Roku (NASDAQ:ROKU) Price Target Cut to $130.00 by Analysts at DA Davidson

Roku (NASDAQ:ROKUGet Rating) had its target price decreased by stock analysts at DA Davidson from $170.00 to $130.00 in a report released on Friday, The Fly reports. DA Davidson’s price objective suggests a potential upside of 98.41% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Roku from $150.00 to $100.00 and set a “maintains” rating on the stock in a research note on Friday. Bank of America reduced their price target on shares of Roku from $235.00 to $145.00 in a research note on Wednesday, April 27th. TheStreet downgraded shares of Roku from a “c-” rating to a “d+” rating in a research note on Monday, June 13th. Rosenblatt Securities started coverage on shares of Roku in a report on Tuesday, April 19th. They issued a “buy” rating and a $188.00 price objective for the company. Finally, Citigroup dropped their price objective on shares of Roku from $175.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Roku has a consensus rating of “Hold” and a consensus price target of $137.88.

Roku Price Performance

Shares of ROKU stock opened at $65.52 on Friday. The firm’s 50-day moving average is $87.95 and its two-hundred day moving average is $112.29. Roku has a 12 month low of $62.00 and a 12 month high of $449.98. The company has a market capitalization of $8.91 billion, a PE ratio of 66.86 and a beta of 1.95.

Roku (NASDAQ:ROKUGet Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.06). The company had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $804.64 million. Roku had a net margin of 4.78% and a return on equity of 5.17%. Roku’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. Sell-side analysts forecast that Roku will post -1.9 EPS for the current year.

Insider Transactions at Roku

In other news, SVP Stephen H. Kay sold 668 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total transaction of $62,397.88. Following the completion of the sale, the senior vice president now owns 78,549 shares in the company, valued at approximately $7,337,262.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Scott A. Rosenberg sold 1,957 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total value of $182,803.37. Following the completion of the sale, the vice president now owns 78,676 shares in the company, valued at approximately $7,349,125.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Stephen H. Kay sold 668 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total transaction of $62,397.88. Following the completion of the sale, the senior vice president now owns 78,549 shares of the company’s stock, valued at approximately $7,337,262.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,598 shares of company stock worth $742,501. 15.32% of the stock is currently owned by insiders.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently bought and sold shares of the business. Credit Agricole S A raised its position in 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 purchasing an additional 63 shares during the last quarter. Clearstead Advisors LLC raised its position in Roku by 29.1% in the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the company’s stock valued at $66,000 after purchasing an additional 65 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in Roku by 4.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,881 shares of the company’s stock worth $429,000 after buying an additional 80 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Roku by 7.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 1,203 shares of the company’s stock worth $272,000 after buying an additional 82 shares during the last quarter. Finally, Regal Investment Advisors LLC raised its position in Roku by 9.0% during the 4th quarter. Regal Investment Advisors LLC now owns 1,198 shares of the company’s stock worth $273,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 68.77% 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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