Roku (NASDAQ:ROKU) Price Target Raised to $90.00 at UBS Group

Roku (NASDAQ:ROKU) had its price objective lifted by UBS Group from $73.00 to $90.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

ROKU has been the topic of a number of other research reports. Benchmark upped their target price on shares of Roku from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Bank of America upped their target price on shares of Roku from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $74.00 to $129.00 in a research note on Friday. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and upped their target price for the company from $70.00 to $90.00 in a research note on Monday, November 18th. Finally, Macquarie reissued an “outperform” rating and issued a $90.00 target price on shares of Roku in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.18.

Roku Stock Up 14.1 %

Shares of ROKU opened at $99.07 on Friday. The company has a 50-day simple moving average of $80.56 and a 200-day simple moving average of $73.65. Roku has a 52 week low of $48.33 and a 52 week 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 4.42% and a negative return on equity of 7.22%. On average, research analysts anticipate that Roku will post -1.09 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $82.64, for a total value of $2,066,000.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now owns 7,264 shares in the company, valued at $518,940.16. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,885 shares of company stock worth $7,911,162 over the last ninety days. Company insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its holdings in Roku by 369.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 270 shares during the period. Vision Financial Markets LLC acquired a new stake in Roku in the fourth quarter worth $30,000. Raelipskie Partnership acquired a new stake in Roku in the third quarter worth $32,000. Game Plan Financial Advisors LLC acquired a new stake in Roku in the fourth quarter worth $37,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in Roku by 4,091.7% in the fourth 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. 86.30% of the stock is currently 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.