Roku (NASDAQ:ROKU) Price Target Cut to $325.00 by Analysts at KeyCorp

Roku (NASDAQ:ROKU) had its price objective trimmed by KeyCorp from $430.00 to $325.00 in a research note published on Tuesday morning, The Fly reports. The firm currently has an overweight rating on the stock. KeyCorp also issued estimates for Roku’s FY2022 earnings at $0.76 EPS and FY2023 earnings at $1.85 EPS.

ROKU has been the topic of a number of other reports. Loop Capital decreased their price objective on Roku from $475.00 to $410.00 and set a buy rating on the stock in a research report on Thursday, November 4th. Moffett Nathanson reaffirmed a sell rating and set a $220.00 target price (down previously from $330.00) on shares of Roku in a research note on Wednesday, November 17th. Guggenheim raised Roku from a neutral rating to a buy rating and set a $395.00 target price on the stock in a research note on Thursday, September 23rd. Wedbush cut their target price on Roku from $415.00 to $365.00 and set an outperform rating on the stock in a research note on Thursday, November 4th. Finally, Susquehanna Bancshares cut their target price on Roku from $530.00 to $380.00 and set a positive rating on the stock in a research note on Thursday, November 4th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Buy and a consensus target price of $380.74.

Shares of ROKU stock opened at $167.48 on Tuesday. Roku has a 1 year low of $159.76 and a 1 year high of $490.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.43 and a quick ratio of 4.32. The stock’s 50 day simple moving average is $226.87 and its two-hundred day simple moving average is $315.46. The company has a market cap of $22.50 billion, a PE ratio of 82.50, a price-to-earnings-growth ratio of 2.24 and a beta of 1.71.

Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, November 3rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.42. Roku had a return on equity of 12.69% and a net margin of 11.22%. The business had revenue of $679.95 million for the quarter, compared to the consensus estimate of $682.57 million. During the same period in the prior year, the business posted $0.09 earnings per share. Equities research analysts expect that Roku will post 1.55 EPS for the current year.

In other Roku news, VP Scott A. Rosenberg sold 2,716 shares of the company’s stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $272.03, for a total transaction of $738,833.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 80,000 shares of the company’s stock in a transaction on Monday, January 3rd. The stock was sold at an average price of $232.85, for a total value of $18,628,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 421,541 shares of company stock valued at $104,689,123. 15.32% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Spire Wealth Management lifted its holdings in Roku by 498.5% during the fourth quarter. Spire Wealth Management now owns 2,466 shares of the company’s stock worth $563,000 after buying an additional 2,054 shares during the period. Garrett Investment Advisors LLC lifted its holdings in shares of Roku by 8.4% during the 4th quarter. Garrett Investment Advisors LLC now owns 2,303 shares of the company’s stock valued at $526,000 after purchasing an additional 179 shares during the last quarter. Baldwin Brothers LLC MA lifted its holdings in shares of Roku by 10.0% during the 4th quarter. Baldwin Brothers LLC MA now owns 1,100 shares of the company’s stock valued at $251,000 after purchasing an additional 100 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Roku by 7.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 8,595 shares of the company’s stock valued at $1,961,000 after purchasing an additional 603 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Roku by 7.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,761 shares of the company’s stock valued at $1,315,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 60.97% of the company’s stock.

About Roku

Roku, Inc engages in the provision of a streaming platform for television. It operates through the following business segments: Player and Platform. The Player segment consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website.

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