Brokerages Set Roku, Inc. (NASDAQ:ROKU) Target Price at $83.95

Shares of Roku, Inc. (NASDAQ:ROKU) have been given a consensus recommendation of “Hold” by the twenty-three analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $83.95.

Several equities research analysts have issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research report on Friday, November 1st. Bank of America lifted their price target on Roku from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Loop Capital upped their price objective on Roku from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Wedbush lifted their target price on Roku from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Friday, August 23rd.

Insider Activity

In related news, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total value of $109,012.27. Following the completion of the transaction, the insider now owns 38,602 shares of the company’s stock, valued at $2,485,582.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares in the company, valued at approximately $376,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the transaction, the insider now owns 38,602 shares of the company’s stock, valued at approximately $2,485,582.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,776 shares of company stock worth $5,267,305. Corporate insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

Several large investors have recently modified their holdings of ROKU. Future Financial Wealth Managment LLC acquired a new stake in Roku in the third quarter valued at $43,000. GS Investments Inc. raised its position in shares of Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company’s stock worth $44,000 after acquiring an additional 147 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Roku by 123.4% in the second quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock worth $40,000 after acquiring an additional 375 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Roku by 835.6% in the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after acquiring an additional 610 shares during the last quarter. Finally, Cedar Wealth Management LLC acquired a new stake in Roku during the 2nd quarter valued at approximately $48,000. Institutional investors own 86.30% of the company’s stock.

Roku Trading Down 0.6 %

Shares of NASDAQ ROKU opened at $76.62 on Friday. Roku has a 12 month low of $48.33 and a 12 month high of $108.84. The stock has a 50 day moving average of $73.89 and a 200-day moving average of $64.44. The company has a market capitalization of $11.13 billion, a P/E ratio of -63.85 and a beta of 2.07.

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. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned ($2.33) earnings per share. Analysts predict that Roku will post -1.1 EPS for the current fiscal 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.