Brokerages Set Roku, Inc. (NASDAQ:ROKU) Target Price at $92.67

Roku, Inc. (NASDAQ:ROKU - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-seven brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $93.29.

ROKU has been the topic of several recent analyst reports. Wedbush reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Roku in a report on Monday, June 16th. Loop Capital raised shares of Roku from a "hold" rating to a "buy" rating and upped their price objective for the company from $80.00 to $100.00 in a research note on Tuesday, June 17th. Redburn Atlantic upgraded shares of Roku from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, April 7th. FBN Securities started coverage on shares of Roku in a report on Friday, March 28th. They set an "outperform" rating and a $93.00 price target for the company. Finally, Rosenblatt Securities cut their price target on shares of Roku from $100.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, May 2nd.

Insider Activity at Roku

In related news, CFO Dan Jedda sold 3,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $90.20, for a total transaction of $270,600.00. Following the transaction, the chief financial officer owned 76,132 shares in the company, valued at $6,867,106.40. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mai Fyfield sold 914 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $78.50, for a total value of $71,749.00. Following the completion of the sale, the director directly owned 4,374 shares of the company's stock, valued at approximately $343,359. This trade represents a 17.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,520 shares of company stock worth $7,898,294 in the last 90 days. Corporate insiders own 13.98% of the company's stock.

Institutional Investors Weigh In On Roku

Large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in Roku by 23.9% during the 4th quarter. Farther Finance Advisors LLC now owns 627 shares of the company's stock valued at $47,000 after purchasing an additional 121 shares during the last quarter. United Advisor Group LLC increased its position in shares of Roku by 0.9% in the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company's stock worth $1,073,000 after purchasing an additional 130 shares during the period. Cerity Partners LLC increased its position in shares of Roku by 0.5% in the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company's stock worth $1,984,000 after purchasing an additional 145 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of Roku by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company's stock worth $1,097,000 after purchasing an additional 160 shares during the period. Finally, Stonekeep Investments LLC grew its position in Roku by 4.9% in the second quarter. Stonekeep Investments LLC now owns 4,084 shares of the company's stock valued at $359,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

Roku Stock Up 2.4%

Roku stock traded up $2.19 during midday trading on Friday, reaching $93.29. The stock had a trading volume of 2,715,215 shares, compared to its average volume of 3,813,761. Roku has a 52-week low of $48.33 and a 52-week high of $104.96. The firm has a market cap of $13.62 billion, a price-to-earnings ratio of -127.79 and a beta of 2.12. The company has a fifty day moving average of $79.82 and a 200 day moving average of $76.13.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.35) earnings per share. Equities research analysts predict that Roku will post -0.3 EPS for the current 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.