Roku (ROKU) PT Raised to $110.00

Roku (NASDAQ:ROKU) had its price target upped by DA Davidson from $92.00 to $110.00 in a research report report published on Thursday, The Fly reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on ROKU. Zacks Investment Research lowered shares of Roku from a buy rating to a hold rating in a report on Saturday, February 23rd. ValuEngine raised shares of Roku from a hold rating to a buy rating in a report on Saturday, February 23rd. BidaskClub raised shares of Roku from a hold rating to a buy rating in a report on Wednesday, February 27th. Citigroup raised their price target on shares of Roku from $44.00 to $53.00 and gave the company a neutral rating in a report on Monday, February 25th. Finally, Rosenblatt Securities started coverage on shares of Roku in a report on Tuesday, April 2nd. They issued a neutral rating and a $63.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $75.04.

NASDAQ:ROKU opened at $95.78 on Thursday. Roku has a 1 year low of $26.30 and a 1 year high of $95.95. The company has a market capitalization of $10.86 billion, a PE ratio of -1,197.25 and a beta of 3.61.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.15. Roku had a negative net margin of 1.47% and a negative return on equity of 4.60%. The company had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $189.80 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Roku’s quarterly revenue was up 51.3% compared to the same quarter last year. On average, sell-side analysts forecast that Roku will post -0.59 EPS for the current fiscal year.

In other Roku 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeff Hastings sold 25,000 shares of Roku stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $82.47, for a total transaction of $2,061,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 311,320 shares of company stock valued at $22,246,466 in the last ninety days. Company insiders own 22.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in Roku by 100.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Rhumbline Advisers grew its holdings in Roku by 0.6% during the 1st quarter. Rhumbline Advisers now owns 55,926 shares of the company’s stock worth $3,608,000 after acquiring an additional 340 shares during the period. Capital Investment Advisory Services LLC grew its holdings in Roku by 37.6% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,554 shares of the company’s stock worth $100,000 after acquiring an additional 425 shares during the period. James Investment Research Inc. acquired a new stake in Roku during the 1st quarter worth $32,000. Finally, CWM LLC acquired a new stake in Roku during the 1st quarter worth $32,000. 47.92% of the stock is owned by hedge funds and other institutional investors.

About Roku

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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