Roku (NASDAQ:ROKU) Price Target Raised to $115.00

Roku (NASDAQ:ROKU) had its target price increased by JMP Securities from $95.00 to $115.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Loop Capital increased their price target on shares of Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, December 9th. JPMorgan Chase & Co. increased their price target on shares of Roku from $92.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Bank of America increased their price target on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.62.

Roku Price Performance

Shares of ROKU opened at $99.07 on Friday. Roku has a 1-year low of $48.33 and a 1-year high of $104.96. The stock has a market cap of $14.38 billion, a PE ratio of -82.56 and a beta of 2.05. The firm has a fifty day moving average price of $80.56 and a 200 day moving average price of $73.87.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. As a group, equities analysts expect that Roku will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the sale, the chief financial officer now directly owns 65,555 shares in the company, valued at approximately $4,916,625. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,333,486.34. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,421 shares of company stock worth $6,523,886. 13.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Roku

Hedge funds have recently made changes to their positions in the business. Entropy Technologies LP grew its stake in shares of Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after purchasing an additional 18,520 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Roku in the third quarter worth approximately $129,015,000. Kessler Investment Group LLC increased its position in shares of Roku by 21.8% in the third quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after acquiring an additional 13,590 shares in the last quarter. National Bank of Canada FI increased its position in shares of Roku by 11,626.3% in the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after acquiring an additional 149,514 shares in the last quarter. Finally, EULAV Asset Management increased its position in shares of Roku by 59.1% in the third quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock worth $13,663,000 after acquiring an additional 68,000 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

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.