Roku’s (ROKU) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reissued their market outperform rating on shares of Roku (NASDAQ:ROKU) in a report published on Monday,Benzinga reports. JMP Securities currently has a $110.00 price target on the stock.

Several other equities research analysts have also recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of Roku from $75.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Pivotal Research boosted their price target on shares of Roku from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 1st. UBS Group boosted their price target on shares of Roku from $72.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Loop Capital raised shares of Roku from a “hold” rating to a “buy” rating and boosted their price target for the company from $80.00 to $100.00 in a research report on Tuesday, June 17th. Finally, Evercore ISI reduced their price target on shares of Roku from $105.00 to $80.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.96.

Roku Trading Down 0.2%

Roku stock opened at $93.99 on Monday. The stock has a market cap of $13.85 billion, a P/E ratio of -223.79, a price-to-earnings-growth ratio of 13.19 and a beta of 2.05. The company has a fifty day simple moving average of $87.69 and a 200-day simple moving average of $77.72. Roku has a 12-month low of $52.43 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.23. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 10,269 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $95.00, for a total value of $975,555.00. Following the sale, the insider owned 200 shares of the company’s stock, valued at $19,000. This represents a 98.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $82.42, for a total transaction of $2,060,500.00. Following the transaction, the chief executive officer directly owned 16,441 shares in the company, valued at $1,355,067.22. The trade was a 60.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 350,502 shares of company stock worth $31,665,946 in the last ninety days. Corporate insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. United Advisor Group LLC lifted its position in shares of Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock worth $1,073,000 after buying an additional 130 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Roku by 0.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company’s stock worth $1,369,000 after purchasing an additional 142 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after acquiring an additional 158 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of Roku by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company’s stock worth $1,097,000 after acquiring an additional 160 shares in the last quarter. Finally, True Vision MN LLC boosted its holdings in shares of Roku by 3.3% during the second quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock worth $487,000 after purchasing an additional 179 shares during the period. 86.30% of the stock is currently owned by institutional investors.

About Roku

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.