Roku, Inc. (NASDAQ:ROKU) Receives $145.29 Consensus PT from Analysts

Roku, Inc. (NASDAQ:ROKU) has been given a consensus recommendation of “Moderate Buy” by the twenty-six brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $146.9583.

A number of brokerages have issued reports on ROKU. Guggenheim increased their price objective on shares of Roku from $140.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday. Evercore reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Roku in a report on Friday. Rosenblatt Securities increased their price objective on shares of Roku from $118.00 to $150.00 and gave the company a “buy” rating in a report on Friday, May 1st. Pivotal Research reaffirmed a “buy” rating and set a $160.00 price objective (up from $140.00) on shares of Roku in a report on Friday, May 1st. Finally, Robert W. Baird increased their price objective on shares of Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, May 11th.

Insider Buying and Selling at Roku

In other Roku news, insider Mustafa Ozgen sold 10,194 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $144.00, for a total transaction of $1,467,936.00. Following the completion of the sale, the insider directly owned 19,185 shares of the company’s stock, valued at $2,762,640. This trade represents a 34.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $3,250,000.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 721,194 shares of company stock worth $82,169,949. Insiders own 13.45% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raleigh Capital Management Inc. grew its holdings in shares of Roku by 6.5% in the first quarter. Raleigh Capital Management Inc. now owns 1,522 shares of the company’s stock valued at $144,000 after purchasing an additional 93 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Roku by 1.5% in the fourth quarter. Apollon Wealth Management LLC now owns 6,450 shares of the company’s stock valued at $700,000 after purchasing an additional 96 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Roku by 1.0% in the third quarter. Thoroughbred Financial Services LLC now owns 9,945 shares of the company’s stock valued at $995,000 after purchasing an additional 100 shares in the last quarter. Quantum Portfolio Management LLC grew its holdings in shares of Roku by 2.6% in the first quarter. Quantum Portfolio Management LLC now owns 4,135 shares of the company’s stock valued at $391,000 after purchasing an additional 105 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Roku by 3.7% in the first quarter. HB Wealth Management LLC now owns 3,447 shares of the company’s stock valued at $326,000 after purchasing an additional 122 shares in the last quarter. 86.30% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Roku

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku is reportedly in sale talks, including a possible media tie-up, which could signal a strategic transaction or premium valuation if a deal materializes. Roku said to be in sale talks, including likely media tie-up, Bloomberg News reports
• Positive Sentiment: Evercore ISI raised its price target to $185 from $160 and kept a bullish rating, reinforcing optimism around Roku’s monetization efforts in its home screen and advertising-tech initiatives. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Positive Sentiment: Additional recent price-target hikes from firms like Morgan Stanley have added to the bullish analyst narrative, suggesting Wall Street sees more upside in Roku’s ad and platform strategy. Roku shares jump as fresh bullish analyst notes extend recent price-target hikes
• Neutral Sentiment: Several media stories highlighted Roku’s expanding free channels and consumer product discounts, but these appear more promotional than material fundamental catalysts. Roku Quietly Added Four New Free Channels For The Month Of June
• Negative Sentiment: CEO Anthony Wood sold 18,000 shares in a pre-arranged trading plan, which may add some caution, although the sale was not necessarily a bearish signal. Roku (NASDAQ:ROKU) CEO Anthony Wood Sells 18,000 Shares

Roku Trading Up 20.1%

NASDAQ ROKU opened at $143.66 on Monday. Roku has a 12 month low of $73.91 and a 12 month high of $148.88. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of 108.02 and a beta of 2.06. The company’s 50 day moving average is $118.73 and its two-hundred day moving average is $106.23.

Roku (NASDAQ:ROKU) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.23. Roku had a net margin of 4.06% and a return on equity of 7.64%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm posted ($0.19) EPS. The company’s revenue was up 22.4% on a year-over-year basis. Sell-side analysts forecast that Roku will post 2.41 EPS for the current year.

Roku Company Profile

Roku, Inc (NASDAQ: ROKU) is a technology company that develops and operates a proprietary streaming platform designed to deliver entertainment content to consumers via internet-connected devices and smart televisions. Since its inception in 2002 in California, Roku has focused on simplifying access to streaming services for viewers worldwide. The company’s platform enables users to discover, access and manage a wide array of over-the-top content from major streaming services, free ad-supported channels and niche providers.

At the core of Roku’s product lineup are a range of streaming players and sticks, which connect to televisions via HDMI and deliver the Roku OS experience.