Roku (NASDAQ:ROKU) Given New $145.00 Price Target at JMP Securities

Key Points

• JMP Securities raised its price target for Roku's stock from $110.00 to $145.00, suggesting a potential upside of 49.24% from its current trading price.
• The company reported a revenue increase of 14.7% year-over-year, achieving earnings of $0.07 per share and surpassing estimates by $0.23.
• A significant portion of Roku's stock, approximately 86.30%, is currently owned by institutional investors, indicating strong investor confidence in the company.

Roku (NASDAQ:ROKU - Get Free Report) had its price target hoisted by analysts at JMP Securities from $110.00 to $145.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. JMP Securities' price objective would indicate a potential upside of 55.22% from the company's previous close.

ROKU has been the topic of several other reports. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Roku in a research note on Monday, July 28th. Pivotal Research lifted their target price on shares of Roku from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Bank of America lifted their target price on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. KeyCorp lifted their target price on shares of Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Susquehanna lifted their target price on shares of Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Roku Stock Down 3.1%

Shares of NASDAQ:ROKU traded down $2.97 during midday trading on Monday, reaching $93.42. The company's stock had a trading volume of 2,303,886 shares, compared to its average volume of 3,939,990. The firm has a market capitalization of $13.76 billion, a PE ratio of -222.22, a P/E/G ratio of 13.29 and a beta of 2.05. Roku has a twelve month low of $52.43 and a twelve month high of $104.96. The stock has a fifty day moving average of $90.93 and a 200 day moving average of $78.43.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.23. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm's revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.18) earnings per share. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts anticipate that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Matthew C. Banks sold 3,360 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $85.05, for a total transaction of $285,768.00. Following the completion of the sale, the chief accounting officer owned 5,195 shares in the company, valued at approximately $441,834.75. The trade was a 39.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mustafa Ozgen sold 50,527 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $5,052,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 394,115 shares of company stock worth $37,305,928. Insiders own 13.98% of the company's stock.

Institutional Trading of Roku

Several institutional investors have recently modified their holdings of ROKU. Garde Capital Inc. purchased a new stake in Roku in the 1st quarter valued at $25,000. Banque Transatlantique SA acquired a new position in Roku in the 1st quarter valued at $28,000. Beaird Harris Wealth Management LLC acquired a new position in Roku in the 1st quarter valued at $30,000. Golden State Wealth Management LLC increased its stake in Roku by 125.4% in the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after buying an additional 247 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in Roku in the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

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.