Susquehanna Trims Roku (NASDAQ:ROKU) Target Price to $80.00

Roku (NASDAQ:ROKU) had its target price reduced by Susquehanna from $110.00 to $80.00 in a research report released on Monday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other research firms also recently commented on ROKU. Stephens reissued an overweight rating and issued a $105.00 target price on shares of Roku in a report on Friday, February 16th. Piper Sandler reissued a neutral rating and issued a $65.00 target price (down previously from $81.00) on shares of Roku in a report on Friday, April 26th. Morgan Stanley reduced their target price on Roku from $65.00 to $60.00 and set an underweight rating for the company in a report on Friday, April 5th. Citigroup cut their price target on Roku from $110.00 to $75.00 and set a neutral rating for the company in a research note on Wednesday, February 21st. Finally, Pivotal Research cut their price target on Roku from $85.00 to $75.00 and set a hold rating for the company in a research note on Friday, February 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $82.50.

Roku Price Performance

NASDAQ:ROKU opened at $59.95 on Monday. The firm’s fifty day moving average price is $62.17 and its 200 day moving average price is $78.18. Roku has a 1-year low of $51.62 and a 1-year high of $108.84. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of -15.02 and a beta of 1.69.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.29. Roku had a negative return on equity of 23.81% and a negative net margin of 15.64%. The company had revenue of $881.50 million during the quarter, compared to the consensus estimate of $843.54 million. During the same quarter last year, the company earned ($1.38) earnings per share. Roku’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, analysts expect that Roku will post -1.98 earnings per share for the current fiscal year.

Insider Activity at Roku

In related news, SVP Stephen H. Kay sold 4,310 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the transaction, the senior vice president now owns 81,459 shares of the company’s stock, valued at approximately $5,148,208.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Roku news, SVP Stephen H. Kay sold 4,310 shares of Roku stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $63.20, for a total value of $272,392.00. Following the completion of the sale, the senior vice president now owns 81,459 shares in the company, valued at approximately $5,148,208.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $98.64, for a total value of $2,466,000.00. Following the completion of the sale, the chief executive officer now owns 141,221 shares of the company’s stock, valued at approximately $13,930,039.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,545 shares of company stock valued at $4,364,035. 13.63% of the stock is owned by insiders.

Institutional Trading of Roku

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Roku by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock valued at $1,086,533,000 after buying an additional 380,409 shares during the period. FMR LLC grew its holdings in Roku by 85.9% in the 3rd quarter. FMR LLC now owns 9,441,349 shares of the company’s stock valued at $666,465,000 after buying an additional 4,363,754 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Roku by 24.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock valued at $478,939,000 after buying an additional 1,457,925 shares during the period. Nikko Asset Management Americas Inc. grew its holdings in Roku by 25.8% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock valued at $462,108,000 after buying an additional 1,455,408 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Roku by 34.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,543,081 shares of the company’s stock valued at $179,516,000 after buying an additional 653,940 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. 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 Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.