Brokerages Set Roku, Inc. (NASDAQ:ROKU) Target Price at $83.18

Roku, Inc. (NASDAQ:ROKU - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-five brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, twelve have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $83.18.

A number of brokerages have weighed in on ROKU. Wells Fargo & Company raised their target price on shares of Roku from $72.00 to $74.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Robert W. Baird raised shares of Roku from a "neutral" rating to an "outperform" rating and raised their price target for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Baird R W raised shares of Roku from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. Bank of America lifted their target price on shares of Roku from $75.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Finally, Loop Capital lifted their target price on shares of Roku from $70.00 to $80.00 and gave the stock a "hold" rating in a research note on Monday, December 9th.

Insider Buying and Selling

In related news, CFO Dan Jedda sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the transaction, the chief financial officer now directly owns 63,555 shares in the company, valued at approximately $4,905,174.90. The trade was a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew C. Banks sold 8,693 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the transaction, the chief accounting officer now owns 7,264 shares in the company, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,095 shares of company stock worth $5,726,218. 13.98% of the stock is owned by insiders.

Institutional Trading of Roku

Several hedge funds have recently added to or reduced their stakes in the stock. Holocene Advisors LP bought a new stake in shares of Roku in the third quarter valued at approximately $129,015,000. Westfield Capital Management Co. LP raised its position in shares of Roku by 126.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company's stock valued at $114,646,000 after purchasing an additional 856,401 shares during the period. Point72 Asset Management L.P. raised its position in shares of Roku by 352.5% in the third quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company's stock valued at $48,653,000 after purchasing an additional 507,643 shares during the period. JAT Capital Mgmt LP raised its position in shares of Roku by 470.2% in the third quarter. JAT Capital Mgmt LP now owns 540,577 shares of the company's stock valued at $40,359,000 after purchasing an additional 445,777 shares during the period. Finally, FMR LLC raised its position in shares of Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company's stock valued at $1,087,824,000 after purchasing an additional 244,793 shares during the period. Institutional investors own 86.30% of the company's stock.

Roku Trading Down 3.0 %

Shares of NASDAQ:ROKU traded down $2.49 on Friday, reaching $81.29. 2,825,916 shares of the company's stock were exchanged, compared to its average volume of 2,985,212. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of -67.74 and a beta of 2.05. The company has a fifty day moving average of $76.87 and a 200-day moving average of $71.06. Roku has a twelve month low of $48.33 and a twelve month high of $99.80.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.29. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the business posted ($2.33) EPS. The firm's revenue for the quarter was up 16.5% on a year-over-year basis. As a group, equities research analysts forecast that Roku will post -1.09 EPS for the current fiscal year.

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.