Roku (NASDAQ:ROKU) had its price target lifted by Needham & Company LLC from $120.00 to $150.00 in a report published on Monday, Briefing.com Automated Import reports. Needham & Company LLC currently has a buy rating on the stock.
A number of other equities research analysts have also weighed in on ROKU. Royal Bank of Canada restated a sector perform rating and issued a $107.00 price objective (up from $90.00) on shares of Roku in a report on Thursday, August 8th. KeyCorp raised their price objective on shares of Roku from $76.00 to $84.00 and gave the company an overweight rating in a report on Thursday, May 9th. Morgan Stanley raised their price objective on shares of Roku from $46.00 to $70.00 and gave the company an equal weight rating in a report on Friday, May 10th. ValuEngine lowered shares of Roku from a buy rating to a hold rating in a report on Tuesday, July 2nd. Finally, Macquarie restated a neutral rating and issued a $110.00 price objective (up from $66.00) on shares of Roku in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $102.98.
Shares of ROKU stock opened at $129.40 on Monday. Roku has a 52 week low of $26.30 and a 52 week high of $142.10. The stock has a market capitalization of $15.23 billion, a PE ratio of -1,617.50 and a beta of 2.04. The firm has a 50 day moving average of $106.20 and a two-hundred day moving average of $80.62.
Roku (NASDAQ:ROKU) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.14. Roku had a negative net margin of 2.41% and a negative return on equity of 7.91%. The company had revenue of $250.10 million during the quarter, compared to analysts’ expectations of $223.36 million. The business’s quarterly revenue was up 59.5% compared to the same quarter last year. On average, sell-side analysts predict that Roku will post -0.57 earnings per share for the current fiscal year.
In related news, Director Alan S. Henricks sold 6,000 shares of Roku stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $90.00, for a total transaction of $540,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Scott A. Rosenberg sold 13,000 shares of Roku stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $88.94, for a total transaction of $1,156,220.00. The disclosure for this sale can be found here. Insiders have sold a total of 626,733 shares of company stock worth $64,151,652 over the last quarter. 22.70% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Roku by 17.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 87,395 shares of the company’s stock worth $2,678,000 after purchasing an additional 12,709 shares in the last quarter. Stifel Financial Corp boosted its holdings in Roku by 13.8% during the 4th quarter. Stifel Financial Corp now owns 9,930 shares of the company’s stock valued at $303,000 after acquiring an additional 1,205 shares during the period. Millennium Management LLC boosted its holdings in Roku by 48.5% during the 4th quarter. Millennium Management LLC now owns 41,606 shares of the company’s stock valued at $1,275,000 after acquiring an additional 13,583 shares during the period. Norges Bank purchased a new stake in Roku during the 4th quarter valued at about $14,477,000. Finally, Geode Capital Management LLC boosted its holdings in Roku by 16.0% during the 4th quarter. Geode Capital Management LLC now owns 544,746 shares of the company’s stock valued at $16,691,000 after acquiring an additional 75,051 shares during the period. Hedge funds and other institutional investors own 50.30% of the company’s stock.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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