Roku, Inc. (NASDAQ:ROKU) Receives $92.62 Average PT from Analysts

Roku, Inc. (NASDAQ:ROKU) has been assigned an average rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $96.00.

A number of equities research analysts have recently weighed in on ROKU shares. UBS Group raised their price target on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Citizens Jmp upgraded shares of Roku to a “strong-buy” rating in a research note on Tuesday, January 21st. Baird R W upgraded shares of Roku from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Macquarie restated an “outperform” rating and issued a $90.00 price target on shares of Roku in a research note on Thursday, October 31st. Finally, Citigroup raised their price target on shares of Roku from $70.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $99.95, for a total transaction of $199,900.00. Following the completion of the transaction, the chief financial officer now owns 56,555 shares in the company, valued at approximately $5,652,672.25. This trade represents a 3.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Tuesday, December 10th. The shares were 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 owns 26,538 shares of the company’s stock, valued at $2,193,100.32. This represents a 48.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,421 shares of company stock worth $9,660,786. 13.98% of the stock is currently owned by insiders.

Institutional Trading of Roku

Several hedge funds have recently modified their holdings of ROKU. Geneos Wealth Management Inc. increased its stake 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 acquiring an additional 270 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of Roku in the 4th quarter valued at $30,000. Raelipskie Partnership bought a new stake in shares of Roku in the 3rd quarter valued at $32,000. Game Plan Financial Advisors LLC acquired a new stake in Roku in the 4th quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd grew its position in Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after purchasing an additional 491 shares during the period. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

NASDAQ:ROKU opened at $91.24 on Tuesday. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The company has a market cap of $13.32 billion, a price-to-earnings ratio of -102.52 and a beta of 2.05. The stock has a fifty day moving average price of $81.83 and a 200-day moving average price of $75.55.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Research analysts predict that Roku will post -0.3 EPS for the current fiscal year.

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.