Roku (NASDAQ:ROKU) Price Target Raised to $95.00 at UBS Group

Key Points

• UBS Group has raised its price target for Roku (NASDAQ: ROKU) from $72.00 to $95.00, indicating a potential upside of 15.32% from the company's previous close.
• Analysts have mixed ratings on Roku, with one sell, seven hold, nineteen buy, and two strong buy ratings; the average target price is currently $99.16.
• Despite the positive outlook from some analysts, Roku's stock has recently traded down 12.5%, closing at $82.38 on Friday.

Roku (NASDAQ:ROKU - Get Free Report) had its price target upped by research analysts at UBS Group from $72.00 to $95.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price suggests a potential upside of 15.32% from the company's previous close.

Several other research analysts also recently issued reports on the stock. Guggenheim upped their price target on shares of Roku from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday. Benchmark restated a "buy" rating and issued a $130.00 target price on shares of Roku in a research note on Friday, May 2nd. Wall Street Zen raised shares of Roku from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Evercore ISI decreased their price target on shares of Roku from $105.00 to $80.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Finally, Wedbush boosted their price objective on Roku from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Roku currently has an average rating of "Moderate Buy" and an average price target of $99.16.

Roku Trading Down 12.5%

ROKU stock traded down $11.78 on Friday, hitting $82.38. 7,990,859 shares of the company's stock traded hands, compared to its average volume of 3,945,091. The stock has a market cap of $12.02 billion, a price-to-earnings ratio of -113.08 and a beta of 2.12. Roku has a 1-year low of $48.33 and a 1-year high of $104.96. The stock has a fifty day moving average of $83.07 and a 200-day moving average of $76.81.

Roku (NASDAQ:ROKU - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.23. Roku had a negative net margin of 2.49% and a negative return on equity of 4.29%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted ($0.18) earnings per share. The business's quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Roku

In other news, CFO Dan Jedda sold 3,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $90.20, for a total value of $270,600.00. Following the completion of the transaction, the chief financial officer directly owned 76,132 shares of the company's stock, valued at approximately $6,867,106.40. The trade was a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mai Fyfield sold 914 shares of Roku 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 transaction, the director owned 4,374 shares in the company, valued at $343,359. This trade represents a 17.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 308,873 shares of company stock valued at $28,076,913 in the last quarter. Corporate insiders own 13.98% of the company's stock.

Institutional Trading of Roku

Several institutional investors have recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Roku by 7.4% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,563 shares of the company's stock worth $313,000 after purchasing an additional 244 shares during the period. Wealthfront Advisers LLC increased its stake in Roku by 18.0% during the second quarter. Wealthfront Advisers LLC now owns 6,646 shares of the company's stock worth $584,000 after acquiring an additional 1,012 shares during the last quarter. Brighton Jones LLC purchased a new stake in Roku in the second quarter valued at $404,000. RedJay Asset Management Inc. grew its holdings in shares of Roku by 10.0% during the 2nd quarter. RedJay Asset Management Inc. now owns 55,000 shares of the company's stock worth $4,834,000 after purchasing an additional 5,000 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Roku in the 2nd quarter valued at about $256,000. 86.30% of the stock is 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.

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