Roku (NASDAQ:ROKU) Given New $115.00 Price Target at JMP Securities

Roku (NASDAQ:ROKU) had its price target hoisted by analysts at JMP Securities from $95.00 to $115.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price target points to a potential upside of 16.08% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Wedbush restated an “outperform” rating and issued a $100.00 price objective on shares of Roku in a research report on Monday, February 10th. Baird R W upgraded Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $74.00 to $129.00 in a report on Friday. Robert W. Baird raised Roku from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $90.00 in a report on Monday, November 18th. Finally, Morgan Stanley raised their target price on shares of Roku from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.18.

Roku Stock Performance

Shares of ROKU stock opened at $99.07 on Friday. The stock’s fifty day moving average is $80.56 and its 200-day moving average is $73.76. Roku has a 52 week low of $48.33 and a 52 week high of $104.96. The stock has a market capitalization of $14.38 billion, a PE ratio of -82.56 and a beta of 2.05.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, analysts forecast that Roku will post -1.09 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $75.00, for a total value of $75,000.00. Following the sale, the chief financial officer now directly owns 65,555 shares in the company, valued at $4,916,625. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $87.93, for a total value of $2,198,250.00. Following the transaction, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at $2,333,486.34. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,885 shares of company stock worth $7,911,162 over the last quarter. 13.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Roku

Several institutional investors have recently bought and sold shares of ROKU. Farther Finance Advisors LLC raised its holdings in shares of Roku by 23.9% in the fourth quarter. Farther Finance Advisors LLC now owns 627 shares of the company’s stock valued at $47,000 after purchasing an additional 121 shares during the last quarter. Cerity Partners LLC grew its position in Roku by 0.5% in the fourth quarter. Cerity Partners LLC now owns 26,679 shares of the company’s stock valued at $1,984,000 after purchasing an additional 145 shares in the last quarter. GS Investments Inc. increased its stake in Roku by 33.4% in the 3rd quarter. GS Investments Inc. now owns 587 shares of the company’s stock valued at $44,000 after buying an additional 147 shares during the last quarter. PFG Investments LLC lifted its position in Roku by 3.7% during the 3rd quarter. PFG Investments LLC now owns 4,157 shares of the company’s stock worth $310,000 after buying an additional 150 shares in the last quarter. Finally, True Vision MN LLC grew its holdings in shares of Roku by 3.1% in the 3rd quarter. True Vision MN LLC now owns 5,018 shares of the company’s stock valued at $375,000 after acquiring an additional 152 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.