Roku (NASDAQ:ROKU) Price Target Cut to $155.00 by Analysts at Oppenheimer

Roku (NASDAQ:ROKU – Get Rating) had its price target dropped by equities research analysts at Oppenheimer from $185.00 to $155.00 in a note issued to investors on Friday, The Fly reports. Oppenheimer’s price objective indicates a potential upside of 69.16% from the company’s current price.

A number of other equities analysts have also weighed in on ROKU. UBS Group lowered Roku from a “buy” rating to a “sell” rating in a research note on Wednesday, January 5th. Pivotal Research reduced their price objective on Roku from $95.00 to $80.00 in a research note on Friday. KeyCorp reduced their price objective on Roku from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, April 11th. Morgan Stanley reduced their price objective on Roku from $115.00 to $105.00 in a research note on Friday. Finally, DA Davidson reduced their price objective on Roku from $550.00 to $200.00 in a research note on Friday, February 18th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $232.62.

Shares of ROKU opened at $91.63 on Friday. The stock has a 50-day moving average of $117.64 and a two-hundred day moving average of $189.12. Roku has a one year low of $83.72 and a one year high of $490.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.12 and a current ratio of 4.19. The stock has a market cap of $12.40 billion, a P/E ratio of 53.58 and a beta of 1.85.

Roku (NASDAQ:ROKU – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.02). Roku had a return on equity of 9.28% and a net margin of 8.77%. The firm had revenue of $733.70 million for the quarter, compared to analyst estimates of $718.56 million. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue was up 27.8% compared to the same quarter last year. Analysts predict that Roku will post -1.17 EPS for the current fiscal year.

In other news, CEO Anthony J. Wood sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $164.22, for a total transaction of $13,137,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mustafa Ozgen sold 4,077 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $129.30, for a total value of $527,156.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 245,946 shares of company stock valued at $38,185,674. 15.32% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of ROKU. Regal Investment Advisors LLC lifted its holdings in Roku by 4.1% in the third quarter. Regal Investment Advisors LLC now owns 1,099 shares of the company’s stock valued at $344,000 after acquiring an additional 43 shares during the last quarter. Grace Capital lifted its holdings in Roku by 3.9% in the third quarter. Grace Capital now owns 1,340 shares of the company’s stock valued at $420,000 after acquiring an additional 50 shares during the last quarter. Means Investment CO. Inc. lifted its holdings in Roku by 3.9% in the third quarter. Means Investment CO. Inc. now owns 1,345 shares of the company’s stock valued at $421,000 after acquiring an additional 50 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in Roku by 1.6% in the third quarter. Pinebridge Investments L.P. now owns 3,458 shares of the company’s stock valued at $1,084,000 after acquiring an additional 56 shares during the last quarter. Finally, Credit Agricole S A lifted its holdings in Roku by 60.0% in the fourth 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 last quarter. Institutional investors and hedge funds own 63.83% of the company’s stock.

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.

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