Roku (NASDAQ:ROKU) had its price target upped by SunTrust Banks from $63.00 to $160.00 in a research report released on Monday morning, BenzingaRatingsTable reports. SunTrust Banks currently has a hold rating on the stock. SunTrust Banks also issued estimates for Roku’s Q3 2019 earnings at ($0.25) EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at ($0.42) EPS and FY2020 earnings at ($0.49) EPS. The analysts noted that the move was a valuation call.
A number of other analysts have also issued reports on the stock. CIBC lifted their price target on shares of Roku from $79.00 to $120.00 and gave the stock an outperform rating in a research note on Thursday, August 8th. Stephens upgraded shares of Roku from an equal rating to an overweight rating and lifted their price target for the stock from $84.00 to $120.00 in a research note on Thursday, August 8th. DA Davidson lifted their price target on shares of Roku from $135.00 to $185.00 and gave the stock a buy rating in a research note on Wednesday, September 4th. BidaskClub upgraded shares of Roku from a buy rating to a strong-buy rating in a research note on Wednesday, August 28th. Finally, Needham & Company LLC set a $150.00 price target on shares of Roku and gave the stock a buy rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $111.14.
ROKU opened at $147.78 on Monday. The firm has a market capitalization of $18.72 billion, a P/E ratio of -1,847.25 and a beta of 1.78. The firm’s 50 day moving average is $131.68 and its 200-day moving average is $93.24. Roku has a 52-week low of $26.30 and a 52-week high of $176.55.
Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.14. The company had revenue of $250.10 million for the quarter, compared to analyst estimates of $223.36 million. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The business’s quarterly revenue was up 59.5% compared to the same quarter last year. As a group, analysts forecast that Roku will post -0.55 earnings per share for the current year.
In other Roku news, VP Scott A. Rosenberg sold 13,000 shares of Roku stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $88.94, for a total value of $1,156,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mustafa Ozgen sold 9,989 shares of Roku stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $164.79, for a total transaction of $1,646,087.31. Following the completion of the transaction, the senior vice president now directly owns 9,989 shares of the company’s stock, valued at approximately $1,646,087.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 591,585 shares of company stock valued at $64,023,923. 22.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in ROKU. Wealthcare Advisory Partners LLC boosted its holdings in Roku by 1,000.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 550 shares of the company’s stock worth $35,000 after purchasing an additional 500 shares during the period. Joseph P. Lucia & Associates LLC acquired a new position in Roku in the second quarter worth $43,000. Flagship Harbor Advisors LLC boosted its holdings in Roku by 64.5% in the second quarter. Flagship Harbor Advisors LLC now owns 477 shares of the company’s stock worth $43,000 after purchasing an additional 187 shares during the period. Hartford Financial Management Inc. boosted its holdings in Roku by 1,000.0% in the first quarter. Hartford Financial Management Inc. now owns 1,100 shares of the company’s stock worth $71,000 after purchasing an additional 1,000 shares during the period. Finally, James Investment Research Inc. boosted its holdings in Roku by 68.4% in the second quarter. James Investment Research Inc. now owns 825 shares of the company’s stock worth $75,000 after purchasing an additional 335 shares during the period. 53.25% of the stock is owned by hedge funds and other institutional investors.
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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