Roku (NASDAQ:ROKU - Get Free Report)'s stock had its "market outperform" rating reiterated by JMP Securities in a research note issued on Monday,Benzinga reports. They currently have a $110.00 price objective on the stock. JMP Securities' target price would suggest a potential upside of 16.75% from the stock's current price.
ROKU has been the topic of several other reports. Benchmark restated a "buy" rating and set a $130.00 target price on shares of Roku in a research note on Friday, May 2nd. Wells Fargo & Company raised their price target on Roku from $100.00 to $113.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Susquehanna boosted their price target on Roku from $85.00 to $110.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Piper Sandler increased their price objective on shares of Roku from $65.00 to $84.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $98.96.
View Our Latest Analysis on Roku
Roku Stock Performance
NASDAQ:ROKU opened at $94.22 on Monday. Roku has a fifty-two week low of $52.43 and a fifty-two week high of $104.96. The stock has a market capitalization of $13.88 billion, a P/E ratio of -224.33, a P/E/G ratio of 13.19 and a beta of 2.05. The company's 50-day simple moving average is $87.45 and its 200-day simple moving average is $77.66.
Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.23. The firm had revenue of $1.11 billion during 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%. Roku's revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Roku will post -0.3 EPS for the current year.
Insider Buying and Selling at Roku
In other Roku news, insider Charles Collier sold 212,559 shares of Roku stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.00, for a total transaction of $20,193,105.00. Following the completion of the sale, the insider directly owned 200 shares in the company, valued at approximately $19,000. The trade was a 99.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $89.64, for a total transaction of $2,241,000.00. Following the completion of the sale, the chief executive officer directly owned 11,953 shares in the company, valued at $1,071,466.92. This trade represents a 67.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,233 shares of company stock valued at $30,690,391. 13.98% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Roku
Institutional investors have recently modified their holdings of the stock. Tableaux LLC acquired a new stake in shares of Roku during the 2nd quarter worth approximately $1,746,000. Acadian Asset Management LLC lifted its stake in shares of Roku by 456.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,905,779 shares of the company's stock valued at $134,222,000 after purchasing an additional 1,563,449 shares during the period. Cadian Capital Management LP purchased a new stake in Roku during the fourth quarter worth $87,632,000. Jacobs Levy Equity Management Inc. grew its position in Roku by 505.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,296,774 shares of the company's stock valued at $96,402,000 after buying an additional 1,082,548 shares during the period. Finally, Two Sigma Investments LP grew its position in Roku by 149.8% during the fourth quarter. Two Sigma Investments LP now owns 1,210,879 shares of the company's stock valued at $90,017,000 after buying an additional 726,077 shares during the period. Hedge funds and other institutional investors own 86.30% of the company's stock.
About Roku
(
Get Free Report)
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.
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