Roku, Inc. (NASDAQ:ROKU) Receives Consensus Recommendation of “Hold” from Brokerages
Roku, Inc. (NASDAQ:ROKU – Get Free Report) has been given a consensus rating of “Hold” by the twenty-six analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $84.74.
Several research firms have recently commented on ROKU. DA Davidson upped their price target on Roku from $100.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Piper Sandler dropped their price objective on Roku from $90.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, October 11th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Roku in a report on Thursday, November 2nd. Susquehanna upped their price objective on Roku from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, November 2nd. Finally, Raymond James started coverage on Roku in a report on Wednesday, September 27th. They set a “market perform” rating on the stock.
Read Our Latest Stock Analysis on Roku
Insider Buying and Selling
In related news, insider Gidon Katz sold 1,968 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $80.00, for a total transaction of $157,440.00. Following the sale, the insider now owns 20,604 shares in the company, valued at $1,648,320. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Roku news, insider Gidon Katz sold 1,968 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $80.00, for a total transaction of $157,440.00. Following the transaction, the insider now owns 20,604 shares of the company’s stock, valued at $1,648,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mustafa Ozgen sold 33,684 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $103.90, for a total transaction of $3,499,767.60. Following the transaction, the insider now directly owns 2,418 shares in the company, valued at approximately $251,230.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,893 shares of company stock worth $10,078,479. 13.63% of the stock is owned by insiders.
Hedge Funds Weigh In On Roku
A number of large investors have recently bought and sold shares of the stock. Harbour Investments Inc. increased its position in shares of Roku by 3.3% in the third quarter. Harbour Investments Inc. now owns 3,499 shares of the company’s stock worth $247,000 after acquiring an additional 113 shares in the last quarter. Brighton Jones LLC increased its position in shares of Roku by 8.6% in the first quarter. Brighton Jones LLC now owns 1,874 shares of the company’s stock worth $235,000 after acquiring an additional 148 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Roku by 14.8% in the second quarter. Parallel Advisors LLC now owns 1,163 shares of the company’s stock worth $74,000 after acquiring an additional 150 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of Roku by 4.0% in the first quarter. IHT Wealth Management LLC now owns 4,060 shares of the company’s stock worth $509,000 after acquiring an additional 157 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of Roku by 35.3% in the third quarter. Spire Wealth Management now owns 621 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 69.21% of the company’s stock.
Roku Price Performance
Roku stock opened at $89.11 on Thursday. Roku has a 12 month low of $38.26 and a 12 month high of $108.84. The business has a 50 day simple moving average of $84.78 and a 200-day simple moving average of $78.12. The stock has a market capitalization of $12.70 billion, a PE ratio of -14.44 and a beta of 2.02.
Roku (NASDAQ:ROKU – Get Free Report) last released its quarterly earnings results on Wednesday, November 1st. The company reported ($2.33) EPS for the quarter, missing the consensus estimate of ($1.91) by ($0.42). Roku had a negative return on equity of 34.61% and a negative net margin of 25.79%. The company had revenue of $912.02 million for the quarter, compared to analysts’ expectations of $856.98 million. During the same quarter last year, the company earned ($0.88) EPS. Roku’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Roku will post -5.01 EPS for the current year.
Roku Company Profile (Get Free Report
Roku, Inc, together with its subsidiaries, operates a TV streaming platform. 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 company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.
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