Roku, Inc. (NASDAQ:ROKU) Receives $78.75 Average PT from Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have received an average recommendation of “Hold” from the twenty-two brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $79.10.

A number of brokerages have commented on ROKU. Guggenheim raised Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Friday, August 23rd. Bank of America decreased their price objective on Roku from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Macquarie dropped their target price on shares of Roku from $88.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Wedbush restated an “outperform” rating and set a $75.00 price target on shares of Roku in a research report on Friday, August 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $105.00 price objective on shares of Roku in a report on Thursday, September 12th.

Insider Activity

In related news, insider Charles Collier sold 3,590 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 12,064 shares of the company’s stock, valued at approximately $784,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Roku news, insider Charles Collier sold 3,590 shares of the 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 transaction, the insider now owns 12,064 shares of the company’s stock, valued at $784,160. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of Roku 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 sale, the insider now owns 38,602 shares of the company’s stock, valued at $2,485,582.78. The disclosure for this sale can be found here. Insiders have sold a total of 46,945 shares of company stock valued at $3,465,135 in the last quarter. Insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Roku by 160.2% in the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 266 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Roku by 43.5% during the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after acquiring an additional 187 shares during the period. EverSource Wealth Advisors LLC grew its position in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after acquiring an additional 375 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Roku by 835.6% during the first quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock worth $45,000 after purchasing an additional 610 shares during the period. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Roku during the second quarter worth about $48,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Roku Price Performance

Roku stock opened at $74.41 on Friday. The company’s fifty day moving average price is $64.43 and its 200 day moving average price is $61.55. Roku has a 1 year low of $48.33 and a 1 year high of $108.84.

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