Roku’s (ROKU) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Roku (NASDAQ:ROKU) in a report released on Thursday,Benzinga reports. They currently have a $145.00 price target on the stock.

Several other analysts have also issued reports on ROKU. Citigroup boosted their price target on Roku from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. KeyCorp increased their target price on shares of Roku from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wells Fargo & Company raised their target price on shares of Roku from $100.00 to $113.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Wall Street Zen raised Roku from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Roku from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two equities 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 assigned a Sell rating to the company. According to MarketBeat.com, Roku presently has an average rating of “Moderate Buy” and an average target price of $101.33.

Roku Stock Up 0.0%

Shares of NASDAQ:ROKU opened at $103.85 on Thursday. The stock has a market capitalization of $15.30 billion, a PE ratio of -247.26, a price-to-earnings-growth ratio of 14.54 and a beta of 2.13. The firm’s 50 day moving average price is $93.99 and its 200-day moving average price is $81.03. Roku has a twelve month low of $52.43 and a twelve month high of $105.45.

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. Analysts expect that Roku will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Roku

In other Roku news, insider Mustafa Ozgen sold 50,527 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $100.00, for a total value of $5,052,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew C. Banks sold 2,180 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $97.85, for a total transaction of $213,313.00. Following the transaction, the chief accounting officer directly owned 5,355 shares in the company, valued at approximately $523,986.75. This trade represents a 28.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 529,986 shares of company stock valued at $51,523,263. 13.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Roku by 9.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,114 shares of the company’s stock valued at $112,000 after purchasing an additional 97 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Roku by 0.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 15,550 shares of the company’s stock valued at $1,369,000 after acquiring an additional 142 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Roku by 55.6% in the second quarter. Rakuten Securities Inc. now owns 442 shares of the company’s stock worth $39,000 after acquiring an additional 158 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in Roku by 1.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,575 shares of the company’s stock worth $1,097,000 after acquiring an additional 160 shares during the period. Finally, True Vision MN LLC grew its holdings in Roku by 3.3% during the 2nd quarter. True Vision MN LLC now owns 5,544 shares of the company’s stock worth $487,000 after acquiring an additional 179 shares in the last quarter. 86.30% of the stock is currently 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.