Roku (NASDAQ:ROKU) PT Lowered to $105.00 at Benchmark

Roku (NASDAQ:ROKU) had its target price cut by Benchmark from $115.00 to $105.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Oppenheimer cut shares of Roku from an outperform rating to a market perform rating in a research report on Friday, February 16th. Citigroup reduced their price objective on Roku from $110.00 to $75.00 and set a neutral rating for the company in a research report on Wednesday, February 21st. Pivotal Research dropped their target price on Roku from $85.00 to $75.00 and set a hold rating on the stock in a report on Friday, February 16th. Rosenblatt Securities reiterated a neutral rating and issued a $89.00 price target on shares of Roku in a research note on Friday. Finally, Morgan Stanley reduced their price objective on shares of Roku from $65.00 to $60.00 and set an underweight rating for the company in a research note on Friday, April 5th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $84.47.

Roku Price Performance

NASDAQ ROKU opened at $58.66 on Friday. Roku has a 1 year low of $51.62 and a 1 year high of $108.84. The stock has a market capitalization of $8.42 billion, a PE ratio of -14.70 and a beta of 1.66. The business’s 50-day moving average is $62.53 and its 200 day moving average is $78.50.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The firm had revenue of $881.50 million for the quarter, compared to analyst estimates of $843.54 million. Roku had a negative return on equity of 23.73% and a negative net margin of 15.64%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company earned ($1.38) EPS. As a group, equities research analysts anticipate that Roku will post -2.12 earnings per share for the current year.

Insider Activity at Roku

In other Roku news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $98.64, for a total value of $2,466,000.00. Following the transaction, the chief executive officer now directly owns 141,221 shares of the company’s stock, valued at $13,930,039.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Charles Collier sold 12,277 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $65.06, for a total value of $798,741.62. Following the completion of the sale, the insider now directly owns 4,292 shares in the company, valued at approximately $279,237.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the transaction, the chief executive officer now owns 141,221 shares in the company, valued at $13,930,039.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,545 shares of company stock worth $4,364,035. 13.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ROKU. Harbour Investments Inc. grew its stake in shares of Roku by 3.3% during the 3rd quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock valued at $247,000 after acquiring an additional 113 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Roku by 0.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock worth $1,187,000 after purchasing an additional 117 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Roku by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock worth $4,415,000 after purchasing an additional 150 shares in the last quarter. Spire Wealth Management lifted its stake in shares of Roku by 35.3% during the 3rd quarter. Spire Wealth Management now owns 621 shares of the company’s stock valued at $44,000 after buying an additional 162 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Roku by 0.5% during the 3rd quarter. Arizona State Retirement System now owns 33,655 shares of the company’s stock valued at $2,376,000 after buying an additional 173 shares in the last quarter. 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.