Roku, Inc. (NASDAQ:ROKU) Receives $96.71 Average Target Price from Analysts

Shares of Roku, Inc. (NASDAQ:ROKU) have earned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $96.71.

ROKU has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Roku from $73.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Loop Capital increased their price objective on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a report on Monday, December 9th. Wells Fargo & Company upgraded Roku from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $129.00 in a research note on Friday, February 14th. Moffett Nathanson upgraded Roku from a “sell” rating to a “neutral” rating and set a $70.00 price target for the company in a research note on Tuesday, March 4th. Finally, Citigroup boosted their price target on Roku from $70.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th.

Insiders Place Their Bets

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares of the company’s stock, valued at approximately $2,116,936.26. This represents a 48.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $75.00, for a total transaction of $75,000.00. Following the sale, the chief financial officer now owns 68,843 shares in the company, valued at approximately $5,163,225. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,908 shares of company stock worth $8,633,436. Corporate insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

A number of large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Roku by 19.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,225 shares of the company’s stock valued at $463,000 after buying an additional 1,024 shares in the last quarter. Audent Global Asset Management LLC raised its position in Roku by 222.9% during the fourth quarter. Audent Global Asset Management LLC now owns 21,127 shares of the company’s stock worth $1,571,000 after acquiring an additional 14,584 shares during the period. Siemens Fonds Invest GmbH purchased a new position in Roku during the fourth quarter valued at $1,681,000. Fluent Financial LLC acquired a new stake in shares of Roku in the fourth quarter valued at about $660,000. Finally, United Advisor Group LLC increased its stake in shares of Roku by 0.9% during the fourth quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Roku Stock Performance

NASDAQ:ROKU opened at $78.29 on Friday. The firm has a 50-day simple moving average of $80.89 and a 200-day simple moving average of $77.14. Roku has a one year low of $48.33 and a one year high of $104.96. The firm has a market cap of $11.43 billion, a P/E ratio of -87.97 and a beta of 2.12.

Roku (NASDAQ:ROKU) last announced its earnings results 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 3.15% and a negative return on equity of 5.34%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, research analysts predict that Roku will post -0.3 EPS for the current fiscal year.

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.