UBS Group Forecasts Strong Price Appreciation for Roku (NASDAQ:ROKU) Stock

Roku (NASDAQ:ROKU) had its price target hoisted by UBS Group from $73.00 to $90.00 in a research note issued to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities research analysts also recently issued reports on ROKU. JMP Securities increased their price objective on shares of Roku from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday. Piper Sandler increased their price objective on shares of Roku from $60.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Roku in a research report on Monday, February 10th. Loop Capital raised their target price on shares of Roku from $70.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Roku in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Roku has an average rating of “Moderate Buy” and an average target price of $93.18.

Roku Price Performance

Shares of ROKU stock opened at $99.07 on Friday. The firm has a fifty day moving average of $80.56 and a 200-day moving average of $73.65. Roku has a 12-month low of $48.33 and a 12-month high of $104.96.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping 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 anticipate that Roku will post -1.09 EPS for the current fiscal year.

Insider Transactions at Roku

In other news, CEO Anthony J. Wood sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $87.93, for a total transaction of $2,198,250.00. Following the completion of the sale, the chief executive officer now owns 26,538 shares in the company, valued at approximately $2,333,486.34. This trade represents a 48.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Matthew C. Banks sold 8,693 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.44, for a total transaction of $621,027.92. Following the sale, the chief accounting officer now owns 7,264 shares of the company’s stock, valued at approximately $518,940.16. This represents a 54.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,885 shares of company stock worth $7,911,162. 13.98% of the stock is owned by insiders.

Institutional Trading of Roku

Hedge funds and other institutional investors have recently bought and sold shares of the business. Entropy Technologies LP raised its stake in Roku by 264.4% in the 4th quarter. Entropy Technologies LP now owns 25,525 shares of the company’s stock worth $1,898,000 after purchasing an additional 18,520 shares in the last quarter. Holocene Advisors LP acquired a new stake in Roku in the 3rd quarter worth about $129,015,000. Kessler Investment Group LLC raised its stake in Roku by 21.8% in the 3rd 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 in the last quarter. National Bank of Canada FI raised its stake in Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock worth $11,259,000 after purchasing an additional 149,514 shares in the last quarter. Finally, EULAV Asset Management raised its stake in Roku by 59.1% in the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock worth $13,663,000 after purchasing an additional 68,000 shares in the last quarter. Institutional investors and hedge funds 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.