Roku (NASDAQ:ROKU) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Roku (NASDAQ:ROKU) in a report issued on Wednesday,Benzinga reports. They currently have a $110.00 price objective on the stock.

A number of other analysts have also recently commented on the stock. Guggenheim boosted their target price on shares of Roku from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, August 1st. Pivotal Research boosted their target price on shares of Roku from $100.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 1st. Loop Capital raised Roku from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $100.00 in a research report on Tuesday, June 17th. JPMorgan Chase & Co. lifted their price target on Roku from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Rosenblatt Securities lifted their price target on Roku from $75.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Roku presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Roku Stock Up 0.0%

NASDAQ:ROKU opened at $103.85 on Wednesday. The stock has a market cap of $15.30 billion, a P/E ratio of -247.26, a price-to-earnings-growth ratio of 14.54 and a beta of 2.13. The firm’s fifty day simple moving average is $93.99 and its 200 day simple moving average is $80.97. Roku has a twelve month low of $52.43 and a twelve month high of $105.45.

Roku (NASDAQ:ROKU) last announced its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.23. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted ($0.18) EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that Roku will post -0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Roku news, insider Charles Collier sold 212,559 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $20,193,105.00. Following the completion of the transaction, the insider owned 200 shares of the company’s stock, valued at approximately $19,000. The trade was a 99.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $89.64, for a total value of $2,241,000.00. Following the completion of the transaction, the chief executive officer directly owned 11,953 shares of the company’s stock, valued at approximately $1,071,466.92. This trade represents a 67.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 529,986 shares of company stock valued at $51,523,263. 13.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Roku

Hedge funds and other institutional investors have recently made changes to their positions in the business. Garde Capital Inc. purchased a new stake in shares of Roku during the 1st quarter valued at about $25,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Roku during the 1st quarter valued at about $30,000. Banque Transatlantique SA purchased a new stake in shares of Roku during the 1st quarter valued at about $28,000. Rakuten Securities Inc. increased its position in shares of Roku by 55.6% during the 2nd quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock valued at $39,000 after purchasing an additional 158 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of Roku by 125.4% during the 1st quarter. Golden State Wealth Management LLC now owns 444 shares of the company’s stock valued at $31,000 after purchasing an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Roku Company Profile

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.