Roku (NASDAQ:ROKU) Given New $80.00 Price Target at Oppenheimer

Roku (NASDAQ:ROKUGet Rating) had its price objective reduced by Oppenheimer from $135.00 to $80.00 in a research note published on Friday, The Fly reports. They currently have a maintains rating on the stock.

A number of other research analysts have also commented on ROKU. Guggenheim reduced their price target on shares of Roku from $145.00 to $115.00 and set a buy rating for the company in a research report on Tuesday, July 12th. Morgan Stanley reduced their price target on shares of Roku from $105.00 to $80.00 and set an underweight rating for the company in a research report on Monday, July 18th. Truist Financial reduced their price target on shares of Roku from $150.00 to $120.00 and set a buy rating for the company in a research report on Wednesday, July 27th. KeyCorp reduced their price objective on Roku from $160.00 to $105.00 and set an overweight rating on the stock in a research report on Friday, July 15th. Finally, Moffett Nathanson raised Roku from a sell rating to a neutral rating and set a $100.00 price objective on the stock in a report on Friday, April 29th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Roku currently has a consensus rating of Hold and an average price target of $136.92.

Roku Trading Up 9.4 %

Roku stock opened at $71.69 on Friday. Roku has a 1-year low of $62.00 and a 1-year high of $434.49. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of -199.14 and a beta of 1.73. The firm has a 50 day simple moving average of $87.55 and a 200 day simple moving average of $111.22.

Roku (NASDAQ:ROKUGet Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.06). The firm had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $804.64 million. Roku had a negative net margin of 1.51% and a negative return on equity of 1.67%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. On average, equities research analysts forecast that Roku will post -1.96 EPS for the current year.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 668 shares of Roku stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total value of $62,397.88. Following the sale, the senior vice president now directly owns 78,549 shares in the company, valued at approximately $7,337,262.09. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Stephen H. Kay sold 668 shares of Roku stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total value of $62,397.88. Following the sale, the senior vice president now directly owns 78,549 shares in the company, valued at approximately $7,337,262.09. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mustafa Ozgen sold 4,973 shares of Roku stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $100.00, for a total value of $497,300.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,598 shares of company stock worth $742,501. 15.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Roku

Several hedge funds have recently made changes to their positions in the company. Credit Agricole S A boosted its position in shares of Roku by 60.0% during the fourth quarter. Credit Agricole S A now owns 168 shares of the company’s stock valued at $38,000 after purchasing an additional 63 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of Roku by 29.1% during the fourth quarter. Clearstead Advisors LLC now owns 288 shares of the company’s stock valued at $66,000 after purchasing an additional 65 shares in the last quarter. Capital Investment Advisory Services LLC raised its stake in Roku by 4.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,881 shares of the company’s stock valued at $429,000 after buying an additional 80 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in Roku by 7.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,203 shares of the company’s stock valued at $272,000 after buying an additional 82 shares during the last quarter. Finally, Regal Investment Advisors LLC raised its stake in Roku by 9.0% during the fourth quarter. Regal Investment Advisors LLC now owns 1,198 shares of the company’s stock valued at $273,000 after buying an additional 99 shares during the last quarter. 68.77% of the stock is currently owned by institutional investors.

Roku Company Profile

(Get Rating)

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 TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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