Analysts Set Roku, Inc. (NASDAQ:ROKU) Price Target at $83.95

Roku, Inc. (NASDAQ:ROKU) has received a consensus recommendation of “Hold” from the twenty-three research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $83.95.

Several brokerages recently weighed in on ROKU. Macquarie reissued an “outperform” rating and set a $90.00 price target on shares of Roku in a research report on Thursday, October 31st. Jefferies Financial Group decreased their price target on Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Roku in a research report on Thursday, October 31st. Rosenblatt Securities boosted their target price on Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Bank of America upped their target price on shares of Roku from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 30th.

Roku Price Performance

NASDAQ:ROKU opened at $74.32 on Friday. Roku has a 1-year low of $48.33 and a 1-year high of $108.84. The company has a market capitalization of $10.79 billion, a PE ratio of -61.93 and a beta of 2.07. The firm’s 50-day moving average price is $74.12 and its 200-day moving average price is $64.51.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.29. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the company earned ($2.33) EPS. Equities analysts anticipate that Roku will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling at Roku

In related news, insider Charles Collier sold 15,454 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,159,050.00. Following the transaction, the insider now directly owns 200 shares in the company, valued at $15,000. The trade was a 98.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gilbert Fuchsberg sold 1,693 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $64.39, for a total transaction of $109,012.27. Following the transaction, the insider now owns 38,602 shares in the company, valued at $2,485,582.78. The trade was a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,776 shares of company stock valued at $5,267,305 in the last ninety days. Corporate insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

Large investors have recently bought and sold shares of the company. Swedbank AB purchased a new stake in Roku in the first quarter valued at $1,180,000. SG Americas Securities LLC grew its holdings in shares of Roku by 238.6% during the second quarter. SG Americas Securities LLC now owns 73,528 shares of the company’s stock worth $4,407,000 after buying an additional 51,815 shares in the last quarter. Kessler Investment Group LLC lifted its stake in shares of Roku by 21.8% in the third quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after buying an additional 13,590 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Roku by 23.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,822 shares of the company’s stock worth $4,094,000 after acquiring an additional 11,851 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Roku by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 11,946,605 shares of the company’s stock worth $778,560,000 after acquiring an additional 92,658 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.