Investment Analysts’ Weekly Ratings Updates for Roku (ROKU)

Several brokerages have updated their recommendations and price targets on shares of Roku (NASDAQ: ROKU) in the last few weeks:

• 10/10/2024 – Roku had its price target raised by analysts at JPMorgan Chase & Co. from $90.00 to $92.00. They now have an “overweight” rating on the stock.
• 10/3/2024 – Roku had its price target raised by analysts at Macquarie from $72.00 to $90.00. They now have an “outperform” rating on the stock.
• 10/1/2024 – Roku was upgraded by analysts at Moffett Nathanson from a “sell” rating to a “neutral” rating. They now have a $80.00 price target on the stock.
• 9/30/2024 – Roku had its price target raised by analysts at Robert W. Baird from $56.00 to $75.00. They now have a “neutral” rating on the stock.
• 9/30/2024 – Roku had its price target raised by analysts at Bank of America Co. from $75.00 to $90.00. They now have a “buy” rating on the stock.
• 9/25/2024 – Roku had its price target raised by analysts at Citigroup Inc. from $60.00 to $77.00. They now have a “neutral” rating on the stock.
• 9/18/2024 – Roku had its price target raised by analysts at JPMorgan Chase & Co. from $80.00 to $90.00. They now have an “overweight” rating on the stock.
• 9/13/2024 – Roku had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $100.00 price target on the stock.
• 9/12/2024 – Roku was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $93.00 price target on the stock.
• 9/12/2024 – Roku had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $105.00 price target on the stock.
• 9/5/2024 – Roku was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating. They now have a $72.00 price target on the stock, up previously from $50.00.
• 8/23/2024 – Roku was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $75.00 price target on the stock.

Roku Stock Performance

NASDAQ ROKU traded up $0.40 on Thursday, hitting $77.96. 611,418 shares of the stock were exchanged, compared to its average volume of 4,392,650. Roku, Inc. has a 52-week low of $48.33 and a 52-week high of $108.84. The firm has a market capitalization of $11.24 billion, a P/E ratio of -19.54 and a beta of 2.08. The stock has a fifty day moving average price of $69.60 and a two-hundred day moving average price of $62.62.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.21. Roku had a negative net margin of 13.16% and a negative return on equity of 21.03%. The firm had revenue of $968.18 million during the quarter, compared to analysts’ expectations of $937.78 million. During the same period in the previous year, the company earned ($0.76) EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts expect that Roku, Inc. will post -1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,875,000.00. Following the sale, the chief executive officer now directly owns 5,020 shares of the company’s stock, valued at $376,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Roku news, insider Charles Collier sold 15,454 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $75.00, for a total value of $1,159,050.00. Following the transaction, the insider now directly owns 200 shares in the company, valued at $15,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $75.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the chief executive officer now owns 5,020 shares in the company, valued at $376,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,566 shares of company stock valued at $5,254,000 in the last ninety days. 13.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Roku

A number of hedge funds have recently added to or reduced their stakes in ROKU. Vanguard Group Inc. grew its stake in Roku by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 11,853,947 shares of the company’s stock worth $1,086,533,000 after acquiring an additional 380,409 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of Roku by 145.5% during the first quarter. Banque Cantonale Vaudoise now owns 5,758 shares of the company’s stock valued at $375,000 after purchasing an additional 3,413 shares in the last quarter. Gateway Investment Advisers LLC bought a new position in shares of Roku during the first quarter valued at approximately $897,000. Counterpoint Mutual Funds LLC bought a new position in shares of Roku during the first quarter valued at approximately $275,000. Finally, SteelPeak Wealth LLC boosted its stake in shares of Roku by 77.9% during the first quarter. SteelPeak Wealth LLC now owns 9,159 shares of the company’s stock valued at $597,000 after purchasing an additional 4,011 shares in the last quarter. 86.30% of the stock is currently owned by institutional investors.

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.