Roku (NASDAQ:ROKU) PT Raised to $90.00 at Macquarie

Roku (NASDAQ:ROKU) had its target price raised by Macquarie from $72.00 to $90.00 in a report released on Thursday morning, Benzinga reports. They currently have an outperform rating on the stock.

ROKU has been the topic of a number of other research reports. Bank of America lifted their price target on shares of Roku from $75.00 to $90.00 and gave the company a buy rating in a research note on Monday, September 30th. Wolfe Research raised shares of Roku from a peer perform rating to an outperform rating and set a $93.00 target price for the company in a research note on Thursday, September 12th. Wedbush reissued an outperform rating and issued a $75.00 price target on shares of Roku in a research note on Friday, August 2nd. Wells Fargo & Company raised Roku from an underweight rating to an equal weight rating and upped their price objective for the stock from $50.00 to $72.00 in a research report on Thursday, September 5th. Finally, Robert W. Baird lifted their target price on Roku from $56.00 to $75.00 and gave the company a neutral rating in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $81.14.

Roku Stock Up 0.6 %

Shares of NASDAQ ROKU opened at $75.89 on Thursday. Roku has a twelve month low of $48.33 and a twelve month high of $108.84. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of -19.02 and a beta of 2.08. The company’s fifty day moving average is $66.00 and its 200-day moving average is $61.88.

Roku (NASDAQ:ROKU) last posted its earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.21. The firm had revenue of $968.18 million during the quarter, compared to analysts’ expectations of $937.78 million. Roku had a negative return on equity of 21.03% and a negative net margin of 13.16%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.76) earnings per share. On average, research analysts anticipate that Roku will post -1.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Charles Collier sold 3,590 shares of Roku stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $233,350.00. Following the completion of the transaction, the insider now directly owns 12,064 shares in the company, valued at approximately $784,160. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Charles Collier sold 3,590 shares of Roku stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total transaction of $233,350.00. Following the completion of the sale, the insider now owns 12,064 shares of the company’s stock, valued at approximately $784,160. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gilbert Fuchsberg sold 1,693 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the completion of the transaction, the insider now directly owns 38,602 shares in the company, valued at approximately $2,485,582.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,156 shares of company stock valued at $3,481,100 over the last 90 days. 13.98% of the stock is currently owned by insiders.

Institutional Trading of Roku

Several institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its holdings in shares of Roku by 20.9% during the third quarter. Handelsbanken Fonder AB now owns 30,100 shares of the company’s stock worth $2,247,000 after buying an additional 5,200 shares in the last quarter. Centaurus Financial Inc. raised its stake in Roku by 8.7% in the 2nd quarter. Centaurus Financial Inc. now owns 5,020 shares of the company’s stock worth $301,000 after purchasing an additional 400 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Roku in the 2nd quarter worth about $1,378,000. Granite Bay Wealth Management LLC bought a new stake in Roku in the 2nd quarter valued at about $1,142,000. Finally, Quarry LP grew its position in shares of Roku by 127.9% during the 2nd quarter. Quarry LP now owns 1,682 shares of the company’s stock worth $101,000 after purchasing an additional 944 shares in the last quarter. 86.30% of the stock is currently 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.