Roku (NASDAQ:ROKU) PT Set at $105.00 by Wedbush

Roku (NASDAQ:ROKU) has been given a $105.00 price objective by equities researchers at Wedbush in a research report issued on Monday, RTT News reports. The firm currently has a “neutral” rating on the stock. Wedbush’s price target would suggest a potential upside of 12.60% from the stock’s previous close.

A number of other research analysts have also issued reports on ROKU. Rosenblatt Securities reiterated a “neutral” rating on shares of Roku in a research note on Thursday, May 9th. BidaskClub lowered shares of Roku from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Guggenheim restated a “neutral” rating and issued a $72.00 price target (down from $77.00) on shares of Roku in a research report on Thursday, April 4th. DA Davidson raised their price target on shares of Roku to $92.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, KeyCorp raised their price target on shares of Roku from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.87.

NASDAQ:ROKU opened at $93.25 on Monday. Roku has a 1 year low of $26.30 and a 1 year high of $108.32. The firm has a fifty day moving average price of $93.04. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of -1,165.63 and a beta of 2.39.

Roku (NASDAQ:ROKU) last posted its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.15. Roku had a negative net margin of 1.47% and a negative return on equity of 4.60%. The business had revenue of $206.70 million for the quarter, compared to analyst estimates of $189.80 million. During the same period last year, the business posted ($0.07) EPS. Roku’s revenue was up 51.3% compared to the same quarter last year. Equities research analysts forecast that Roku will post -0.6 EPS for the current fiscal year.

In other news, Director Ray A. Rothrock sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $103.89, for a total transaction of $5,194,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Chas Smith sold 16,320 shares of the firm’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $64.33, for a total transaction of $1,049,865.60. The disclosure for this sale can be found here. Insiders have sold a total of 718,053 shares of company stock valued at $68,033,088 over the last ninety days. 22.70% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Roku by 100.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Rhumbline Advisers lifted its holdings in shares of Roku by 0.6% during the 1st quarter. Rhumbline Advisers now owns 55,926 shares of the company’s stock worth $3,608,000 after acquiring an additional 340 shares during the period. Capital Investment Advisory Services LLC lifted its holdings in Roku by 37.6% during the 1st quarter. Capital Investment Advisory Services LLC now owns 1,554 shares of the company’s stock valued at $100,000 after purchasing an additional 425 shares during the last quarter. James Investment Research Inc. bought a new position in Roku during the 1st quarter valued at about $32,000. Finally, CWM LLC bought a new position in Roku during the 1st quarter valued at about $32,000. 50.49% of the stock is owned by institutional investors.

Roku Company Profile

Roku, Inc 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 sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.

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Analyst Recommendations for Roku (NASDAQ:ROKU)

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