DA Davidson Boosts Roku (ROKU) Price Target to $92.00

Roku (NASDAQ:ROKU) had its price target hoisted by DA Davidson to $92.00 in a research report released on Thursday, The Fly reports. DA Davidson currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Guggenheim reaffirmed a neutral rating and set a $72.00 target price (down previously from $77.00) on shares of Roku in a research report on Thursday, April 4th. BidaskClub raised Roku from a hold rating to a buy rating in a research report on Saturday, May 4th. Wedbush reaffirmed a neutral rating and set a $55.00 target price on shares of Roku in a research report on Monday, April 29th. Stephens began coverage on Roku in a research report on Monday, May 6th. They set an overweight rating and a $84.00 target price on the stock. Finally, Loop Capital increased their target price on Roku to $45.00 and gave the company a hold rating in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $72.15.

ROKU opened at $82.75 on Thursday. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of -1,034.38 and a beta of 3.61. Roku has a 52 week low of $26.30 and a 52 week high of $86.50.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.15. The company had revenue of $206.70 million for the quarter, compared to the consensus estimate of $189.80 million. Roku had a negative return on equity of 5.29% and a negative net margin of 1.47%. Roku’s quarterly revenue was up 51.3% on a year-over-year basis. During the same period last year, the business posted ($0.07) EPS. As a group, equities analysts predict that Roku will post -0.71 earnings per share for the current fiscal year.

In related news, CEO Anthony J. Wood sold 35,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $68.70, for a total value of $2,404,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Louden sold 170,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $53.24, for a total value of $9,050,800.00. The disclosure for this sale can be found here. Insiders sold a total of 411,320 shares of company stock valued at $25,365,026 in the last three months. Insiders own 22.70% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Roku by 72.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,747,875 shares of the company’s stock worth $346,737,000 after acquiring an additional 1,998,602 shares during the last quarter. Strs Ohio raised its stake in Roku by 3,687.9% in the 4th quarter. Strs Ohio now owns 125,000 shares of the company’s stock worth $3,830,000 after acquiring an additional 121,700 shares during the last quarter. AQR Capital Management LLC purchased a new position in Roku in the 3rd quarter worth $3,164,000. Norges Bank purchased a new position in Roku in the 4th quarter worth $14,477,000. Finally, Canada Pension Plan Investment Board purchased a new position in Roku in the 4th quarter worth $9,228,000. Institutional investors own 42.58% 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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Analyst Recommendations for Roku (NASDAQ:ROKU)

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