Roku, Inc. (NASDAQ: ROKU) Receives Analysts ‘Buy’ Consensus Rating
Shares of Roku, Inc. (NASDAQ: ROKU) have received an average “Buy” rating from the twenty-seven research companies that currently cover the company, reports MarketBeat.com. One investment analyst rated the stock with a sell recommendation, two gave a hold recommendation, and twenty-two gave the company a buy recommendation. The twelve-month average price target among brokerage firms that updated their equity coverage in the past year is $ 439.27.
A number of equity research analysts have recently weighed in on ROKU stocks. Needham & Company LLC began covering Roku in a research note on Thursday, July 15. They set a “buy” rating and a price target of $ 550.00 for the company. Citigroup lowered its price target on Roku stock from $ 450.00 to $ 410.00 and set a “buy” rating on the stock in a research report on Thursday, August 19. Wells Fargo & Company downgraded Roku’s stock from an “overweight” rating to a “peer-to-peer” rating and lowered its target price for the company from $ 488.00 to $ 350.00 in a research note from the Friday September 24. Truist Securities raised its price target for Roku stock from $ 367.00 to $ 390.00 and gave the stock a “buy” rating in a research note on Friday, August 27. Finally, Rosenblatt Securities reaffirmed a “buy” note and issued a price target of $ 560.00 on Roku shares in a research note on Thursday, October 7.
ROKU shares opened at $ 319.60 on Tuesday. The company has a market cap of $ 42.65 billion, a PE ratio of 194.88 and a beta of 1.74. The company has a debt to equity ratio of 0.03, a quick ratio of 4.50, and a current ratio of 4.58. The company’s 50-day mobile average price is $ 343.30 and its 200-day mobile average price is $ 361.29. Roku has a 52 week low of $ 196.52 and a 52 week high of $ 490.76.
Roku (NASDAQ: ROKU) last released its quarterly results on Wednesday August 4. The company reported EPS of $ 0.52 for the quarter, beating the consensus estimate of $ 0.14 by $ 0.38. Roku had a net margin of 9.91% and a return on equity of 12.19%. The company posted revenue of $ 645.10 million for the quarter, compared to analysts’ expectations of $ 618.35 million. During the same period of the previous year, the company posted ($ 0.35) EPS. Roku revenue grew 81.2% year-over-year. On average, stock analysts forecast Roku to post earnings per share of 1.31 for the current fiscal year.
Meanwhile, CEO Anthony J. Wood sold 80,000 Roku shares in a transaction dated Thursday, July 15. The shares were sold at an average price of $ 407.82, for a total trade of $ 32,625,600.00. Following the closing of the sale, the CEO now owns 25,000 shares of the company, valued at approximately $ 10,195,500. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible through this link. Additionally, Vice President Scott A. Rosenberg sold 16,807 Roku shares in a trade on Monday, August 9. The stock was sold for an average price of $ 389.77, for a total value of $ 6,550,864.39. Disclosure of this sale can be found here. Insiders have sold a total of 529,758 shares of the company valued at $ 192,854,281 in the past 90 days. Company insiders own 15.32% of the company’s shares.
Institutional investors have recently changed their holdings in the company. Biltmore Capital Advisors LLC increased its stake in Roku by 0.5% in the second quarter. Biltmore Capital Advisors LLC now owns 4,737 shares of the company valued at $ 2,175,000 after acquiring 25 more shares in the last quarter. TCI Wealth Advisors Inc. increased its position in Roku shares by 15.9% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 190 shares of the company valued at $ 87,000 after purchasing 26 additional shares in the last quarter. Crédit Agricole SA increased its stake in Roku by 48.3% in the second quarter. Crédit Agricole SA now owns 86 shares of the company valued at $ 40,000 after purchasing 28 additional shares during the last quarter. United Asset Strategies Inc. increased its position in Roku by 4.1% in the second quarter. United Asset Strategies Inc. now owns 768 shares of the company valued at $ 353,000 after acquiring 30 additional shares during the last quarter. Finally, Eudaimonia Partners LLC strengthened its position in Roku by 10.5% in the first quarter. Eudaimonia Partners LLC now owns 347 shares of the company valued at $ 113,000 after acquiring 33 additional shares in the last quarter. 62.10% of the capital is held by institutional investors.
Roku, Inc is committed to providing a streaming platform for television. It operates through the following business sectors: Player and Platform. The Player segment includes net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.
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