Roku’s (ROKU) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Roku (NASDAQ:ROKU) in a research report report published on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a $110.00 target price on the stock.

ROKU has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their target price on shares of Roku from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Loop Capital upgraded shares of Roku from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $100.00 in a research report on Tuesday, June 17th. KeyCorp raised their price objective on shares of Roku from $115.00 to $116.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Piper Sandler raised their price objective on shares of Roku from $65.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, July 10th. Finally, UBS Group raised their price objective on shares of Roku from $72.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.33.

Roku Stock Up 0.0%

Shares of NASDAQ:ROKU opened at $103.85 on Wednesday. The firm has a market capitalization of $15.30 billion, a PE ratio of -247.26, a P/E/G ratio of 14.54 and a beta of 2.13. Roku has a twelve month low of $52.43 and a twelve month high of $105.45. The company has a 50-day moving average price of $93.99 and a two-hundred day moving average price of $80.97.

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

Insiders Place Their Bets

In other Roku news, insider Mustafa Ozgen sold 50,527 shares of Roku stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total transaction of $5,052,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dan Jedda sold 3,000 shares of Roku stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $94.52, for a total transaction of $283,560.00. Following the transaction, the chief financial officer directly owned 83,420 shares in the company, valued at $7,884,858.40. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 529,986 shares of company stock valued at $51,523,263 over the last three months. Corporate insiders own 13.98% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Aaron Wealth Advisors LLC increased its stake in shares of Roku by 59.5% in the third quarter. Aaron Wealth Advisors LLC now owns 4,704 shares of the company’s stock worth $471,000 after buying an additional 1,754 shares during the period. GAMMA Investing LLC increased its stake in shares of Roku by 9.5% in the third quarter. GAMMA Investing LLC now owns 1,114 shares of the company’s stock worth $112,000 after buying an additional 97 shares during the period. Corient Private Wealth LLC increased its stake in shares of Roku by 8.2% in the second quarter. Corient Private Wealth LLC now owns 13,387 shares of the company’s stock worth $1,177,000 after buying an additional 1,019 shares during the period. American Trust purchased a new position in shares of Roku in the second quarter worth $213,000. Finally, Marex Group plc purchased a new position in shares of Roku in the second quarter worth $2,538,000. 86.30% of the stock is owned by hedge funds and other 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.