Roku (NASDAQ:ROKU) Price Target Lowered to $125.00 at Citigroup

Roku (NASDAQ:ROKUGet Rating) had its price target reduced by Citigroup from $165.00 to $125.00 in a research note released on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on ROKU. Deutsche Bank Aktiengesellschaft reduced their price objective on Roku from $210.00 to $150.00 in a research report on Friday, April 29th. Bank of America lowered Roku from a buy rating to an underperform rating and reduced their price objective for the stock from $125.00 to $55.00 in a research report on Friday, July 29th. Pivotal Research reduced their price objective on Roku from $80.00 to $60.00 and set a hold rating on the stock in a research report on Friday, July 29th. Raymond James assumed coverage on Roku in a research report on Tuesday, July 26th. They set a market perform rating on the stock. Finally, KeyCorp reduced their price objective on Roku from $105.00 to $80.00 and set an overweight rating on the stock in a research report on Friday, July 29th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $141.15.

Roku Stock Performance

Shares of ROKU opened at $82.26 on Wednesday. Roku has a 52-week low of $62.00 and a 52-week high of $412.00. The business’s fifty day moving average is $86.94 and its 200-day moving average is $109.56. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of -228.50 and a beta of 1.73.

Roku (NASDAQ:ROKUGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.76) by ($0.06). Roku had a negative net margin of 1.51% and a negative return on equity of 1.66%. The business had revenue of $764.00 million during the quarter, compared to the consensus estimate of $804.64 million. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, research analysts forecast that Roku will post -3.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Mustafa Ozgen sold 4,973 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $100.00, for a total transaction of $497,300.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Scott A. Rosenberg sold 1,957 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total transaction of $182,803.37. Following the transaction, the vice president now directly owns 78,676 shares of the company’s stock, valued at approximately $7,349,125.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Mustafa Ozgen sold 4,973 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $100.00, for a total value of $497,300.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,598 shares of company stock valued at $742,501. 15.32% of the stock is owned by company insiders.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Roku by 131.4% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 995 shares of the company’s stock worth $126,000 after purchasing an additional 565 shares in the last quarter. Stephens Inc. AR increased its holdings in Roku by 8.7% during the 1st quarter. Stephens Inc. AR now owns 2,589 shares of the company’s stock worth $324,000 after purchasing an additional 208 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Roku by 347.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 7,650 shares of the company’s stock worth $958,000 after purchasing an additional 5,940 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Roku by 655.0% during the 4th quarter. Ensign Peak Advisors Inc now owns 6,040 shares of the company’s stock worth $1,378,000 after purchasing an additional 5,240 shares in the last quarter. Finally, abrdn plc increased its holdings in Roku by 3.5% during the 4th quarter. abrdn plc now owns 13,798 shares of the company’s stock worth $3,149,000 after purchasing an additional 470 shares in the last quarter. 68.77% of the stock is owned by institutional investors.

Roku Company Profile

(Get Rating)

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

Further Reading

Analyst Recommendations for Roku (NASDAQ:ROKU)

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