Roku (NASDAQ:ROKU) PT Lowered to $95.00

Roku (NASDAQ:ROKUGet Rating) had its target price reduced by Needham & Company LLC from $205.00 to $95.00 in a report published on Friday morning, The Fly reports. Needham & Company LLC currently has a buy rating on the stock.

ROKU has been the subject of a number of other reports. Guggenheim lowered their price objective on Roku from $145.00 to $115.00 and set a buy rating for the company in a research report on Tuesday, July 12th. JPMorgan Chase & Co. lowered their price objective on Roku from $175.00 to $150.00 and set a maintains rating for the company in a research report on Friday, July 22nd. Bank of America lowered their price objective on Roku from $235.00 to $145.00 in a research report on Wednesday, April 27th. KeyCorp lowered their price objective on Roku from $160.00 to $105.00 and set an overweight rating for the company in a research report on Friday, July 15th. Finally, Morgan Stanley lowered their target price on Roku from $105.00 to $80.00 and set an underweight rating for the company in a report on Monday, July 18th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Roku has an average rating of Hold and a consensus target price of $136.92.

Roku Trading Up 9.4 %

Shares of ROKU stock opened at $71.69 on Friday. The business’s 50-day moving average price is $87.55 and its 200-day moving average price is $111.22. Roku has a 12 month low of $62.00 and a 12 month 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.

Roku (NASDAQ:ROKUGet Rating) last announced 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). Roku had a negative net margin of 1.51% and a negative return on equity of 1.67%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $804.64 million. During the same period in the previous year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, sell-side analysts predict that Roku will post -1.96 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, VP Scott A. Rosenberg sold 1,957 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 transaction of $182,803.37. Following the transaction, the vice president now owns 78,676 shares of the company’s stock, valued at $7,349,125.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Scott A. Rosenberg sold 1,957 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 transaction of $182,803.37. Following the transaction, the vice president now owns 78,676 shares of the company’s stock, valued at $7,349,125.16. The sale was disclosed in a legal filing with the SEC, which can be accessed 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. Insiders have sold a total of 7,598 shares of company stock valued at $742,501 over the last 90 days. Insiders own 15.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ROKU. Lindbrook Capital LLC boosted its position in Roku by 156.5% in the first quarter. Lindbrook Capital LLC now owns 218 shares of the company’s stock worth $27,000 after purchasing an additional 133 shares during the last quarter. Zullo Investment Group Inc. boosted its position in Roku by 150.0% in the first quarter. Zullo Investment Group Inc. now owns 250 shares of the company’s stock worth $31,000 after purchasing an additional 150 shares during the last quarter. North Star Investment Management Corp. boosted its position in Roku by 193.5% in the second quarter. North Star Investment Management Corp. now owns 455 shares of the company’s stock worth $37,000 after purchasing an additional 300 shares during the last quarter. Credit Agricole S A boosted its position in Roku by 60.0% in the fourth quarter. Credit Agricole S A now owns 168 shares of the company’s stock worth $38,000 after purchasing an additional 63 shares during the last quarter. Finally, West Oak Capital LLC purchased a new position in Roku in the first quarter worth $38,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

About Roku

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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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