Roku (NASDAQ:ROKU) Price Target Raised to $125.00

Roku (NASDAQ:ROKU) had its price objective raised by JPMorgan Chase & Co. from $115.00 to $125.00 in a report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Raymond James Financial reissued a “market perform” rating on shares of Roku in a report on Friday, October 31st. JMP Securities reiterated a “market outperform” rating and set a $145.00 price target on shares of Roku in a research note on Thursday, October 2nd. Pivotal Research increased their price objective on Roku from $120.00 to $135.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Wedbush lifted their target price on Roku from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, UBS Group upped their target price on Roku from $95.00 to $103.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.09.

Roku Stock Up 1.1%

ROKU opened at $107.47 on Friday. The company has a market cap of $15.88 billion, a P/E ratio of -537.32 and a beta of 1.98. The firm’s 50-day moving average price is $99.18 and its 200-day moving average price is $92.83. Roku has a 52-week low of $52.43 and a 52-week high of $116.66.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, October 30th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Roku had a negative net margin of 0.61% and a negative return on equity of 1.08%. Roku’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the business earned ($0.06) EPS. On average, research analysts anticipate that Roku will post -0.3 EPS for the current fiscal year.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 50,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $103.86, for a total value of $5,193,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charles Collier sold 118,088 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $115.00, for a total transaction of $13,580,120.00. Following the sale, the insider directly owned 200 shares in the company, valued at $23,000. This trade represents a 99.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 487,668 shares of company stock valued at $51,665,126. Insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently modified their holdings of ROKU. AQR Capital Management LLC raised its holdings in Roku by 275.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,586,125 shares of the company’s stock worth $258,897,000 after purchasing an additional 1,897,407 shares during the period. Tableaux LLC purchased a new stake in shares of Roku in the second quarter valued at approximately $1,746,000. Acadian Asset Management LLC raised its stake in shares of Roku by 456.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company’s stock worth $134,222,000 after buying an additional 1,563,449 shares during the period. Holocene Advisors LP raised its stake in shares of Roku by 352.3% during the 3rd quarter. Holocene Advisors LP now owns 1,650,448 shares of the company’s stock worth $165,259,000 after buying an additional 1,285,585 shares during the period. Finally, Duquesne Family Office LLC lifted its position in shares of Roku by 123.0% during the 2nd quarter. Duquesne Family Office LLC now owns 1,100,500 shares of the company’s stock valued at $96,723,000 after buying an additional 606,900 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.