Roku (NASDAQ:ROKU) Price Target Raised to $130.00

Roku (NASDAQ:ROKU) had its price target raised by Benchmark from $100.00 to $130.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

ROKU has been the topic of several other reports. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Jefferies Financial Group lowered their price target on shares of Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a report on Friday, November 1st. 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roku currently has a consensus rating of “Moderate Buy” and an average target price of $92.62.

Roku Stock Up 14.1 %

NASDAQ ROKU opened at $99.07 on Friday. The company has a market cap of $14.38 billion, a PE ratio of -82.56 and a beta of 2.05. Roku has a 52 week low of $48.33 and a 52 week high of $104.96. The firm’s 50-day simple moving average is $80.56 and its two-hundred day simple moving average is $73.87.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. As a group, equities research analysts anticipate that Roku will post -1.09 EPS for the current year.

Insider Transactions at Roku

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

Institutional Trading of Roku

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. Geneos Wealth Management Inc. lifted its position in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC purchased a new position in Roku during the fourth quarter valued at $30,000. Raelipskie Partnership purchased a new position in Roku during the third quarter valued at $32,000. Game Plan Financial Advisors LLC purchased a new position in Roku during the fourth quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after buying an additional 491 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.