Roku, Inc. (NASDAQ:ROKU) Receives $87.93 Consensus Target Price from Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have received an average rating of “Moderate Buy” from the twenty-six ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $87.93.

ROKU has been the topic of several recent analyst reports. Evercore ISI cut their price objective on shares of Roku from $105.00 to $80.00 and set an “in-line” rating on the stock in a report on Friday, May 2nd. Redburn Atlantic upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday, April 7th. Wells Fargo & Company cut their price objective on shares of Roku from $129.00 to $93.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. UBS Group cut their price objective on shares of Roku from $90.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Finally, FBN Securities assumed coverage on shares of Roku in a report on Friday, March 28th. They issued an “outperform” rating and a $93.00 price target on the stock.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now owns 68,843 shares in the company, valued at $5,163,225. This trade represents a 1.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the transaction, the chief executive officer now owns 6,243 shares in the company, valued at $468,225. This trade represents a 80.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,100 shares of company stock worth $3,039,215. Corporate insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ROKU. Janney Montgomery Scott LLC purchased a new position in shares of Roku during the 4th quarter valued at approximately $1,353,000. Mutual Advisors LLC purchased a new position in shares of Roku during the 4th quarter valued at approximately $207,000. Fifth Third Bancorp lifted its position in shares of Roku by 24.9% during the 4th quarter. Fifth Third Bancorp now owns 1,119 shares of the company’s stock valued at $83,000 after buying an additional 223 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares in the last quarter. Finally, PFG Investments LLC lifted its position in shares of Roku by 4.9% during the 4th quarter. PFG Investments LLC now owns 4,361 shares of the company’s stock valued at $324,000 after buying an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

ROKU stock opened at $71.57 on Thursday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of -80.42 and a beta of 2.06. The firm has a 50-day simple moving average of $65.51 and a two-hundred day simple moving average of $74.39. Roku has a one year low of $48.33 and a one year high of $104.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.08. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities analysts predict that Roku will post -0.3 earnings per share 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.