Brokerages Set Roku, Inc. (NASDAQ:ROKU) Target Price at $83.81

Shares of Roku, Inc. (NASDAQ:ROKU) have been given an average recommendation of “Moderate Buy” by the twenty-four analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $83.81.

A number of brokerages have issued reports on ROKU. Benchmark reaffirmed a “buy” rating and issued a $105.00 target price on shares of Roku in a research note on Thursday, September 12th. Morgan Stanley lifted their target price on shares of Roku from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Moffett Nathanson raised shares of Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Tuesday, October 1st. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target (up previously from $85.00) on shares of Roku in a research report on Friday, December 6th. Finally, Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the transaction, the chief financial officer now owns 64,555 shares in the company, valued at $5,340,635.15. The trade was a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles Collier sold 10,771 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the sale, the insider now owns 3,790 shares in the company, valued at $269,620.60. The trade was a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,885 shares of company stock valued at $5,645,259 in the last three months. 13.98% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Raelipskie Partnership acquired a new position in Roku in the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after buying an additional 375 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Roku in the 3rd quarter valued at $43,000. GS Investments Inc. raised its stake in Roku by 33.4% during the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares in the last quarter. Finally, Cedar Wealth Management LLC purchased a new stake in Roku in the second quarter valued at $48,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Trading Down 0.7 %

NASDAQ:ROKU opened at $74.34 on Monday. Roku has a twelve month low of $48.33 and a twelve month high of $99.80. The company has a market cap of $10.79 billion, a P/E ratio of -61.95 and a beta of 2.06. The company’s 50-day moving average price is $75.34 and its 200-day moving average price is $68.92.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share 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 in the previous year, the firm posted ($2.33) EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, analysts expect that Roku will post -1.1 earnings per share for the current year.

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.