Roku, Inc. (NASDAQ:ROKU) Receives $83.95 Average Price Target from Brokerages

Shares of Roku, Inc. (NASDAQ:ROKU) have received an average rating of “Hold” from the twenty-three brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $83.95.

ROKU has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Roku in a research note on Thursday, September 12th. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, August 23rd. Robert W. Baird raised their price objective on Roku from $56.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Piper Sandler lifted their target price on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley lifted their target price on Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th.

Roku Stock Performance

Shares of NASDAQ:ROKU opened at $68.87 on Friday. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of -57.39 and a beta of 2.07. The stock’s 50-day simple moving average is $74.36 and its two-hundred day simple moving average is $64.70. Roku has a 52-week low of $48.33 and a 52-week high of $108.84.

Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted ($2.33) earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, equities analysts forecast that Roku will post -1.1 earnings per share for the current fiscal year.

Insider Transactions at Roku

In related news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.25, for a total transaction of $76,250.00. Following the completion of the transaction, the chief financial officer now owns 53,267 shares in the company, valued at $4,061,608.75. The trade was a 1.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gilbert Fuchsberg sold 1,693 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the transaction, the insider now owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. The trade was a 4.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,776 shares of company stock worth $5,267,305. 13.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roku

Institutional investors and hedge funds have recently bought and sold shares of the company. Raelipskie Partnership bought a new stake in Roku during the 3rd quarter valued at $32,000. Future Financial Wealth Managment LLC bought a new stake in Roku during the 3rd quarter valued at $43,000. GS Investments Inc. raised its position in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after purchasing an additional 147 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Roku by 123.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Roku by 835.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after purchasing an additional 610 shares in the last quarter. 86.30% of the stock is owned by institutional investors.

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.