Analysts Set Roku, Inc. (NASDAQ:ROKU) PT at $84.76

Shares of Roku, Inc. (NASDAQ:ROKU) have earned an average rating of “Hold” from the twenty-one analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $84.21.

A number of brokerages have commented on ROKU. Susquehanna decreased their price objective on Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a report on Monday. Stephens reaffirmed an “overweight” rating and issued a $105.00 price objective on shares of Roku in a report on Friday, February 16th. Pivotal Research decreased their price objective on Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Piper Sandler reaffirmed a “neutral” rating and issued a $65.00 price objective (down from $81.00) on shares of Roku in a report on Friday, April 26th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $89.00 target price on shares of Roku in a research report on Friday, April 26th.

Roku Trading Down 1.7 %

ROKU stock opened at $57.66 on Wednesday. The firm has a market capitalization of $8.28 billion, a PE ratio of -14.45 and a beta of 1.66. Roku has a 1-year low of $51.62 and a 1-year high of $108.84. The business’s 50 day simple moving average is $62.34 and its 200 day simple moving average is $78.45.

Roku (NASDAQ:ROKU) last posted its earnings results 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 business 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 firm’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.38) EPS. As a group, sell-side analysts predict that Roku will post -2.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Roku news, Director Jeffrey M. Blackburn bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $63.96 per share, with a total value of $511,680.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $511,680. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Roku news, SVP Stephen H. Kay sold 4,310 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the sale, the senior vice president now owns 81,459 shares of the company’s stock, valued at $5,148,208.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey M. Blackburn acquired 8,000 shares of Roku stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $63.96 per share, with a total value of $511,680.00. Following the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $511,680. The disclosure for this purchase can be found here. Insiders sold 54,545 shares of company stock valued at $4,364,035 over the last 90 days. Company insiders own 13.63% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. boosted its position in shares of Roku by 3.3% during the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock valued at $247,000 after buying an additional 113 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Roku by 0.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,949 shares of the company’s stock valued at $1,187,000 after buying an additional 117 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Roku by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,971 shares of the company’s stock valued at $4,415,000 after buying an additional 150 shares during the last quarter. Spire Wealth Management boosted its position in shares of Roku by 35.3% during the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Roku by 0.5% during the third 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 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.