Brokerages Set Roku, Inc. (NASDAQ:ROKU) PT at $83.81

Roku, Inc. (NASDAQ:ROKU) has earned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $83.81.

ROKU has been the subject of a number of analyst reports. Rosenblatt Securities lifted their target price on shares of Roku from $61.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Loop Capital lifted their price objective on Roku from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Jefferies Financial Group cut their target price on Roku from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $100.00 price target (up from $85.00) on shares of Roku in a research report on Friday, December 6th.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $77.20, for a total value of $1,930,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares in the company, valued at approximately $387,544. The trade was a 83.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.73, for a total transaction of $82,730.00. Following the transaction, the chief financial officer now owns 64,555 shares of the company’s stock, valued at approximately $5,340,635.15. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,095 shares of company stock valued at $5,661,038. 13.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Roku by 1.7% in the third quarter. FMR LLC now owns 14,570,372 shares of the company’s stock valued at $1,087,824,000 after buying an additional 244,793 shares in the last quarter. Holocene Advisors LP acquired a new stake in Roku in the third quarter valued at $129,015,000. Westfield Capital Management Co. LP grew its position in shares of Roku by 126.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after acquiring an additional 856,401 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Roku by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,969 shares of the company’s stock valued at $71,373,000 after purchasing an additional 30,038 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in Roku by 352.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after purchasing an additional 507,643 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Up 3.9 %

Roku stock opened at $77.38 on Monday. The business’s 50-day simple moving average is $75.39 and its 200 day simple moving average is $69.24. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of -64.48 and a beta of 2.05. Roku has a 12-month low of $48.33 and a 12-month high of $99.80.

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

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.