Roku, Inc. (NASDAQ:ROKU) Receives $143.42 Average PT from Analysts

Roku, Inc. (NASDAQ:ROKU) has been given a consensus recommendation of “Moderate Buy” by the twenty-six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $143.4167.

Several research firms have recently commented on ROKU. Weiss Ratings reissued a “hold (c-)” rating on shares of Roku in a report on Friday. Robert W. Baird raised their price target on Roku from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Wells Fargo & Company raised their price target on Roku from $137.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wedbush raised their price target on Roku from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Guggenheim raised their price target on Roku from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, May 1st.

Roku Trading Up 0.1%

NASDAQ ROKU opened at $124.15 on Thursday. The company has a market cap of $18.30 billion, a PE ratio of 93.35 and a beta of 2.04. Roku has a 12 month low of $67.67 and a 12 month high of $131.39. The stock has a 50 day moving average of $107.02 and a 200-day moving average of $102.95.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.34 by $0.23. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.20 billion. Roku had a return on equity of 7.64% and a net margin of 4.06%.The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.19) EPS. As a group, sell-side analysts predict that Roku will post 2.41 EPS for the current fiscal year.

Roku News Roundup

Here are the key news stories impacting Roku this week:

• Positive Sentiment: Roku won exclusive streaming rights for the inaugural Enhanced Games, expanding its live sports lineup and making Roku the sole streaming destination for the event, which could support user engagement and ad inventory. Roku’s Exclusive Enhanced Games Deal Adds Fresh Angle To Valuation Story
• Positive Sentiment: Recent coverage highlighted Roku’s ecosystem benefits, including easier integration with other devices and useful hidden features, reinforcing the appeal of Roku’s platform and hardware. I integrated my Roku with my other devices and streaming finally made sense
• Positive Sentiment: Promotional pricing on Roku devices, including the Roku Streaming Stick Plus 4K, keeps the brand visible and may help drive device sales and platform adoption. Roku Streaming Stick Plus 4K & HDR is only $29
• Neutral Sentiment: Hershey’s interactive Roku campaign with Instacart underscores Roku’s advertising platform capabilities, but the article is more of a marketing case study than a direct financial catalyst. How Hershey’s interactive Roku campaign drove seamless snacking via Instacart
• Negative Sentiment: Roku CFO Dan Jedda sold 7,000 shares in a pre-arranged 10b5-1 transaction, which can weigh on sentiment even though the sale was planned and routine. Roku (NASDAQ:ROKU) CFO Sells $857,920.00 in Stock
• Negative Sentiment: Reports that a Roku and TCL TV software update left some flatscreens unusable could raise concern about product reliability and customer satisfaction. Roku and TCL TV viewers say software update made their flatscreens unusable — is yours on the list?

Insider Transactions at Roku

In other Roku news, CFO Dan Jedda sold 15,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $94.23, for a total transaction of $1,413,450.00. Following the transaction, the chief financial officer owned 85,115 shares in the company, valued at $8,020,386.45. This trade represents a 14.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 75,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $128.79, for a total value of $9,659,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 692,038 shares of company stock worth $76,667,575 over the last quarter. 13.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC increased its position in shares of Roku by 1,320.4% in the first quarter. Janus Henderson Group PLC now owns 834,619 shares of the company’s stock worth $78,967,000 after purchasing an additional 775,861 shares during the period. Bull Harbor Capital LLC bought a new position in shares of Roku in the first quarter worth $344,000. Smith Group Asset Management LLC increased its position in shares of Roku by 24.3% in the first quarter. Smith Group Asset Management LLC now owns 16,022 shares of the company’s stock worth $1,516,000 after purchasing an additional 3,131 shares during the period. Amundi increased its position in shares of Roku by 170.3% in the first quarter. Amundi now owns 747,891 shares of the company’s stock worth $70,765,000 after purchasing an additional 471,234 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Roku by 22.3% in the first quarter. California State Teachers Retirement System now owns 151,085 shares of the company’s stock worth $14,296,000 after purchasing an additional 27,567 shares during the period. Institutional investors own 86.30% of the company’s stock.

About Roku

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.