Roku (NASDAQ:ROKU) Stock Price Expected to Rise, Loop Capital Analyst Says

Roku (NASDAQ:ROKU - Get Free Report) had its target price upped by equities researchers at Loop Capital from $70.00 to $80.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "hold" rating on the stock. Loop Capital's target price suggests a potential downside of 4.90% from the company's previous close.

Several other equities analysts also recently weighed in on the company. Baird R W upgraded Roku from a "hold" rating to a "strong-buy" rating in a report on Monday, November 18th. Wolfe Research upgraded Roku from a "peer perform" rating to an "outperform" rating and set a $93.00 price objective for the company in a report on Thursday, September 12th. JPMorgan Chase & Co. raised their target price on Roku from $90.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Citigroup raised their target price on Roku from $60.00 to $77.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Finally, Wedbush reissued an "outperform" rating and issued a $100.00 target price (up from $85.00) on shares of Roku in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roku presently has a consensus rating of "Moderate Buy" and an average price target of $83.81.

Roku Price Performance

ROKU remained flat at $84.12 during trading on Monday. The company's stock had a trading volume of 3,690,757 shares, compared to its average volume of 4,442,356. The firm's 50 day simple moving average is $74.22 and its 200 day simple moving average is $66.11. The company has a market capitalization of $12.21 billion, a P/E ratio of -69.97 and a beta of 2.06. Roku has a twelve month low of $48.33 and a twelve month high of $108.84.

Roku (NASDAQ:ROKU - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned ($2.33) earnings per share. The company's revenue was up 16.5% on a year-over-year basis. Research analysts predict that Roku will post -1.1 EPS for the current year.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 1,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total transaction of $75,000.00. Following the transaction, the chief financial officer now owns 65,555 shares of the company's stock, valued at approximately $4,916,625. This represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles Collier sold 15,454 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total value of $1,159,050.00. Following the transaction, the insider now directly owns 200 shares in the company, valued at $15,000. The trade was a 98.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,550 shares of company stock worth $6,621,873 in the last quarter. 13.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roku

A number of hedge funds and other institutional investors have recently made changes to their positions in ROKU. GS Investments Inc. boosted its position in Roku by 33.4% during the third quarter. GS Investments Inc. now owns 587 shares of the company's stock valued at $44,000 after purchasing an additional 147 shares in the last quarter. PFG Investments LLC boosted its position in Roku by 3.7% during the third quarter. PFG Investments LLC now owns 4,157 shares of the company's stock valued at $310,000 after purchasing an additional 150 shares in the last quarter. True Vision MN LLC boosted its position in Roku by 3.1% during the third quarter. True Vision MN LLC now owns 5,018 shares of the company's stock valued at $375,000 after purchasing an additional 152 shares in the last quarter. Mcdonald Partners LLC boosted its position in Roku by 0.9% during the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company's stock valued at $1,175,000 after purchasing an additional 175 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Roku by 4.5% during the third quarter. Sequoia Financial Advisors LLC now owns 4,721 shares of the company's stock valued at $352,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 86.30% of the company's stock.

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.