Roku (NASDAQ:ROKU) Price Target Lowered to $100.00 at Wedbush

Roku (NASDAQ:ROKU) had its price objective trimmed by Wedbush from $125.00 to $100.00 in a research report report published on Monday morning, Marketbeat reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on ROKU. Piper Sandler initiated coverage on Roku in a research report on Thursday, April 17th. They set a “neutral” rating and a $65.00 price target on the stock. Benchmark restated a “buy” rating and issued a $130.00 price objective on shares of Roku in a report on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of Roku from $115.00 to $75.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. FBN Securities began coverage on shares of Roku in a research report on Friday, March 28th. They issued an “outperform” rating and a $93.00 target price on the stock. Finally, Jefferies Financial Group upgraded shares of Roku from an “underperform” rating to a “hold” rating and upped their price target for the company from $55.00 to $100.00 in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.93.

Roku Trading Up 3.7 %

Shares of NASDAQ ROKU opened at $68.14 on Monday. The business has a 50-day moving average of $70.51 and a 200-day moving average of $75.45. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of -76.56 and a beta of 2.17. Roku has a 12 month low of $48.33 and a 12 month high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. On average, analysts predict that Roku will post -0.3 earnings per share for the current year.

Insider Transactions at Roku

In related news, insider Charles Collier sold 7,181 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $78.25, for a total transaction of $561,913.25. Following the sale, the insider now owns 7,380 shares of the company’s stock, valued at $577,485. The trade was a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony J. Wood sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $345,000.00. Following the transaction, the chief executive officer now directly owns 6,243 shares of the company’s stock, valued at $468,225. This represents a 42.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,905 shares of company stock valued at $6,560,876. Corporate insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its stake in Roku by 369.9% during 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 last quarter. Garde Capital Inc. purchased a new position in shares of Roku in the 1st quarter worth about $25,000. Vision Financial Markets LLC purchased a new stake in Roku during the 4th quarter valued at about $30,000. Golden State Wealth Management LLC increased its stake in Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock valued at $31,000 after purchasing an additional 247 shares in the last quarter. Finally, Game Plan Financial Advisors LLC purchased a new position in Roku in the fourth quarter worth about $37,000. Hedge funds and other institutional investors 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.