Analysts Set Roku, Inc. (NASDAQ:ROKU) PT at $96.71

Shares of Roku, Inc. (NASDAQ:ROKU) have received a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $96.71.

A number of equities research analysts have issued reports on ROKU shares. Citizens Jmp raised shares of Roku to a “strong-buy” rating in a report on Tuesday, January 21st. UBS Group boosted their target price on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Roku in a report on Tuesday, January 7th. Robert W. Baird raised shares of Roku from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $70.00 to $90.00 in a report on Monday, November 18th. Finally, Wells Fargo & Company raised shares of Roku from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $74.00 to $129.00 in a report on Friday, February 14th.

Insider Buying and Selling at Roku

In related news, CAO Matthew C. Banks sold 1,906 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $80.36, for a total value of $153,166.16. Following the sale, the chief accounting officer now directly owns 7,256 shares of the company’s stock, valued at $583,092.16. This trade represents a 20.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $79.77, for a total value of $1,994,250.00. Following the completion of the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at $2,116,936.26. The trade was a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,308 shares of company stock worth $8,213,436 over the last three months. Company insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Several large investors have recently bought and sold shares of ROKU. Geneos Wealth Management Inc. boosted its position in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 270 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Roku during the 4th quarter valued at approximately $30,000. Raelipskie Partnership bought a new stake in Roku during the 3rd quarter valued at approximately $32,000. Game Plan Financial Advisors LLC purchased a new position in shares of Roku during the fourth quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Roku by 4,091.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock valued at $37,000 after purchasing an additional 491 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

Roku Trading Up 2.8 %

Roku stock opened at $69.65 on Friday. Roku has a 12 month low of $48.33 and a 12 month high of $104.96. The business’s 50 day simple moving average is $81.52 and its 200 day simple moving average is $77.13. The company has a market cap of $10.16 billion, a price-to-earnings ratio of -78.26 and a beta of 2.12.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative return on equity of 5.34% and a negative net margin of 3.15%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities research analysts forecast that Roku will post -0.3 earnings per share for the current fiscal 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.