Roku’s (ROKU) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reaffirmed their outperform rating on shares of Roku (NASDAQ:ROKU) in a research report sent to investors on Wednesday morning,RTT News reports. They currently have a $100.00 price objective on the stock. Wedbush also issued estimates for Roku’s FY2026 earnings at $0.22 EPS.

A number of other analysts also recently weighed in on ROKU. Baird R W raised shares of Roku from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. Jefferies Financial Group decreased their price objective on shares of Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $105.00 target price on shares of Roku in a research note on Thursday, September 12th. Citigroup lifted their price target on Roku from $60.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, UBS Group assumed coverage on Roku in a research note on Friday, November 22nd. They set a “neutral” rating and a $73.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.81.

Roku Price Performance

Roku stock opened at $83.00 on Wednesday. Roku has a 12-month low of $48.33 and a 12-month high of $99.80. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of -69.17 and a beta of 2.05. The firm’s fifty day moving average price is $75.50 and its 200 day moving average price is $69.71.

Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.29. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.33) earnings per share. Analysts forecast that Roku will post -1.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Roku news, CAO Matthew C. Banks sold 8,693 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the completion of the transaction, the chief accounting officer now directly owns 7,264 shares of the company’s stock, valued at approximately $518,940.16. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dan Jedda sold 1,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.73, for a total value of $82,730.00. Following the completion of the sale, the chief financial officer now directly owns 64,555 shares in the company, valued at $5,340,635.15. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,095 shares of company stock worth $3,731,038. 13.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Roku

Several large investors have recently made changes to their positions in the business. Holocene Advisors LP bought a new stake in Roku during the third quarter worth approximately $129,015,000. Kessler Investment Group LLC raised its position in shares of Roku by 21.8% during the third quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after purchasing an additional 13,590 shares during the period. National Bank of Canada FI lifted its holdings in shares of Roku by 11,626.3% during the third quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after purchasing an additional 149,514 shares during the last quarter. EULAV Asset Management boosted its position in shares of Roku by 59.1% in the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after purchasing an additional 68,000 shares during the period. Finally, Granite Bay Wealth Management LLC purchased a new stake in Roku during the second quarter valued at about $1,142,000. Institutional investors own 86.30% of the company’s stock.

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.