Roku (NASDAQ:ROKU) Price Target Raised to $110.00

Roku (NASDAQ:ROKU - Get Free Report) had its price target upped by JMP Securities from $95.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. JMP Securities' price target suggests a potential upside of 22.84% from the company's previous close.

ROKU has been the subject of several other research reports. Evercore ISI reduced their price objective on shares of Roku from $105.00 to $80.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Loop Capital raised shares of Roku from a "hold" rating to a "buy" rating and raised their price target for the stock from $80.00 to $100.00 in a research report on Tuesday, June 17th. Compass Point initiated coverage on shares of Roku in a report on Sunday, March 23rd. They issued a "buy" rating for the company. Piper Sandler increased their price objective on Roku from $65.00 to $84.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Benchmark reaffirmed a "buy" rating and issued a $130.00 target price on shares of Roku in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $93.92.

Roku Trading Down 2.3%

ROKU stock traded down $2.14 on Monday, hitting $89.55. The company had a trading volume of 2,899,856 shares, compared to its average volume of 3,815,400. The stock's 50-day simple moving average is $80.28 and its 200 day simple moving average is $76.26. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of -122.67 and a beta of 2.12. Roku has a 12-month low of $48.33 and a 12-month 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) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The firm'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 company earned ($0.35) EPS. Research analysts forecast that Roku will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 629 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $72.98, for a total transaction of $45,904.42. Following the completion of the sale, the chief accounting officer directly owned 8,555 shares in the company, valued at approximately $624,343.90. This trade represents a 6.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mai Fyfield sold 914 shares of Roku stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $78.50, for a total transaction of $71,749.00. Following the completion of the sale, the director owned 4,374 shares of the company's stock, valued at $343,359. This trade represents a 17.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,520 shares of company stock worth $7,898,294. 13.98% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Roku

A number of institutional investors have recently bought and sold shares of ROKU. FMR LLC grew its position in shares of Roku by 31.7% in the 4th quarter. FMR LLC now owns 19,183,942 shares of the company's stock valued at $1,426,134,000 after purchasing an additional 4,613,570 shares during the period. Vanguard Group Inc. increased its position in Roku by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 12,503,595 shares of the company's stock worth $880,753,000 after buying an additional 254,504 shares during the period. Marshall Wace LLP increased its position in shares of Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company's stock worth $173,644,000 after purchasing an additional 2,030,036 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Roku by 10.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,269,751 shares of the company's stock worth $168,734,000 after purchasing an additional 215,841 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Roku by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,147,259 shares of the company's stock valued at $159,353,000 after buying an additional 56,820 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company's stock.

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.