Roku (NASDAQ:ROKU) Price Target Cut to $80.00 by Analysts at Susquehanna

Roku (NASDAQ:ROKU) had its price objective decreased by Susquehanna from $110.00 to $80.00 in a report published on Monday morning, Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other research analysts have also recently weighed in on ROKU. Stephens reiterated an overweight rating and set a $105.00 price objective on shares of Roku in a research report on Friday, February 16th. Needham & Company LLC reiterated a buy rating and set a $100.00 price objective on shares of Roku in a research report on Friday. Wedbush lowered their price objective on Roku from $80.00 to $75.00 and set an outperform rating on the stock in a research report on Friday. Morgan Stanley lowered their price objective on Roku from $65.00 to $60.00 and set an underweight rating on the stock in a research report on Friday, April 5th. Finally, Citigroup lowered their price objective on Roku from $110.00 to $75.00 and set a neutral rating on the stock in a research report on Wednesday, February 21st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $84.47.

Roku Stock Up 4.1 %

Shares of Roku stock opened at $58.66 on Monday. The business has a fifty day simple moving average of $62.53 and a two-hundred day simple moving average of $78.50. Roku has a 1 year low of $51.62 and a 1 year high of $108.84.

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

Insider Buying and Selling at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey M. Blackburn bought 8,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $63.96 per share, for a total transaction of $511,680.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at $511,680. The disclosure for this purchase can be found here. Insiders have sold a total of 54,545 shares of company stock worth $4,364,035 over the last 90 days. Insiders own 13.63% of the company’s stock.

Institutional Trading of Roku

A number of hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Roku by 243.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,045 shares of the company’s stock valued at $133,000 after purchasing an additional 1,449 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Roku by 30.0% during the first quarter. Principal Financial Group Inc. now owns 10,889 shares of the company’s stock valued at $710,000 after purchasing an additional 2,512 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Roku by 43.5% during the first quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Roku during the first quarter valued at about $61,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Roku by 4.1% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 28,000 shares of the company’s stock valued at $1,825,000 after purchasing an additional 1,100 shares in the last quarter. 86.30% of the stock is owned by institutional investors and hedge funds.

About Roku

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.