Roku (NASDAQ:ROKU) has been assigned a $120.00 target price by Oppenheimer in a research note issued on Monday, TipRanks reports. The firm presently has a “buy” rating on the stock. Oppenheimer’s price target would suggest a potential downside of 19.87% from the company’s current price.
A number of other equities analysts have also weighed in on the company. Macquarie reissued a “neutral” rating and issued a $110.00 target price (up previously from $66.00) on shares of Roku in a research report on Thursday, August 8th. DA Davidson raised their price target on shares of Roku from $135.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Cannonball Research set a $105.00 price target on shares of Roku and gave the company a “buy” rating in a report on Wednesday, August 7th. Loop Capital lifted their price target on shares of Roku to $80.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Finally, Zacks Investment Research cut shares of Roku from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Roku presently has an average rating of “Buy” and a consensus target price of $111.14.
Shares of Roku stock traded up $5.62 on Monday, reaching $149.76. The company’s stock had a trading volume of 18,416,653 shares, compared to its average volume of 12,783,871. Roku has a 52 week low of $26.30 and a 52 week high of $176.55. The firm’s fifty day simple moving average is $131.68 and its two-hundred day simple moving average is $93.24. The company has a market capitalization of $18.72 billion, a price-to-earnings ratio of -1,872.00 and a beta of 1.78.
In other Roku news, CEO Anthony J. Wood sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $103.35, for a total transaction of $41,340,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Scott A. Rosenberg sold 13,000 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $88.94, for a total value of $1,156,220.00. The disclosure for this sale can be found here. Insiders sold a total of 641,585 shares of company stock valued at $69,218,423 in the last ninety days. 22.70% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Joseph P. Lucia & Associates LLC purchased a new stake in Roku in the 2nd quarter worth about $43,000. Flagship Harbor Advisors LLC lifted its position in shares of Roku by 64.5% during the second quarter. Flagship Harbor Advisors LLC now owns 477 shares of the company’s stock worth $43,000 after purchasing an additional 187 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Roku by 1,000.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company’s stock worth $35,000 after purchasing an additional 500 shares during the last quarter. James Investment Research Inc. boosted its stake in shares of Roku by 68.4% during the second quarter. James Investment Research Inc. now owns 825 shares of the company’s stock valued at $75,000 after purchasing an additional 335 shares during the period. Finally, CWM LLC boosted its stake in shares of Roku by 76.0% during the second quarter. CWM LLC now owns 880 shares of the company’s stock valued at $80,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 53.25% 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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