Roku (NASDAQ:ROKU) Given New $170.00 Price Target at Citizens Jmp

Roku (NASDAQ:ROKU) had its target price upped by stock analysts at Citizens Jmp from $160.00 to $170.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price target would suggest a potential upside of 41.24% from the company’s current price.

ROKU has been the topic of several other research reports. Robert W. Baird lifted their price target on Roku from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Evercore reiterated an “outperform” rating and issued a $150.00 price target on shares of Roku in a research note on Friday, February 13th. Zacks Research lowered Roku from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Moffett Nathanson reiterated a “neutral” rating and issued a $100.00 price target on shares of Roku in a research note on Friday, February 13th. Finally, Pivotal Research reiterated a “buy” rating and issued a $160.00 price target (up from $140.00) on shares of Roku in a research note on Friday. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.38.

Roku Stock Up 3.3%

Shares of ROKU traded up $3.80 during midday trading on Friday, hitting $120.36. The company’s stock had a trading volume of 2,620,381 shares, compared to its average volume of 3,239,135. Roku has a one year low of $58.55 and a one year high of $127.00. The company’s fifty day simple moving average is $100.40 and its two-hundred day simple moving average is $100.78. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 211.89 and a beta of 2.00.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.23. Roku had a return on equity of 3.40% and a net margin of 1.87%.The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company posted ($0.19) EPS. The company’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, research analysts predict that Roku will post 2.1 earnings per share for the current year.

Insider Activity at Roku

In related news, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $95.54, for a total transaction of $191,080.00. Following the sale, the director owned 7,782 shares of the company’s stock, valued at $743,492.28. This trade represents a 20.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $110.19, for a total value of $2,754,750.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 632,182 shares of company stock worth $67,058,733 over the last 90 days. 13.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roku

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. raised its position in shares of Roku by 680.0% during the fourth quarter. Blue Trust Inc. now owns 234 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares during the last quarter. Aventura Private Wealth LLC bought a new position in shares of Roku during the fourth quarter worth about $26,000. Bayban raised its position in shares of Roku by 1,300.0% during the first quarter. Bayban now owns 280 shares of the company’s stock worth $26,000 after acquiring an additional 260 shares during the last quarter. WPG Advisers LLC bought a new position in shares of Roku during the fourth quarter worth about $31,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Roku during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 86.30% of the company’s stock.

Key Roku News

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku beat Q1 estimates — $0.57 EPS vs. $0.34 expected and $1.25B revenue (up ~22% year?over?year); management raised its platform revenue outlook, driving the initial rally. Roku Stock Surges After Earnings. Why It’s a Streaming Wars Winner.
• Positive Sentiment: Roku raised its annual platform revenue forecast (management cited sustained advertiser demand), which analysts say supports stronger monetization and drove an extended?hours jump. Roku raises annual platform revenue forecast, shares climb
• Positive Sentiment: Multiple firms raised price targets and ratings this morning (Susquehanna to $160, Rosenblatt to $150, Needham to $140), signaling increased analyst conviction and adding upside to the stock’s outlook. Benzinga The Fly
• Positive Sentiment: Advertising strength: ad revenue grew ~27% with ad revenue disclosed separately (~$612.7M), and Roku is showing improved cash?flow dynamics as the platform scales; plus its low?price Howdy service passed ~1M subs — both support recurring revenue expansion. Roku Posts Strong Q1 Results Powered By Advertising And Subscriptions Gains Roku’s $3 streaming service, Howdy, reaches 1M subs
• Neutral Sentiment: Content and distribution partnerships (e.g., CW next?day streaming, WWE NXT on The Roku Channel) add engagement potential but are longer?term audience drivers rather than immediate revenue levers. The CW Network Sets Partnership With the Roku Channel
• Neutral Sentiment: Retail promotions and device restocks (e.g., security camera deals, discounted sticks) can boost unit sales and ecosystem engagement but have modest margin impact vs. platform revenue growth. Roku just restocked its security camera 2-pack for only $30 at Amazon
• Negative Sentiment: Valuation and macro risk: ROKU trades at a high forward multiple (P/E ~204) and a beta ~2.0, so upside could be vulnerable to any slowdown in ad spending or weaker-than-expected execution. (See company filings and analyst notes for detail.)

About Roku

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.