Roku, Inc. (NASDAQ:ROKU) Receives $82.50 Average Target Price from Analysts

Roku, Inc. (NASDAQ:ROKUGet Free Report) has been given a consensus rating of “Hold” by the twenty-two brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $82.50.

ROKU has been the topic of a number of recent research reports. Susquehanna cut their target price on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a research note on Monday, April 29th. Citigroup dropped their price objective on Roku from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Roku in a research report on Friday, May 17th. Wells Fargo & Company increased their price objective on Roku from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Friday, April 26th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $89.00 price objective on shares of Roku in a research report on Friday, April 26th.

Get Our Latest Stock Report on ROKU

Roku Trading Down 2.7 %

NASDAQ ROKU opened at $52.53 on Thursday. Roku has a 12 month low of $52.50 and a 12 month high of $108.84. The stock has a market cap of $7.57 billion, a P/E ratio of -13.17 and a beta of 1.92. The stock’s fifty day moving average price is $58.31 and its 200-day moving average price is $72.85.

Roku (NASDAQ:ROKUGet Free Report) last released its earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The firm had revenue of $881.50 million for the quarter, compared to analysts’ expectations of $843.54 million. During the same period in the prior year, the firm posted ($1.38) earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, analysts forecast that Roku will post -1.94 earnings per share for the current fiscal year.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 3,322 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total value of $189,652.98. Following the transaction, the senior vice president now owns 82,036 shares of the company’s stock, valued at $4,683,435.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Stephen H. Kay sold 3,322 shares of Roku stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $57.09, for a total transaction of $189,652.98. Following the sale, the senior vice president now owns 82,036 shares of the company’s stock, valued at approximately $4,683,435.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles Collier sold 7,181 shares of Roku stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $57.03, for a total value of $409,532.43. Following the sale, the insider now directly owns 15,654 shares in the company, valued at approximately $892,747.62. The disclosure for this sale can be found here. Insiders have sold 23,898 shares of company stock valued at $1,347,966 over the last quarter. 13.98% of the stock is currently owned by company insiders.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale raised its stake in Roku by 2.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 15,408 shares of the company’s stock valued at $1,007,000 after purchasing an additional 438 shares during the period. EULAV Asset Management grew its holdings in Roku by 59.2% during the 1st quarter. EULAV Asset Management now owns 121,000 shares of the company’s stock valued at $7,886,000 after buying an additional 45,000 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew 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 valued at $5,352,000 after buying an additional 3,400 shares in the last quarter. Cetera Investment Advisers grew its holdings in Roku by 240.3% during the 1st quarter. Cetera Investment Advisers now owns 41,805 shares of the company’s stock valued at $2,724,000 after buying an additional 29,521 shares in the last quarter. Finally, Swedbank AB purchased a new position in Roku during the 1st quarter valued at approximately $1,180,000. Institutional investors own 86.30% of the company’s stock.

About Roku

(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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