Roku (NASDAQ:ROKU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Roku (NASDAQ:ROKU) from a hold rating to a buy rating in a research note published on Sunday.

A number of other brokerages have also recently commented on ROKU. Piper Sandler upped their target price on shares of Roku from $65.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Roku in a research note on Wednesday, October 8th. Citigroup increased their price objective on shares of Roku from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Rosenblatt Securities increased their price objective on shares of Roku from $75.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, JMP Securities reissued a “market outperform” rating and issued a $145.00 price objective on shares of Roku in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and a consensus target price of $101.33.

Roku Trading Up 1.3%

Shares of ROKU stock opened at $97.49 on Friday. Roku has a 12 month low of $52.43 and a 12 month high of $107.25. The stock has a market cap of $14.36 billion, a P/E ratio of -232.12, a P/E/G ratio of 11.35 and a beta of 2.13. The company has a 50 day simple moving average of $96.56 and a two-hundred day simple moving average of $83.09.

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 business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company earned ($0.18) earnings per share. The firm’s 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. As a group, equities analysts forecast that Roku will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Anthony J. Wood sold 25,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mustafa Ozgen sold 50,527 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $100.00, for a total transaction of $5,052,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,331 shares of company stock worth $32,640,556. 13.98% of the stock is owned by insiders.

Hedge Funds Weigh In On Roku

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gateway Investment Advisers LLC boosted its position in shares of Roku by 43.6% during the third quarter. Gateway Investment Advisers LLC now owns 27,076 shares of the company’s stock worth $2,711,000 after acquiring an additional 8,223 shares during the last quarter. Ascent Wealth Partners LLC bought a new position in Roku during the third quarter valued at $200,000. True Wealth Design LLC lifted its position in Roku by 77.3% during the third quarter. True Wealth Design LLC now owns 1,055 shares of the company’s stock valued at $106,000 after purchasing an additional 460 shares during the last quarter. Accurate Wealth Management LLC bought a new position in Roku during the third quarter valued at $1,115,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Roku during the third quarter valued at $15,733,000. 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.