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.
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.
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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