Roku (NASDAQ:ROKU) Stock Rating Reaffirmed by Benchmark

Roku (NASDAQ:ROKUGet Rating)‘s stock had its “maintains” rating reiterated by analysts at Benchmark in a report released on Friday, Benzinga reports.

Several other brokerages also recently issued reports on ROKU. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $100.00 price objective on the stock in a research note on Friday, April 29th. Citigroup lowered their price objective on shares of Roku from $175.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. Evercore ISI lowered their price objective on shares of Roku from $185.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, July 7th. KeyCorp lowered their price objective on shares of Roku from $105.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Susquehanna downgraded shares of Roku from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $200.00 to $70.00 in a research note on Friday. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $137.88.

Roku Stock Down 23.1 %

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

Roku (NASDAQ:ROKUGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.76) by ($0.06). Roku had a net margin of 4.78% and a return on equity of 5.17%. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $804.64 million. During the same quarter last year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, equities analysts expect that Roku will post -1.9 EPS for the current fiscal year.

Insider Activity at Roku

In related news, SVP Mustafa Ozgen sold 4,973 shares of Roku stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $100.00, for a total value of $497,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Mustafa Ozgen sold 4,973 shares of Roku stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $100.00, for a total value of $497,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen H. Kay sold 668 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $93.41, for a total value of $62,397.88. Following the sale, the senior vice president now directly owns 78,549 shares of the company’s stock, valued at $7,337,262.09. The disclosure for this sale can be found here. Insiders sold 7,598 shares of company stock valued at $742,501 over the last ninety days. 15.32% of the stock is owned by insiders.

Institutional Trading of Roku

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROKU. Renaissance Technologies LLC raised its holdings in Roku by 772.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock worth $351,771,000 after purchasing an additional 2,486,100 shares during the last quarter. Wellington Management Group LLP raised its holdings in Roku by 97.2% during the 1st quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock worth $522,878,000 after purchasing an additional 2,057,633 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Roku by 29.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,995,099 shares of the company’s stock worth $492,437,000 after buying an additional 1,360,720 shares during the period. Nikko Asset Management Americas Inc. grew its position in shares of Roku by 45.9% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 3,595,840 shares of the company’s stock worth $815,968,000 after buying an additional 1,131,757 shares during the period. Finally, Norges Bank acquired a new position in shares of Roku during the 4th quarter worth about $200,467,000. 68.77% of the stock is owned by 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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