Roku (NASDAQ:ROKU) Price Target Cut to $170.00 by Analysts at DA Davidson

Roku (NASDAQ:ROKUGet Rating) had its target price lowered by research analysts at DA Davidson from $200.00 to $170.00 in a note issued to investors on Friday, The Fly reports. DA Davidson’s price target suggests a potential upside of 85.53% from the company’s previous close.

A number of other brokerages have also issued reports on ROKU. Stephens dropped their price target on shares of Roku from $230.00 to $190.00 in a research note on Friday. Guggenheim upped their target price on shares of Roku from $135.00 to $145.00 in a research report on Thursday, March 31st. Truist Financial lowered their target price on shares of Roku from $165.00 to $150.00 in a research report on Wednesday, April 13th. Moffett Nathanson raised shares of Roku from a “sell” rating to a “neutral” rating and set a $100.00 price target on the stock in a report on Friday. Finally, Bank of America decreased their target price on shares of Roku from $235.00 to $145.00 in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $232.62.

Shares of Roku stock opened at $91.63 on Friday. Roku has a 52-week low of $83.72 and a 52-week high of $490.76. The company has a quick ratio of 4.12, a current ratio of 4.19 and a debt-to-equity ratio of 0.03. The company’s 50-day simple moving average is $117.64 and its 200-day simple moving average is $189.12. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 53.58 and a beta of 1.85.

Roku (NASDAQ:ROKUGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned $0.54 earnings per share. The company’s revenue was up 27.8% compared to the same quarter last year. Equities research analysts anticipate that Roku will post -1.17 EPS for the current year.

In related news, CEO Anthony J. Wood sold 80,000 shares of Roku stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $138.28, for a total transaction of $11,062,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mustafa Ozgen sold 4,077 shares of Roku 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 three months, insiders sold 245,946 shares of company stock worth $38,185,674. Insiders own 15.32% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Maverick Capital Ltd. increased its stake in Roku by 147.1% during the 3rd quarter. Maverick Capital Ltd. now owns 126 shares of the company’s stock worth $39,000 after buying an additional 75 shares during the period. JFS Wealth Advisors LLC increased its position in shares of Roku by 1,180.0% in the 3rd quarter. JFS Wealth Advisors LLC now owns 128 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Bellwether Advisors LLC increased its position in shares of Roku by 576.2% in the 4th 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 stake in shares of Roku in the 4th quarter worth about $34,000. Finally, Credit Agricole S A increased 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 worth $38,000 after purchasing an additional 63 shares during the last quarter. 63.83% of the stock is currently owned by hedge funds and other institutional investors.

Roku Company Profile (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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