Roku (NASDAQ:ROKU) PT Lowered to $100.00 at JPMorgan Chase & Co.

Roku (NASDAQ:ROKUGet Rating) had its price target lowered by JPMorgan Chase & Co. from $150.00 to $100.00 in a research report report published on Friday, The Fly reports. The firm currently has a maintains rating on the stock.

Other analysts have also issued reports about the stock. Guggenheim decreased 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. TheStreet lowered shares of Roku from a c- rating to a d+ rating in a research report on Monday, June 13th. Wolfe Research lowered shares of Roku from a market perform rating to an underperform rating and set a $77.00 price objective for the company. in a research report on Tuesday, July 26th. Bank of America decreased their price objective on shares of Roku from $235.00 to $145.00 in a research report on Wednesday, April 27th. Finally, Needham & Company LLC decreased their price objective on shares of Roku from $205.00 to $95.00 and set a buy rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $136.92.

Roku Stock Performance

ROKU stock opened at $71.69 on Friday. The firm has a market cap 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 two-hundred day simple moving average of $111.22. Roku has a one year low of $62.00 and a one year high of $434.49.

Roku (NASDAQ:ROKUGet Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, equities analysts predict that Roku will post -1.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Stephen H. Kay sold 668 shares of Roku stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total transaction of $62,397.88. Following the transaction, the senior vice president now owns 78,549 shares in the company, valued at approximately $7,337,262.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Stephen H. Kay sold 668 shares of the business’s stock in a transaction dated Thursday, June 2nd. The shares were 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 legal filing with the SEC, which can be accessed through this link. Also, VP Scott A. Rosenberg sold 1,957 shares of the business’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total transaction of $182,803.37. Following the completion of the sale, the vice president now owns 78,676 shares in the company, valued at $7,349,125.16. The disclosure for this sale can be found here. Insiders have sold a total of 7,598 shares of company stock valued at $742,501 in the last 90 days. 15.32% of the stock is owned by insiders.

Institutional Trading of Roku

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its holdings in Roku by 156.5% in the 1st quarter. Lindbrook Capital LLC now owns 218 shares of the company’s stock valued at $27,000 after buying an additional 133 shares during the period. Zullo Investment Group Inc. grew its position in Roku by 150.0% in the 1st quarter. Zullo Investment Group Inc. now owns 250 shares of the company’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. North Star Investment Management Corp. grew its position in Roku by 193.5% in the 2nd quarter. North Star Investment Management Corp. now owns 455 shares of the company’s stock valued at $37,000 after acquiring an additional 300 shares in the last quarter. Credit Agricole S A grew its position in Roku by 60.0% in the 4th quarter. Credit Agricole S A now owns 168 shares of the company’s stock valued at $38,000 after acquiring an additional 63 shares in the last quarter. Finally, West Oak Capital LLC acquired a new position in Roku in the 1st quarter valued at about $38,000. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Roku Company Profile

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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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