Roku, Inc. (NASDAQ:ROKU) Receives $92.62 Average Target Price from Brokerages

Shares of Roku, Inc. (NASDAQ:ROKU) have earned a consensus rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $96.00.

A number of equities analysts have issued reports on ROKU shares. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $129.00 in a report on Friday, February 14th. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Bank of America lifted their price objective on shares of Roku from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $65.00 to $125.00 in a report on Friday, February 14th.

Roku Trading Up 2.7 %

NASDAQ ROKU opened at $91.24 on Tuesday. The company has a fifty day simple moving average of $81.83 and a 200 day simple moving average of $75.55. Roku has a 12-month low of $48.33 and a 12-month high of $104.96. The company has a market cap of $13.32 billion, a P/E ratio of -102.52 and a beta of 2.05.

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

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $2,510,000.00. Following the transaction, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,664,415.20. This represents a 48.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dan Jedda sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.73, for a total transaction of $82,730.00. Following the completion of the transaction, the chief financial officer now owns 64,555 shares in the company, valued at approximately $5,340,635.15. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 109,421 shares of company stock worth $9,660,786. Company insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its position in shares of Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in Roku in the fourth quarter worth approximately $30,000. Raelipskie Partnership purchased a new stake in Roku in the third quarter worth approximately $32,000. Game Plan Financial Advisors LLC purchased a new stake in Roku in the fourth quarter worth approximately $37,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in Roku by 4,091.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after buying an additional 491 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

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.