Roku (NASDAQ:ROKU) PT Raised to $52.00

Roku (NASDAQ:ROKU) had its target price boosted by Wells Fargo & Company from $45.00 to $52.00 in a report published on Friday morning, Benzinga reports. They currently have an underweight rating on the stock.

Several other analysts have also commented on ROKU. Piper Sandler reiterated a neutral rating and set a $65.00 price objective (down previously from $81.00) on shares of Roku in a report on Friday. Pivotal Research lowered their price target on Roku from $85.00 to $75.00 and set a hold rating for the company in a report on Friday, February 16th. Oppenheimer lowered Roku from an outperform rating to a market perform rating in a research note on Friday, February 16th. Morgan Stanley lowered their target price on shares of Roku from $65.00 to $60.00 and set an underweight rating for the company in a research note on Friday, April 5th. Finally, Susquehanna upped their price target on shares of Roku from $100.00 to $110.00 and gave the company a positive rating in a research note on Friday, February 16th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $84.47.

Roku Price Performance

ROKU opened at $58.66 on Friday. The firm has a market capitalization of $8.42 billion, a PE ratio of -14.70 and a beta of 1.66. The business’s 50-day moving average is $62.53 and its two-hundred day moving average is $78.50. Roku has a 1 year low of $51.62 and a 1 year high of $108.84.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.73%. The firm had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. During the same quarter in the previous year, the firm earned ($1.38) EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, sell-side analysts expect that Roku will post -2.12 EPS for the current year.

Insider Buying and Selling at Roku

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

Hedge Funds Weigh In On Roku

Several institutional investors and hedge funds have recently modified their holdings of ROKU. Gotham Asset Management LLC grew its holdings in Roku by 200.3% in the third quarter. Gotham Asset Management LLC now owns 41,128 shares of the company’s stock valued at $2,903,000 after purchasing an additional 27,431 shares during the period. Nordea Investment Management AB increased its holdings in Roku by 8.2% in the 4th quarter. Nordea Investment Management AB now owns 7,247 shares of the company’s stock worth $669,000 after acquiring an additional 551 shares in the last quarter. Barclays PLC raised its position in Roku by 13.0% during the third quarter. Barclays PLC now owns 215,766 shares of the company’s stock worth $15,231,000 after acquiring an additional 24,765 shares during the period. Deutsche Bank AG lifted its holdings in Roku by 27.6% during the third quarter. Deutsche Bank AG now owns 154,729 shares of the company’s stock valued at $10,922,000 after purchasing an additional 33,500 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Roku by 32.4% in the fourth quarter. Vontobel Holding Ltd. now owns 79,771 shares of the company’s stock valued at $7,312,000 after purchasing an additional 19,543 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Company Profile

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.