Roku (NASDAQ:ROKU) Trading Up 1.7% Following Analyst Upgrade

Shares of Roku, Inc. (NASDAQ:ROKU) rose 1.7% on Monday after JMP Securities raised their price target on the stock from $110.00 to $145.00. JMP Securities currently has a market outperform rating on the stock. Roku traded as high as $98.00 and last traded at $96.87. Approximately 992,570 shares were traded during trading, a decline of 75% from the average daily volume of 3,931,470 shares. The stock had previously closed at $95.24.

ROKU has been the subject of several other reports. Wedbush restated an “outperform” rating and set a $100.00 price target on shares of Roku in a report on Monday, July 28th. Susquehanna raised their price objective on shares of Roku from $85.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Pivotal Research lifted their target price on shares of Roku from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Guggenheim upped their target price on shares of Roku from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Roku has a consensus rating of “Moderate Buy” and an average target price of $100.36.

Insider Activity at Roku

In related news, CFO Dan Jedda sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.07, for a total value of $267,210.00. Following the sale, the chief financial officer owned 73,132 shares in the company, valued at approximately $6,513,867.24. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Matthew C. Banks sold 3,360 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $85.05, for a total transaction of $285,768.00. Following the sale, the chief accounting officer owned 5,195 shares of the company’s stock, valued at approximately $441,834.75. This represents a 39.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 318,588 shares of company stock worth $29,753,228 in the last three months. 13.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Berkshire Capital Holdings Inc. increased its position in shares of Roku by 1,413,400.0% during the 1st quarter. Berkshire Capital Holdings Inc. now owns 141,350 shares of the company’s stock valued at $9,957,000 after purchasing an additional 141,340 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Roku during the first quarter valued at approximately $6,026,000. Atika Capital Management LLC bought a new position in Roku in the first quarter worth approximately $5,086,000. Lecap Asset Management Ltd. bought a new position in Roku in the first quarter worth approximately $511,000. Finally, Siemens Fonds Invest GmbH purchased a new position in shares of Roku during the 4th quarter worth $1,681,000. Institutional investors own 86.30% of the company’s stock.

Roku Stock Performance

The stock has a market cap of $14.29 billion, a P/E ratio of -230.93, a P/E/G ratio of 13.91 and a beta of 2.05. The business’s 50-day moving average price is $90.60 and its 200-day moving average price is $78.28.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.23. Roku had a negative return on equity of 2.44% and a negative net margin of 1.40%.The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned ($0.18) EPS. Roku’s revenue for the quarter was up 14.7% compared to the same quarter last year. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Roku, Inc. will post -0.3 earnings per share for the current year.

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.