Wedbush Lowers Roku (NASDAQ:ROKU) Price Target to $100.00

Roku (NASDAQ:ROKU - Get Free Report) had its price target cut by Wedbush from $125.00 to $100.00 in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has an "outperform" rating on the stock. Wedbush's price target indicates a potential upside of 61.26% from the company's current price. Wedbush also issued estimates for Roku's Q1 2026 earnings at ($0.14) EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.42 EPS and Q4 2026 earnings at $0.47 EPS.

Several other equities research analysts have also recently issued reports on the stock. Citigroup reaffirmed an "outperform" rating on shares of Roku in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of Roku from $115.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Citizens Jmp upgraded Roku to a "strong-buy" rating in a report on Tuesday, January 21st. Redburn Atlantic upgraded Roku from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a report on Monday, April 7th. Finally, Jefferies Financial Group upgraded Roku from an "underperform" rating to a "hold" rating and upped their target price for the company from $55.00 to $100.00 in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $89.46.

Roku Stock Performance

NASDAQ ROKU traded down $5.26 during trading hours on Monday, reaching $62.01. The company's stock had a trading volume of 11,017,197 shares, compared to its average volume of 4,126,818. The stock has a market cap of $9.05 billion, a PE ratio of -69.68 and a beta of 2.17. The company's 50-day moving average is $69.14 and its two-hundred day moving average is $75.29. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $104.96.

Roku (NASDAQ:ROKU - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted ($0.35) earnings per share. Roku's revenue was up 15.8% compared to the same quarter last year. Equities analysts expect that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Dan Jedda sold 5,000 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $100.40, for a total value of $502,000.00. Following the completion of the sale, the chief financial officer now owns 58,555 shares of the company's stock, valued at approximately $5,878,922. The trade was a 7.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 4,600 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the completion of the sale, the chief executive officer now owns 6,243 shares in the company, valued at approximately $468,225. This trade represents a 42.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,905 shares of company stock worth $6,560,876. 13.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its stake in Roku by 369.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company's stock valued at $25,000 after purchasing an additional 270 shares during the last quarter. Garde Capital Inc. bought a new position in Roku during the 1st quarter worth $25,000. Vision Financial Markets LLC acquired a new position in shares of Roku during the fourth quarter valued at $30,000. Golden State Wealth Management LLC boosted its stake 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 during the first quarter worth approximately $35,000. 86.30% of the stock is owned by institutional investors.

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.