Brokerages Set Roku, Inc. (NASDAQ:ROKU) Target Price at $83.18

Shares of Roku, Inc. (NASDAQ:ROKU) have received an average rating of “Moderate Buy” from the twenty-five research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, twelve have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $83.18.

A number of brokerages have recently commented on ROKU. Jefferies Financial Group cut their price target on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. Loop Capital boosted their target price on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Roku in a research note on Tuesday, January 7th. Rosenblatt Securities boosted their price objective on shares of Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Roku in a research report on Wednesday, January 8th.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now directly owns 65,555 shares of the company’s stock, valued at approximately $4,916,625. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charles Collier sold 10,771 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the transaction, the insider now directly owns 3,790 shares in the company, valued at approximately $269,620.60. This represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,095 shares of company stock valued at $5,726,218. Company insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in shares of Roku by 3.5% during the second quarter. American Century Companies Inc. now owns 25,847 shares of the company’s stock worth $1,549,000 after purchasing an additional 877 shares during the period. Federated Hermes Inc. increased its stake in Roku by 32.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,695 shares of the company’s stock worth $102,000 after acquiring an additional 417 shares during the period. Envestnet Asset Management Inc. raised its holdings in Roku by 20.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 110,616 shares of the company’s stock valued at $6,629,000 after acquiring an additional 19,002 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Roku by 6.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,271 shares of the company’s stock valued at $675,000 after acquiring an additional 698 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Roku by 8.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 61,808 shares of the company’s stock worth $3,704,000 after purchasing an additional 4,768 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Performance

Shares of ROKU opened at $81.29 on Friday. The stock has a 50 day simple moving average of $77.30 and a 200 day simple moving average of $71.42. Roku has a 52-week low of $48.33 and a 52-week high of $99.80. The firm has a market capitalization of $11.80 billion, a PE ratio of -67.74 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data 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. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.33) earnings per share. Equities research analysts predict that Roku will post -1.09 EPS for the current fiscal year.

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.