Roku (NASDAQ:ROKU) Given New $460.00 Price Target at Smith Barney Citigroup

Roku (NASDAQ:ROKU) had its target price hoisted by Smith Barney Citigroup from $375.00 to $460.00 in a research report sent to investors on Monday morning, The Fly reports.

ROKU has been the subject of several other research reports. UBS Group raised their price objective on Roku from $260.00 to $310.00 and gave the company a buy rating in a report on Tuesday, November 24th. Morgan Stanley raised their price objective on Roku from $110.00 to $150.00 and gave the company an underweight rating in a report on Wednesday, November 4th. Wells Fargo & Company raised their price objective on Roku from $275.00 to $414.00 and gave the company an overweight rating in a report on Tuesday, January 5th. ValuEngine cut Roku from a buy rating to a hold rating in a report on Tuesday, December 1st. Finally, Loop Capital raised their price objective on Roku from $120.00 to $200.00 and gave the company a hold rating in a report on Monday, November 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. Roku has an average rating of Buy and a consensus price target of $283.54.

ROKU stock opened at $408.60 on Monday. The stock has a 50-day moving average price of $332.16 and a two-hundred day moving average price of $218.81. The stock has a market cap of $51.86 billion, a PE ratio of -355.30 and a beta of 1.81. The company has a current ratio of 3.09, a quick ratio of 2.98 and a debt-to-equity ratio of 0.09. Roku has a 1 year low of $58.22 and a 1 year high of $423.00.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.51. The firm had revenue of $451.66 million during the quarter, compared to analysts’ expectations of $367.48 million. Roku had a negative return on equity of 19.43% and a negative net margin of 10.28%. The company’s revenue was up 73.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.22) EPS. On average, analysts forecast that Roku will post -1.44 earnings per share for the current fiscal year.

In other news, CEO Anthony J. Wood sold 35,000 shares of Roku stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $207.89, for a total value of $7,276,150.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $2,078,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mai Fyfield sold 306 shares of Roku stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $223.63, for a total transaction of $68,430.78. Following the completion of the sale, the director now owns 306 shares of the company’s stock, valued at $68,430.78. The disclosure for this sale can be found here. Insiders have sold 598,509 shares of company stock valued at $181,334,637 over the last 90 days. Company insiders own 22.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sonora Investment Management LLC acquired a new stake in shares of Roku in the fourth quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV raised its position in shares of Roku by 400.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 125 shares of the company’s stock valued at $42,000 after buying an additional 100 shares in the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of Roku in the third quarter valued at approximately $28,000. Global Retirement Partners LLC raised its position in shares of Roku by 153.8% in the third quarter. Global Retirement Partners LLC now owns 165 shares of the company’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of Roku in the third quarter valued at approximately $38,000. Institutional investors own 62.26% of the company’s stock.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2019, the company had 36.9 million active accounts.

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