Roku (NASDAQ:ROKU) Earns Outperform Rating from Wedbush

Roku (NASDAQ:ROKU)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research report issued on Wednesday,RTT News reports. They currently have a $100.00 target price on the stock. Wedbush’s price target points to a potential upside of 20.48% from the company’s current price. Wedbush also issued estimates for Roku’s FY2026 earnings at $0.22 EPS.

Several other brokerages also recently issued reports on ROKU. Citigroup upped their price target on shares of Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. UBS Group initiated coverage on shares of Roku in a research note on Friday, November 22nd. They issued a “neutral” rating and a $73.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Roku in a research note on Tuesday. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $70.00 to $90.00 in a research note on Monday, November 18th. Finally, Loop Capital lifted their target price on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. 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 to the stock. Based on data from MarketBeat.com, Roku has a consensus rating of “Moderate Buy” and a consensus target price of $83.81.

Roku Trading Up 6.4 %

NASDAQ ROKU opened at $83.00 on Wednesday. The company’s 50 day moving average is $75.61 and its two-hundred day moving average is $69.80. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of -69.17 and a beta of 2.05. Roku has a 12 month low of $48.33 and a 12 month high of $99.80.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned ($2.33) EPS. The business’s revenue was up 16.5% on a year-over-year basis. Sell-side analysts forecast that Roku will post -1.1 EPS for the current year.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction that occurred on 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 owns 64,555 shares in the company, valued at approximately $5,340,635.15. The trade was a 1.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles Collier sold 10,771 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.14, for a total transaction of $766,248.94. Following the completion of the transaction, the insider now directly owns 3,790 shares in the company, valued at $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,095 shares of company stock worth $3,731,038 in the last three months. 13.98% of the stock is owned by company insiders.

Institutional Trading of Roku

A number of large investors have recently bought and sold shares of ROKU. GS Investments Inc. boosted its holdings in shares of Roku by 33.4% in the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. PFG Investments LLC boosted its holdings in Roku by 3.7% in the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock valued at $310,000 after purchasing an additional 150 shares in the last quarter. True Vision MN LLC increased its position in Roku by 3.1% during the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock worth $375,000 after purchasing an additional 152 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Roku by 4.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company’s stock worth $352,000 after buying an additional 202 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Roku by 11.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,207 shares of the company’s stock worth $165,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

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.