Roku (NASDAQ:ROKU) Price Target Raised to $135.00

Roku (NASDAQ:ROKU) had its target price raised by Pivotal Research from $120.00 to $135.00 in a report released on Monday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

ROKU has been the topic of a number of other research reports. Piper Sandler raised Roku from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $88.00 to $135.00 in a research report on Monday. JMP Securities restated a “market outperform” rating and set a $145.00 target price on shares of Roku in a report on Thursday, October 2nd. Citigroup upped their price target on shares of Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. JPMorgan Chase & Co. increased their price objective on shares of Roku from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Roku in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.18.

Roku Stock Down 0.4%

Shares of NASDAQ ROKU opened at $105.67 on Monday. The company’s fifty day moving average is $98.71 and its 200-day moving average is $86.50. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of -528.32, a P/E/G ratio of 5.27 and a beta of 2.18. Roku has a twelve month low of $52.43 and a twelve month high of $116.66.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. Roku has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Roku will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 3,000 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $95.82, for a total transaction of $287,460.00. Following the completion of the transaction, the chief financial officer directly owned 80,420 shares in the company, valued at $7,705,844.40. This represents a 3.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Anthony J. Wood sold 18,700 shares of Roku stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $100.00, for a total value of $1,870,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 483,463 shares of company stock valued at $50,048,127 in the last three months. 13.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Roku

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Westfuller Advisors LLC acquired a new position in Roku during the third quarter worth $30,000. Root Financial Partners LLC acquired a new position in shares of Roku during the 3rd quarter worth about $33,000. Cornerstone Planning Group LLC raised its holdings in shares of Roku by 20,450.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 411 shares of the company’s stock valued at $41,000 after purchasing an additional 409 shares during the period. Beaird Harris Wealth Management LLC bought a new stake in shares of Roku in the 1st quarter valued at about $30,000. Finally, Banque Transatlantique SA acquired a new stake in Roku in the 1st quarter valued at about $28,000. 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.