Roku, Inc. (NASDAQ:ROKU) Receives $84.76 Consensus Target Price from Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have received an average rating of “Hold” from the twenty-one brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $86.05.

Several research analysts recently commented on the stock. Susquehanna raised their price target on shares of Roku from $100.00 to $110.00 and gave the company a “positive” rating in a report on Friday, February 16th. Stephens reaffirmed an “overweight” rating and issued a $105.00 price objective on shares of Roku in a research report on Friday, February 16th. Oppenheimer cut shares of Roku from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Roku in a research report on Friday. Finally, Benchmark reduced their target price on shares of Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Stephen H. Kay sold 4,310 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $63.20, for a total transaction of $272,392.00. Following the sale, the senior vice president now owns 81,459 shares of the company’s stock, valued at approximately $5,148,208.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,545 shares of company stock worth $4,364,035. Insiders own 13.63% of the company’s stock.

Institutional Trading of Roku

Several institutional investors have recently added to or reduced their stakes in ROKU. CWM LLC increased its stake in Roku by 26.0% during the third quarter. CWM LLC now owns 8,140 shares of the company’s stock valued at $575,000 after purchasing an additional 1,679 shares during the last quarter. DnB Asset Management AS boosted its holdings in shares of Roku by 9.8% during the third quarter. DnB Asset Management AS now owns 20,300 shares of the company’s stock valued at $1,433,000 after acquiring an additional 1,812 shares during the period. HB Wealth Management LLC boosted its holdings in shares of Roku by 10.3% during the third quarter. HB Wealth Management LLC now owns 4,266 shares of the company’s stock valued at $301,000 after acquiring an additional 397 shares during the period. SG Americas Securities LLC acquired a new position in shares of Roku during the third quarter valued at $1,536,000. Finally, Meridian Wealth Management LLC acquired a new position in shares of Roku during the third quarter valued at $234,000. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

NASDAQ ROKU opened at $56.35 on Wednesday. Roku has a one year low of $51.62 and a one year high of $108.84. The company’s 50 day moving average price is $62.80 and its 200 day moving average price is $78.48. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of -11.23 and a beta of 1.66.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.29. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. During the same quarter last year, the firm posted ($1.38) earnings per share. Roku’s revenue for the quarter was up 19.0% compared to the same quarter last year. Sell-side analysts forecast that Roku will post -2.12 EPS for the current fiscal year.

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.