Roku (NASDAQ:ROKU) Given New $103.00 Price Target at Citigroup

Roku (NASDAQ:ROKU) had its price objective hoisted by Citigroup from $70.00 to $103.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also recently commented on the stock. Bank of America boosted their target price on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley upped their price objective on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. JMP Securities lifted their target price on Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and increased their price target for the company from $70.00 to $90.00 in a report on Monday, November 18th. Finally, Citizens Jmp upgraded Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Roku Trading Up 0.4 %

Shares of NASDAQ ROKU opened at $92.79 on Thursday. The stock has a fifty day moving average price of $81.56 and a 200 day moving average price of $74.73. Roku has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. On average, equities analysts expect that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,193,100.32. This trade represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dan Jedda sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $100.40, for a total value of $502,000.00. Following the transaction, the chief financial officer now owns 58,555 shares of the company’s stock, valued at approximately $5,878,922. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,421 shares of company stock valued at $9,660,786. 13.98% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fourth Dimension Wealth LLC acquired a new stake in Roku in the fourth quarter worth about $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Roku by 7.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 527,191 shares of the company’s stock worth $39,191,000 after acquiring an additional 37,945 shares during the period. Waverly Advisors LLC boosted its holdings in shares of Roku by 8.2% in the fourth quarter. Waverly Advisors LLC now owns 3,765 shares of the company’s stock valued at $280,000 after acquiring an additional 285 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Roku during the fourth quarter valued at approximately $1,970,000. Finally, Twinbeech Capital LP bought a new stake in Roku during the fourth quarter worth approximately $4,615,000. 86.30% of the stock is owned by institutional investors and hedge funds.

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.