Analysts Set Roku, Inc. (NASDAQ:ROKU) PT at $83.81

Roku, Inc. (NASDAQ:ROKU) has received an average recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $83.81.

Several brokerages have issued reports on ROKU. Morgan Stanley boosted their price objective on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Bank of America boosted their price target on shares of Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. UBS Group assumed coverage on shares of Roku in a research report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 price objective for the company. Citigroup boosted their target price on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company raised their price target on Roku from $72.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st.

Roku Trading Down 0.7 %

Shares of ROKU opened at $74.34 on Monday. The company’s 50 day simple moving average is $75.34 and its 200-day simple moving average is $68.92. The firm has a market cap of $10.79 billion, a PE ratio of -61.95 and a beta of 2.06. Roku has a 12-month low of $48.33 and a 12-month high of $99.80.

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

Insider Activity at Roku

In other news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.73, for a total transaction of $82,730.00. Following the completion of the sale, the chief financial officer now directly 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 filing with the SEC, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,193,100.32. The trade was a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,885 shares of company stock valued at $5,645,259. 13.98% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Roku

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in Roku by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 500,794 shares of the company’s stock valued at $30,013,000 after purchasing an additional 24,926 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of Roku by 25.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 14,456 shares of the company’s stock worth $866,000 after buying an additional 2,940 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Roku in the 2nd quarter worth $80,000. nVerses Capital LLC grew its position in Roku by 100.0% during the second quarter. nVerses Capital LLC now owns 3,200 shares of the company’s stock valued at $192,000 after acquiring an additional 1,600 shares during the period. Finally, AM Squared Ltd acquired a new stake in Roku during the second quarter worth about $66,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.