Roku, Inc. (NASDAQ:ROKU) Receives $175.50 Consensus Target Price from Analysts

Roku, Inc. (NASDAQ:ROKU) has been assigned an average recommendation of “Buy” from the twenty-eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $173.26.

Several brokerages have recently weighed in on ROKU. KeyCorp began coverage on Roku in a report on Monday, September 14th. They issued an “overweight” rating and a $228.00 price objective for the company. Morgan Stanley restated a “sell” rating and issued a $110.00 price objective on shares of Roku in a report on Tuesday, July 28th. DA Davidson upped their price objective on Roku from $150.00 to $190.00 in a report on Monday, August 10th. Rosenblatt Securities upped their target price on Roku from $145.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $171.00 target price on shares of Roku in a report on Monday, July 20th.

In other news, SVP Stephen H. Kay sold 10,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $148.89, for a total transaction of $1,488,900.00. Following the transaction, the senior vice president now owns 95,812 shares of the company’s stock, valued at approximately $14,265,448.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 35,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $160.28, for a total value of $5,609,800.00. Following the transaction, the chief executive officer now directly owns 60,000 shares in the company, valued at approximately $9,616,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 316,317 shares of company stock worth $53,571,263. Insiders own 22.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP grew its holdings in Roku by 19.8% in the 1st quarter. First Trust Advisors LP now owns 92,199 shares of the company’s stock valued at $5,948,000 after buying an additional 15,212 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Roku by 13.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 13,460 shares of the company’s stock worth $1,177,000 after acquiring an additional 1,640 shares during the period. Thrivent Financial for Lutherans bought a new stake in shares of Roku in the 1st quarter worth approximately $474,000. Morgan Stanley lifted its position in shares of Roku by 16.5% in the 1st quarter. Morgan Stanley now owns 5,225,768 shares of the company’s stock worth $457,151,000 after acquiring an additional 741,898 shares during the period. Finally, APG Asset Management N.V. lifted its position in shares of Roku by 99.6% in the 1st quarter. APG Asset Management N.V. now owns 112,100 shares of the company’s stock worth $9,807,000 after acquiring an additional 55,924 shares during the period. 62.26% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:ROKU opened at $217.93 on Tuesday. Roku has a 1 year low of $58.22 and a 1 year high of $239.14. The stock has a market cap of $27.18 billion, a price-to-earnings ratio of -189.50 and a beta of 1.81. The business has a fifty day moving average of $198.21 and a 200-day moving average of $148.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.98 and a current ratio of 3.09.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.55) by $0.20. The company had revenue of $356.07 million during the quarter, compared to analysts’ expectations of $302.17 million. Roku had a negative return on equity of 19.43% and a negative net margin of 10.28%. On average, equities research analysts predict that Roku will post -1.44 EPS for the current year.

About Roku

Roku, Inc, together with its subsidiaries, 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, 2019, the company had 36.9 million active accounts.

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Analyst Recommendations for Roku (NASDAQ:ROKU)

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