Roku, Inc. (NASDAQ:ROKU) Receives $156.17 Average Target Price from Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have earned an average recommendation of “Hold” from the twenty-seven research firms that are presently covering the firm, Marketbeat.com reports. Nineteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $156.1667.

Several equities research analysts have issued reports on ROKU shares. Benchmark lifted their target price on shares of Roku from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Roku from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. William Blair downgraded shares of Roku from an “outperform” rating to a “market perform” rating in a research note on Monday, June 15th. Rosenblatt Securities reissued a “buy” rating and issued a $160.00 price target on shares of Roku in a research note on Monday, August 10th. Finally, Robert W. Baird restated a “neutral” rating and set a $160.00 price target on shares of Roku in a research report on Monday, June 15th.

Insider Buying and Selling

In other Roku news, Director Neil D. Hunt sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $146.25, for a total value of $292,500.00. Following the transaction, the director directly owned 9,629 shares of the company’s stock, valued at $1,408,241.25. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Matthew C. Banks sold 552 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $146.25, for a total value of $80,730.00. Following the transaction, the chief accounting officer owned 6,619 shares in the company, valued at approximately $968,028.75. This represents a 7.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 162,452 shares of company stock worth $22,052,982 in the last 90 days. Corporate insiders own 13.45% of the company’s stock.

Hedge Funds Weigh In On Roku

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. Raleigh Capital Management Inc. increased its stake in shares of Roku by 6.5% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock worth $144,000 after acquiring an additional 93 shares during the last quarter. Quantum Portfolio Management LLC raised its holdings in shares of Roku by 2.6% during the 1st quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock worth $391,000 after acquiring an additional 105 shares during the period. HB Wealth Management LLC boosted its position in shares of Roku by 3.7% during the 1st quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock valued at $326,000 after acquiring an additional 122 shares during the last quarter. Quarry LP boosted its position in shares of Roku by 21.7% during the 4th quarter. Quarry LP now owns 689 shares of the company’s stock valued at $75,000 after acquiring an additional 123 shares during the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in shares of Roku by 2.2% during the 4th quarter. Swiss Life Asset Management Ltd now owns 5,969 shares of the company’s stock valued at $648,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Price Performance

Shares of Roku stock opened at $158.18 on Friday. The stock has a market capitalization of $23.48 billion, a P/E ratio of 67.60 and a beta of 2.01. The business has a 50 day simple moving average of $144.80 and a two-hundred day simple moving average of $120.57. Roku has a 12 month low of $78.53 and a 12 month high of $159.69.

Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.47. Roku had a return on equity of 13.73% and a net margin of 6.82%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $0.07 earnings per share. The business’s revenue was up 21.9% on a year-over-year basis. As a group, research analysts anticipate that Roku will post 2.82 EPS for the current fiscal year.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.