Roku (NASDAQ:ROKU) Price Target Raised to $90.00

Roku (NASDAQ:ROKU) had its target price hoisted by UBS Group from $73.00 to $90.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company upgraded shares of Roku from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $74.00 to $129.00 in a report on Friday. Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Roku in a report on Monday, February 10th. Bank of America increased their price target on Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Moffett Nathanson downgraded Roku from a “neutral” rating to a “sell” rating and set a $55.00 price target for the company. in a report on Friday, January 10th. Finally, Robert W. Baird upgraded Roku from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $92.62.

Roku Price Performance

Shares of NASDAQ ROKU opened at $99.07 on Friday. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of -82.56 and a beta of 2.05. The business has a 50-day moving average of $80.56 and a 200-day moving average of $73.87. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. On average, sell-side analysts expect that Roku will post -1.09 EPS for the current year.

Insider Buying and Selling at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the completion of the sale, the chief financial officer now owns 65,555 shares of the company’s stock, valued at $4,916,625. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,421 shares of company stock worth $6,523,886 over the last 90 days. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP increased its position in Roku by 264.4% during the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock valued at $1,898,000 after purchasing an additional 18,520 shares during the period. Holocene Advisors LP purchased a new position in Roku during the 3rd quarter valued at about $129,015,000. Kessler Investment Group LLC increased its position in Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock valued at $5,672,000 after purchasing an additional 13,590 shares during the period. National Bank of Canada FI increased its position in Roku by 11,626.3% during the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after purchasing an additional 149,514 shares during the period. Finally, EULAV Asset Management increased its position in Roku by 59.1% during the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after purchasing an additional 68,000 shares during the period. Hedge funds and other institutional investors 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.