Roku (NASDAQ:ROKU) Rating Reiterated by Benchmark

Roku (NASDAQ:ROKU)‘s stock had its “buy” rating restated by Benchmark in a report issued on Thursday, Benzinga reports. They presently have a $105.00 price target on the stock. Benchmark’s target price suggests a potential upside of 49.68% from the company’s current price.

ROKU has been the topic of a number of other reports. Guggenheim raised shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Friday, August 23rd. Wells Fargo & Company raised shares of Roku from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $50.00 to $72.00 in a research note on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Roku in a research note on Thursday, June 20th. Wolfe Research raised shares of Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price target on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Roku from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $78.25.

Roku Trading Up 6.8 %

NASDAQ:ROKU opened at $70.15 on Thursday. The company’s 50-day moving average price is $61.24 and its 200-day moving average price is $60.50. Roku has a twelve month low of $48.33 and a twelve month high of $108.84. The company has a market cap of $10.15 billion, a P/E ratio of -17.58 and a beta of 2.06.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The company had revenue of $968.18 million for the quarter, compared to the consensus estimate of $937.78 million. During the same period in the previous year, the firm earned ($0.76) earnings per share. Roku’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts expect that Roku will post -1.45 earnings per share for the current year.

Insider Activity at Roku

In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the business’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 completion of the transaction, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Roku news, insider Gilbert Fuchsberg sold 1,693 shares of the business’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 completion of the transaction, the insider now owns 38,602 shares in the company, valued at approximately $2,485,582.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles Collier sold 3,590 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total transaction of $233,350.00. Following the completion of the transaction, the insider now owns 12,064 shares of the company’s stock, valued at approximately $784,160. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,491 shares of company stock worth $355,755. Corporate insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP raised its position in Roku by 160.2% in the 4th quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares during the last quarter. Benjamin Edwards Inc. raised its position in Roku by 43.5% in the 1st quarter. Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Roku by 123.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 679 shares of the company’s stock valued at $40,000 after purchasing an additional 375 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Roku by 835.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 683 shares of the company’s stock valued at $45,000 after purchasing an additional 610 shares during the last quarter. Finally, Cedar Wealth Management LLC purchased a new stake in Roku in the 2nd quarter valued at $48,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

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.