. Kay sold 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $30.73, for a total transaction of $1,106,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,777,131 shares of company stock valued at $58,524,942 in the last 90 days.

Several large investors have recently modified their holdings of ROKU. Nationwide Fund Advisors purchased a new stake in shares of Roku during the 3rd quarter worth approximately $1,009,000. Kessler Investment Group LLC purchased a new stake in shares of Roku during the 4th quarter worth approximately $254,000. Greylin Investment Mangement Inc. purchased a new stake in shares of Roku during the 4th quarter worth approximately $941,000. Wasatch Advisors Inc. purchased a new stake in shares of Roku during the 4th quarter worth approximately $2,589,000. Finally, Creative Planning purchased a new stake in shares of Roku during the 4th quarter worth approximately $574,000. Institutional investors and hedge funds own 10.28% of the company’s stock.

WARNING: “Loop Capital Initiates Coverage on Roku (ROKU)” was originally published by Week Herald and is owned by of Week Herald. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://weekherald.com/2018/04/21/loop-capital-initiates-coverage-on-roku-roku.html.

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)

Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply