Roku, Inc. (NASDAQ:ROKU) Receives $101.33 Average PT from Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $103.3478.

A number of brokerages have issued reports on ROKU. Citigroup increased their price objective on shares of Roku from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. UBS Group upped their price target on shares of Roku from $72.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price target on shares of Roku in a report on Thursday, October 2nd. KeyCorp reaffirmed an “overweight” rating and set a $116.00 price target on shares of Roku in a report on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Roku in a report on Wednesday, October 1st.

Roku Stock Up 0.2%

NASDAQ ROKU opened at $99.01 on Friday. The company has a market capitalization of $14.59 billion, a P/E ratio of -235.74, a P/E/G ratio of 11.65 and a beta of 2.13. Roku has a 12-month low of $52.43 and a 12-month high of $107.25. The firm has a 50-day moving average price of $97.39 and a two-hundred day moving average price of $84.61.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.23. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that Roku will post -0.3 EPS for the current year.

Insider Activity

In other news, insider Charles Collier sold 15,404 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $103.31, for a total transaction of $1,591,387.24. Following the completion of the sale, the insider owned 200 shares of the company’s stock, valued at approximately $20,662. This represents a 98.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 3,400 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $100.07, for a total transaction of $340,238.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 331,731 shares of company stock worth $32,980,794. Insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Roku by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 12,675,816 shares of the company’s stock worth $1,114,077,000 after purchasing an additional 172,221 shares in the last quarter. Acadian Asset Management LLC increased its position in Roku by 41.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,691,643 shares of the company’s stock worth $236,545,000 after purchasing an additional 785,864 shares in the last quarter. Tableaux LLC acquired a new position in Roku during the 2nd quarter worth approximately $1,746,000. Jacobs Levy Equity Management Inc. increased its position in Roku by 21.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,581,097 shares of the company’s stock worth $111,372,000 after purchasing an additional 284,323 shares in the last quarter. Finally, Duquesne Family Office LLC increased its position in Roku by 123.0% during the 2nd quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock worth $96,723,000 after purchasing an additional 606,900 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.