Roku (NASDAQ:ROKU) Price Target Raised to $130.00 at Benchmark

Roku (NASDAQ:ROKU) had its price target hoisted by investment analysts at Benchmark from $100.00 to $130.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 31.22% from the stock’s previous close.

A number of other equities analysts also recently weighed in on ROKU. Piper Sandler boosted their price target on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. JMP Securities increased their target price on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research report on Friday. Pivotal Research upgraded Roku from a “hold” rating to a “buy” rating and upped their price objective for the company from $65.00 to $125.00 in a research note on Friday. UBS Group began coverage on Roku in a research report on Friday, November 22nd. They issued a “neutral” rating and a $73.00 target price for the company. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $86.00 price target on shares of Roku in a research note on Thursday. Three analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.18.

Roku Stock Performance

Roku stock opened at $99.07 on Friday. Roku has a fifty-two week low of $48.33 and a fifty-two week high of $104.96. The firm’s 50-day simple moving average is $80.56 and its 200 day simple moving average is $73.76. The stock has a market cap of $14.38 billion, a PE ratio of -82.56 and a beta of 2.05.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. As a group, analysts predict that Roku will post -1.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roku news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.73, for a total transaction of $82,730.00. Following the completion of the sale, the chief financial officer now owns 64,555 shares of the company’s stock, valued at $5,340,635.15. The trade was a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $87.93, for a total value of $2,198,250.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,333,486.34. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,885 shares of company stock valued at $7,911,162 in the last quarter. Corporate insiders own 13.98% of the company’s stock.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently bought and sold shares of the company. Entropy Technologies LP raised its stake in shares of Roku by 264.4% during the fourth quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after acquiring an additional 18,520 shares in the last quarter. Holocene Advisors LP bought a new position in shares of Roku during the 3rd quarter valued at $129,015,000. Kessler Investment Group LLC raised its position in Roku by 21.8% in the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after purchasing an additional 13,590 shares during the period. National Bank of Canada FI lifted its stake in Roku by 11,626.3% in the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after purchasing an additional 149,514 shares during the last quarter. Finally, EULAV Asset Management boosted its position in Roku by 59.1% during the third quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after buying an additional 68,000 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.