Brokerages Set Roku, Inc. (NASDAQ:ROKU) PT at $84.76

Shares of Roku, Inc. (NASDAQ:ROKU) have been assigned an average rating of “Hold” from the twenty-one analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $86.05.

Several research firms recently weighed in on ROKU. Stephens restated an “overweight” rating and set a $105.00 price target on shares of Roku in a research report on Friday, February 16th. Oppenheimer cut shares of Roku from an “outperform” rating to a “market perform” rating in a research report on Friday, February 16th. Morgan Stanley lowered their price objective on shares of Roku from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, April 5th. Wells Fargo & Company increased their price objective on shares of Roku from $45.00 to $52.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Roku in a research report on Friday.

Roku Stock Down 10.3 %

ROKU stock opened at $56.35 on Wednesday. The company’s 50-day simple moving average is $62.80 and its 200-day simple moving average is $78.57. Roku has a 52-week low of $51.62 and a 52-week high of $108.84. The firm has a market cap of $8.09 billion, a P/E ratio of -14.12 and a beta of 1.66.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.29. Roku had a negative net margin of 15.64% and a negative return on equity of 23.73%. The firm had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same quarter in the prior year, the firm earned ($1.38) EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, analysts anticipate that Roku will post -2.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other news, SVP Stephen H. Kay sold 4,310 shares of Roku stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the sale, the senior vice president now owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total transaction of $2,466,000.00. Following the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Stephen H. Kay sold 4,310 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total transaction of $272,392.00. Following the sale, the senior vice president now directly owns 81,459 shares in the company, valued at approximately $5,148,208.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,545 shares of company stock worth $4,364,035. 13.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roku

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in Roku during the fourth quarter worth about $27,000. Creative Financial Designs Inc. ADV acquired a new position in Roku during the fourth quarter worth about $29,000. Federated Hermes Inc. acquired a new position in Roku during the third quarter worth about $37,000. Quarry LP raised its position in Roku by 160.2% during the fourth quarter. Quarry LP now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares during the last quarter. Finally, Headinvest LLC acquired a new position in Roku during the third quarter worth about $42,000. Institutional investors and hedge funds 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.