Roku, Inc. (NASDAQ:ROKU – Get Free Report) saw unusually-strong trading volume on Friday after Susquehanna raised their price target on the stock from $95.00 to $100.00. Susquehanna currently has a positive rating on the stock. Approximately 13,806,022 shares changed hands during trading, an increase of 73% from the previous session’s volume of 7,965,980 shares.The stock last traded at $85.02 and had previously closed at $78.05.
Other research analysts have also recently issued reports about the company. Wedbush reissued an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Thursday. Rosenblatt Securities boosted their target price on Roku from $70.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, September 7th. Wells Fargo & Company boosted their target price on Roku from $63.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, July 28th. Benchmark boosted their target price on Roku from $89.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Finally, JPMorgan Chase & Co. boosted their target price on Roku from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Roku presently has an average rating of “Hold” and a consensus target price of $81.26.
Hedge Funds Weigh In On Roku
Several hedge funds have recently bought and sold shares of ROKU. Renaissance Technologies LLC increased its stake in Roku by 772.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,808,100 shares of the company’s stock valued at $351,771,000 after purchasing an additional 2,486,100 shares in the last quarter. Wellington Management Group LLP increased its position in Roku by 97.2% during the first quarter. Wellington Management Group LLP now owns 4,174,003 shares of the company’s stock worth $522,878,000 after buying an additional 2,057,633 shares in the last quarter. FMR LLC increased its position in Roku by 62.8% during the first quarter. FMR LLC now owns 4,782,318 shares of the company’s stock worth $314,772,000 after buying an additional 1,844,297 shares in the last quarter. Two Sigma Advisers LP increased its position in Roku by 263.6% during the first quarter. Two Sigma Advisers LP now owns 2,300,300 shares of the company’s stock worth $151,406,000 after buying an additional 1,667,700 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Roku by 113.8% during the first quarter. Two Sigma Investments LP now owns 2,481,384 shares of the company’s stock worth $163,325,000 after buying an additional 1,320,728 shares in the last quarter. 69.21% of the stock is owned by hedge funds and other institutional investors.
Roku Price Performance
The firm has a 50-day simple moving average of $71.49 and a two-hundred day simple moving average of $69.00. The company has a market cap of $11.99 billion, a PE ratio of -13.74 and a beta of 1.75.
Roku (NASDAQ:ROKU – Get Free Report) last posted its quarterly earnings data on Wednesday, November 1st. The company reported ($2.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.91) by ($0.42). Roku had a negative return on equity of 33.70% and a negative net margin of 25.79%. The business had revenue of $912.02 million for the quarter, compared to analyst estimates of $856.98 million. During the same quarter last year, the business earned ($0.88) EPS. Roku’s revenue for the quarter was up 19.8% compared to the same quarter last year. Equities research analysts forecast that Roku, Inc. will post -5.5 EPS for the current year.
Roku Company Profile
Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The company also provides digital advertising and related services, including the demand-side ad platform and content distribution services, such as subscription and transaction revenue shares; media and entertainment promotional spending services; premium subscriptions services; video and display advertising services; and sells branded channel buttons on remote controls of streaming device.
- Five stocks we like better than Roku
- The Significance of Brokerage Rankings in Stock Selection
- Shocking uranium play that hedge funds kept hidden
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Dependable dividends: Why utility stocks are on fire
- Pros And Cons Of Monthly Dividend Stocks
- Realtor verdict, poor revenue guidance send Zillow stock plunging
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.