Analysts Set Roku, Inc. (NASDAQ:ROKU) PT at $82.50

Roku, Inc. (NASDAQ:ROKUGet Free Report) has received a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $82.50.

Several equities analysts have recently weighed in on the company. Benchmark decreased their target price on Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Morgan Stanley reduced their price objective on Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, April 5th. Wedbush reduced their price objective on Roku from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Seaport Res Ptn upgraded Roku from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Roku in a research report on Friday, May 17th.

View Our Latest Stock Report on ROKU

Roku Price Performance

NASDAQ ROKU opened at $52.53 on Thursday. The company has a market cap of $7.57 billion, a PE ratio of -13.17 and a beta of 1.92. The stock’s 50 day simple moving average is $58.31 and its 200-day simple moving average is $72.85. Roku has a 1-year low of $52.50 and a 1-year high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last released its earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.64) by $0.29. The business had revenue of $881.50 million for the quarter, compared to the consensus estimate of $843.54 million. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the business posted ($1.38) earnings per share. On average, equities research analysts anticipate that Roku will post -1.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Mai Fyfield sold 650 shares of Roku stock in a transaction on Monday, June 10th. The stock was sold at an average price of $57.88, for a total value of $37,622.00. Following the completion of the sale, the director now directly owns 3,259 shares of the company’s stock, valued at $188,630.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Stephen H. Kay sold 12,124 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $55.59, for a total transaction of $673,973.16. Following the completion of the transaction, the senior vice president now directly owns 91,905 shares of the company’s stock, valued at approximately $5,108,998.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mai Fyfield sold 650 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $57.88, for a total value of $37,622.00. Following the transaction, the director now directly owns 3,259 shares of the company’s stock, valued at $188,630.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,898 shares of company stock valued at $1,347,966. 13.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Roku

A number of institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale lifted its holdings in Roku by 2.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 15,408 shares of the company’s stock worth $1,007,000 after buying an additional 438 shares during the last quarter. EULAV Asset Management lifted its holdings in Roku by 59.2% during the 1st quarter. EULAV Asset Management now owns 121,000 shares of the company’s stock worth $7,886,000 after buying an additional 45,000 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in Roku by 4.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 82,121 shares of the company’s stock worth $5,352,000 after buying an additional 3,400 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Roku by 240.3% during the 1st quarter. Cetera Investment Advisers now owns 41,805 shares of the company’s stock worth $2,724,000 after buying an additional 29,521 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Roku during the 1st quarter worth about $1,180,000. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Roku (NASDAQ:ROKU)

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