Roku, Inc. (NASDAQ:ROKU) Receives $155.12 Consensus PT from Analysts

Roku, Inc. (NASDAQ:ROKU) has earned a consensus recommendation of “Hold” from the twenty-seven research firms that are covering the firm, MarketBeat Ratings reports. Seventeen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $155.1250.

A number of analysts have recently commented on ROKU shares. UBS Group set a $160.00 target price on Roku in a research report on Monday, June 15th. Pivotal Research reissued a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of Roku in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Roku in a research note on Friday, May 15th. Jefferies Financial Group lowered Roku from a “buy” rating to a “hold” rating and set a $160.00 price target on the stock. in a research report on Monday, June 15th. Finally, Piper Sandler cut Roku from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $148.00 to $160.00 in a research note on Tuesday, June 16th.

Insiders Place Their Bets

In related news, insider Mustafa Ozgen sold 10,194 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $144.00, for a total value of $1,467,936.00. Following the completion of the sale, the insider owned 19,185 shares in the company, valued at $2,762,640. This represents a 34.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 75,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $128.79, for a total transaction of $9,659,250.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 203,643 shares of company stock worth $26,492,192. Corporate insiders own 13.45% of the company’s stock.

Institutional Investors Weigh In On Roku

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its position in Roku by 680.0% in the 4th quarter. Blue Trust Inc. now owns 234 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares during the period. Bayban grew its stake in shares of Roku by 1,300.0% in the 1st quarter. Bayban now owns 280 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of Roku in the 4th quarter valued at approximately $31,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Roku in the fourth quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. increased its holdings in shares of Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Price Performance

Shares of ROKU opened at $145.84 on Tuesday. Roku has a 1-year low of $78.53 and a 1-year high of $148.88. The stock has a market cap of $21.50 billion, a PE ratio of 109.65 and a beta of 2.01. The firm has a fifty day moving average price of $136.86 and a 200 day moving average price of $115.13.

Roku Company Profile

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.