Roku (NASDAQ:ROKU) PT Lowered to $240.00 at Benchmark

Roku (NASDAQ:ROKUGet Rating) had its price objective reduced by analysts at Benchmark from $305.00 to $240.00 in a research note issued to investors on Thursday, The Fly reports. Benchmark’s price target suggests a potential upside of 119.04% from the company’s current price.

ROKU has been the topic of several other research reports. Citigroup decreased their target price on Roku from $250.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, March 25th. Atlantic Securities initiated coverage on Roku in a report on Wednesday, January 5th. They set an “underweight” rating and a $136.00 target price on the stock. UBS Group cut Roku from a “buy” rating to a “sell” rating in a report on Wednesday, January 5th. Wells Fargo & Company decreased their target price on Roku from $305.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, February 18th. Finally, Wedbush decreased their target price on Roku from $365.00 to $220.00 and set an “outperform” rating on the stock in a report on Monday, February 14th. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, Roku currently has an average rating of “Buy” and a consensus target price of $262.62.

Roku stock opened at $109.57 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.19 and a quick ratio of 4.12. The stock has a fifty day moving average price of $124.51 and a two-hundred day moving average price of $198.32. Roku has a 52-week low of $97.91 and a 52-week high of $490.76. The firm has a market capitalization of $14.83 billion, a P/E ratio of 64.08 and a beta of 1.85.

Roku (NASDAQ:ROKUGet Rating) last released its quarterly earnings data on Thursday, February 17th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.11. Roku had a return on equity of 9.28% and a net margin of 8.77%. The firm had revenue of $865.33 million during the quarter, compared to analyst estimates of $893.67 million. During the same period in the prior year, the company posted $0.49 earnings per share. On average, equities research analysts predict that Roku will post -1.21 EPS for the current fiscal year.

In other news, VP Scott A. Rosenberg sold 1,869 shares of the stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $129.33, for a total transaction of $241,717.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mustafa Ozgen sold 4,077 shares of the stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $129.30, for a total transaction of $527,156.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 245,946 shares of company stock worth $38,185,674. Company insiders own 15.32% of the company’s stock.

Several hedge funds have recently modified their holdings of ROKU. Lindbrook Capital LLC boosted its holdings in Roku by 156.5% during 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. Bellwether Advisors LLC boosted its holdings in Roku by 576.2% during the fourth quarter. Bellwether Advisors LLC now owns 142 shares of the company’s stock worth $32,000 after purchasing an additional 121 shares during the last quarter. KB Financial Partners LLC bought a new position in shares of Roku in the 4th quarter valued at about $34,000. Credit Agricole S A grew its position in shares of 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 during the period. Finally, West Oak Capital LLC bought a new position in shares of Roku in the 1st quarter valued at about $38,000. 63.83% of the stock is owned by institutional investors.

About Roku (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.

See Also

The Fly logo

Analyst Recommendations for Roku (NASDAQ:ROKU)

Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.