Roku, Inc. (NASDAQ:ROKU) Receives $82.62 Consensus Target Price from Analysts

Roku, Inc. (NASDAQ:ROKU - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-four ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $82.62.

Several research firms recently commented on ROKU. Citigroup upped their price target on shares of Roku from $60.00 to $77.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Loop Capital raised their target price on shares of Roku from $65.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Guggenheim upgraded shares of Roku from a "neutral" rating to a "buy" rating and set a $75.00 price target for the company in a research report on Friday, August 23rd. Piper Sandler increased their price target on Roku from $60.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Benchmark reaffirmed a "buy" rating and issued a $105.00 price objective on shares of Roku in a report on Thursday, September 12th.

Roku Price Performance

Roku stock traded down $0.91 during trading hours on Thursday, hitting $82.03. The company had a trading volume of 4,288,745 shares, compared to its average volume of 4,446,438. Roku has a one year low of $48.33 and a one year high of $108.84. The firm has a market cap of $11.91 billion, a PE ratio of -68.36 and a beta of 2.06. The firm has a 50-day moving average of $74.03 and a 200 day moving average of $65.83.

Roku (NASDAQ:ROKU - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned ($2.33) earnings per share. The firm's quarterly revenue was up 16.5% compared to the same quarter last year. As a group, research analysts expect that Roku will post -1.1 earnings per share for the current year.

Insider Activity

In related news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the transaction, the chief financial officer now directly owns 65,555 shares of the company's stock, valued at $4,916,625. The trade was a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the completion of the sale, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. The trade was a 83.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,550 shares of company stock valued at $6,621,873. Insiders own 13.98% of the company's stock.

Hedge Funds Weigh In On Roku

A number of hedge funds have recently bought and sold shares of ROKU. Franklin Resources Inc. increased its holdings in Roku by 14.5% in the third quarter. Franklin Resources Inc. now owns 82,170 shares of the company's stock worth $6,275,000 after purchasing an additional 10,416 shares in the last quarter. Sender Co & Partners Inc. bought a new stake in shares of Roku in the 3rd quarter valued at $827,000. M&T Bank Corp lifted its position in shares of Roku by 19.1% during the 3rd quarter. M&T Bank Corp now owns 7,024 shares of the company's stock valued at $525,000 after acquiring an additional 1,126 shares during the period. Raelipskie Partnership bought a new position in Roku during the third quarter worth $32,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Roku by 14.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 36,420 shares of the company's stock worth $2,719,000 after purchasing an additional 4,500 shares during the period. 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.