Brokerages Set Roku, Inc. (NASDAQ:ROKU) PT at $89.93

Shares of Roku, Inc. (NASDAQ:ROKU) have received a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, sixteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $89.93.

Several equities analysts recently commented on ROKU shares. Redburn Atlantic raised Roku from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, April 7th. Bank of America increased their target price on shares of Roku from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. Wedbush reiterated an “outperform” rating and set a $100.00 target price on shares of Roku in a research note on Monday, June 16th. Needham & Company LLC reiterated a “buy” rating and set a $88.50 target price on shares of Roku in a research note on Tuesday, June 17th. Finally, Citigroup reiterated a “neutral” rating and set a $84.00 target price (up previously from $68.00) on shares of Roku in a research note on Wednesday, June 18th.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,243 shares of the company’s stock, valued at $468,225. The trade was a 80.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew C. Banks sold 629 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $72.98, for a total transaction of $45,904.42. Following the sale, the chief accounting officer now directly owns 8,555 shares of the company’s stock, valued at $624,343.90. This represents a 6.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 64,227 shares of company stock worth $4,994,244. Insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Institutional investors have recently made changes to their positions in the stock. Garde Capital Inc. purchased a new stake in Roku during the 1st quarter worth $25,000. Banque Transatlantique SA purchased a new stake in Roku during the 1st quarter worth $28,000. Vision Financial Markets LLC purchased a new stake in Roku during the 4th quarter worth $30,000. Beaird Harris Wealth Management LLC purchased a new stake in Roku during the 1st quarter worth $30,000. Finally, Golden State Wealth Management LLC boosted its position in Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock worth $31,000 after purchasing an additional 247 shares during the period. 86.30% of the stock is owned by hedge funds and other institutional investors.

Roku Trading Down 0.1%

Roku stock opened at $83.63 on Monday. Roku has a twelve month low of $48.33 and a twelve month high of $104.96. The stock’s fifty day simple moving average is $70.96 and its 200-day simple moving average is $75.12. The firm has a market capitalization of $12.20 billion, a P/E ratio of -114.56 and a beta of 2.09.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.08. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Roku had a negative return on equity of 4.29% and a negative net margin of 2.49%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.35) earnings per share. Sell-side analysts predict that Roku will post -0.3 earnings per share for the current year.

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.