Roku (NASDAQ:ROKU) Given New $103.00 Price Target at Citigroup

Roku (NASDAQ:ROKU) had its price target increased by Citigroup from $70.00 to $103.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also weighed in on ROKU. Pivotal Research raised Roku from a “hold” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $125.00 in a report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price target on shares of Roku in a research note on Monday, February 10th. Morgan Stanley raised their price objective on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Wells Fargo & Company upgraded shares of Roku from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $74.00 to $129.00 in a research report on Friday, February 14th. Finally, UBS Group lifted their price target on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roku currently has an average rating of “Moderate Buy” and a consensus target price of $96.00.

Roku Stock Performance

ROKU stock opened at $92.79 on Thursday. The company has a fifty day moving average of $81.56 and a 200-day moving average of $74.73. Roku has a one year low of $48.33 and a one year high of $104.96.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities 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 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $77.18, for a total transaction of $77,180.00. Following the completion of the transaction, the chief financial officer now owns 63,555 shares of the company’s stock, valued at $4,905,174.90. This represents a 1.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,421 shares of company stock valued at $9,660,786. Company insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

A number of large investors have recently bought and sold shares of ROKU. Geneos Wealth Management Inc. increased its holdings in shares of Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after buying an additional 270 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in Roku during the fourth quarter valued at about $30,000. Raelipskie Partnership purchased a new stake in Roku during the third quarter valued at about $32,000. Game Plan Financial Advisors LLC acquired a new stake in Roku during the fourth quarter worth about $37,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares during the period. Hedge funds and other institutional investors 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.