Roku, Inc. (NASDAQ:ROKU) Receives $89.46 Consensus PT from Analysts

Roku, Inc. (NASDAQ:ROKU - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-six analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, sixteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $89.46.

A number of brokerages have recently issued reports on ROKU. Guggenheim restated a "buy" rating and set a $100.00 price objective on shares of Roku in a report on Friday. Redburn Atlantic upgraded shares of Roku from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Monday, April 7th. Wells Fargo & Company dropped their price objective on shares of Roku from $129.00 to $93.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Moffett Nathanson raised shares of Roku from a "sell" rating to a "neutral" rating and set a $70.00 target price on the stock in a report on Tuesday, March 4th. Finally, Rosenblatt Securities dropped their price target on shares of Roku from $100.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday.

Roku Stock Performance

ROKU traded down $5.72 during trading on Friday, reaching $61.55. 13,858,009 shares of the stock were exchanged, compared to its average volume of 3,752,270. The stock's 50 day moving average price is $68.66 and its two-hundred day moving average price is $75.16. Roku has a twelve month low of $48.33 and a twelve month high of $104.96. The stock has a market cap of $8.98 billion, a P/E ratio of -69.16 and a beta of 2.06.

Roku (NASDAQ:ROKU - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.27) by $0.08. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the business earned ($0.35) EPS. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. Equities research analysts predict that Roku will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Dan Jedda sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the completion of the transaction, the chief financial officer now owns 68,843 shares of the company's stock, valued at $5,163,225. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $100.40, for a total transaction of $2,510,000.00. Following the completion of the transaction, the chief executive officer now owns 26,538 shares of the company's stock, valued at approximately $2,664,415.20. This trade represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,111 shares of company stock valued at $6,575,362. 13.98% of the stock is currently owned by insiders.

Institutional Trading of Roku

A number of institutional investors and hedge funds have recently bought and sold shares of ROKU. Geneos Wealth Management Inc. grew its position in shares of Roku by 369.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after buying an additional 270 shares during the last quarter. Garde Capital Inc. bought a new stake in Roku in the first quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in Roku during the 4th quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its position in Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock valued at $31,000 after purchasing an additional 247 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Roku in the 1st quarter worth approximately $35,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.