Benchmark Increases Roku (NASDAQ:ROKU) Price Target to $130.00

Roku (NASDAQ:ROKU) had its target price upped by research analysts at Benchmark from $100.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 31.93% from the company’s current price.

ROKU has been the subject of a number of other reports. Wedbush restated an “outperform” rating and set a $100.00 price objective on shares of Roku in a research report on Monday. JMP Securities upped their price objective on shares of Roku from $95.00 to $115.00 and gave the company a “market outperform” rating in a research note on Friday. Macquarie reiterated an “outperform” rating and issued a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. Pivotal Research raised shares of Roku from a “hold” rating to a “buy” rating and upped their price target for the stock from $65.00 to $125.00 in a research note on Friday. Finally, Loop Capital lifted their price objective on Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.41.

Roku Stock Up 13.5 %

Shares of ROKU stock traded up $11.74 during trading hours on Friday, reaching $98.54. 14,009,421 shares of the stock traded hands, compared to its average volume of 3,547,656. The firm has a market capitalization of $14.31 billion, a PE ratio of -81.97 and a beta of 2.05. Roku has a 1-year low of $48.33 and a 1-year high of $104.96. The business has a fifty day moving average price of $80.17 and a 200 day moving average price of $73.28.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.20. Roku had a negative net margin of 4.42% and a negative return on equity of 7.22%. Research analysts expect that Roku will post -1.09 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 firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.44, for a total value of $621,027.92. Following the sale, the chief accounting officer now directly owns 7,264 shares in the company, valued at $518,940.16. This trade represents a 54.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Charles Collier sold 10,771 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.14, for a total transaction of $766,248.94. Following the transaction, the insider now owns 3,790 shares in the company, valued at approximately $269,620.60. The trade was a 73.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,885 shares of company stock valued at $7,911,162 in the last three months. Company insiders own 13.98% of the company’s stock.

Hedge Funds Weigh In On Roku

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Roku by 31.7% during the 4th quarter. FMR LLC now owns 19,183,942 shares of the company’s stock worth $1,426,134,000 after purchasing an additional 4,613,570 shares in the last quarter. Marshall Wace LLP lifted its position in Roku by 663.9% in the fourth quarter. Marshall Wace LLP now owns 2,335,813 shares of the company’s stock worth $173,644,000 after purchasing an additional 2,030,036 shares during the period. Holocene Advisors LP bought a new position in Roku in the third quarter worth $129,015,000. Westfield Capital Management Co. LP increased its holdings in Roku by 126.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,535,576 shares of the company’s stock valued at $114,646,000 after buying an additional 856,401 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in Roku by 352.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 651,658 shares of the company’s stock valued at $48,653,000 after buying an additional 507,643 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.