JMP Securities Raises Roku (NASDAQ:ROKU) Price Target to $145.00

Roku (NASDAQ:ROKU) had its target price raised by JMP Securities from $110.00 to $145.00 in a research note released on Monday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. Susquehanna raised their target price on Roku from $85.00 to $110.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Needham & Company LLC boosted their target price on shares of Roku from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Pivotal Research increased their target price on shares of Roku from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Piper Sandler lifted their price target on shares of Roku from $65.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Roku currently has an average rating of “Moderate Buy” and an average price target of $100.36.

Roku Stock Performance

NASDAQ:ROKU opened at $94.94 on Monday. The company has a 50-day moving average of $90.77 and a 200-day moving average of $78.40. Roku has a 52 week low of $52.43 and a 52 week high of $104.96. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of -226.05, a PEG ratio of 13.58 and a beta of 2.05.

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

Insiders Place Their Bets

In other Roku news, CAO Matthew C. Banks sold 2,180 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total value of $213,313.00. Following the transaction, the chief accounting officer owned 5,355 shares of the company’s stock, valued at approximately $523,986.75. This represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $82.42, for a total value of $2,060,500.00. Following the transaction, the chief executive officer owned 16,441 shares of the company’s stock, valued at $1,355,067.22. The trade was a 60.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 369,115 shares of company stock valued at $34,805,928 in the last ninety days. 13.98% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Roku

Hedge funds have recently bought and sold shares of the company. United Advisor Group LLC increased its position in shares of Roku by 0.9% in the 4th quarter. United Advisor Group LLC now owns 14,430 shares of the company’s stock valued at $1,073,000 after buying an additional 130 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Roku by 0.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company’s stock worth $1,369,000 after acquiring an additional 142 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of Roku by 55.6% during the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after purchasing an additional 158 shares during the period. Nissay Asset Management Corp Japan ADV raised its position in shares of Roku by 1.0% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company’s stock worth $1,097,000 after purchasing an additional 160 shares during the period. Finally, True Vision MN LLC grew its position in shares of Roku by 3.3% in the 2nd quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock valued at $487,000 after purchasing an additional 179 shares during the period. 86.30% of the stock is currently owned by institutional investors and hedge funds.

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.