Roku (NASDAQ:ROKU) had its target price raised by Macquarie from $400.00 to $485.00 in a report released on Thursday, The Fly reports. The firm currently has an “outperform” rating on the stock. Macquarie’s target price suggests a potential upside of 15.01% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Morgan Stanley boosted their price target on shares of Roku from $275.00 to $300.00 and gave the company an “underweight” rating in a research report on Friday, May 7th. Truist raised Roku from a “hold” rating to a “buy” rating and decreased their price objective for the company from $480.00 to $367.00 in a report on Tuesday, March 30th. KeyCorp cut their target price on shares of Roku from $518.00 to $460.00 and set an “overweight” rating on the stock in a report on Friday, May 7th. Evercore ISI upped their price target on shares of Roku from $400.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, May 7th. Finally, Truist Securities raised shares of Roku from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $480.00 to $367.00 in a research report on Tuesday, March 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. Roku has an average rating of “Buy” and a consensus price target of $426.58.
NASDAQ:ROKU opened at $421.70 on Thursday. Roku has a 12 month low of $112.11 and a 12 month high of $486.72. The company has a quick ratio of 4.31, a current ratio of 4.38 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $55.83 billion, a price-to-earnings ratio of 547.67 and a beta of 1.78. The company has a fifty day simple moving average of $343.50.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, May 6th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.67. Roku had a return on equity of 7.56% and a net margin of 5.58%. The business had revenue of $574.20 million for the quarter, compared to the consensus estimate of $490.95 million. During the same quarter in the prior year, the business posted ($0.45) EPS. The business’s revenue for the quarter was up 79.0% on a year-over-year basis. On average, equities research analysts anticipate that Roku will post 0.37 EPS for the current fiscal year.
In other news, CEO Anthony J. Wood sold 80,000 shares of Roku stock in a transaction that occurred on Tuesday, June 15th. The shares were sold at an average price of $345.30, for a total transaction of $27,624,000.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $25,897,500. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Wood sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $333.64, for a total value of $15,013,800.00. Following the sale, the chief executive officer now directly owns 45,000 shares in the company, valued at approximately $15,013,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,775 shares of company stock worth $85,868,801. Corporate insiders own 22.70% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Cresset Asset Management LLC lifted its holdings in shares of Roku by 19.3% in the first quarter. Cresset Asset Management LLC now owns 8,347 shares of the company’s stock valued at $2,720,000 after purchasing an additional 1,353 shares in the last quarter. Sovarnum Capital L.P. acquired a new stake in Roku during the 4th quarter valued at $1,328,000. Fifth Third Bancorp increased its position in Roku by 5.2% during the first quarter. Fifth Third Bancorp now owns 1,326 shares of the company’s stock worth $432,000 after buying an additional 65 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of Roku in the fourth quarter worth $261,000. Finally, Zacks Investment Management purchased a new stake in shares of Roku in the fourth quarter valued at $6,875,000. 60.61% of the stock is currently owned by institutional investors.
Roku Company Profile
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 sports, music, news, and others. As of December 31, 2020, the company had 51.2 million active accounts.
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