Roku’s (ROKU) Outperform Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Roku (NASDAQ:ROKU) in a research report report published on Wednesday morning,RTT News reports. They currently have a $100.00 price target on the stock. Wedbush also issued estimates for Roku’s FY2026 earnings at $0.22 EPS.

A number of other brokerages have also commented on ROKU. Wolfe Research raised Roku from a “peer perform” rating to an “outperform” rating and set a $93.00 price objective on the stock in a report on Thursday, September 12th. Moffett Nathanson upgraded shares of Roku from a “sell” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Tuesday, October 1st. Piper Sandler upped their target price on Roku from $60.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of Roku from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group dropped their target price on Roku from $60.00 to $55.00 and set an “underperform” rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Roku has an average rating of “Moderate Buy” and a consensus target price of $83.81.

Roku Stock Up 6.4 %

ROKU stock opened at $83.00 on Wednesday. The company has a 50 day moving average of $75.50 and a two-hundred day moving average of $69.71. Roku has a 12-month low of $48.33 and a 12-month high of $99.80. The company has a market cap of $12.05 billion, a price-to-earnings ratio of -69.17 and a beta of 2.05.

Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.29. Roku had a negative return on equity of 7.22% and a negative net margin of 4.42%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned ($2.33) EPS. The firm’s revenue was up 16.5% on a year-over-year basis. On average, research analysts anticipate that Roku will post -1.1 EPS for the current year.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 10,771 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.14, for a total value of $766,248.94. Following the completion of the transaction, the insider now directly owns 3,790 shares in the company, valued at $269,620.60. This trade represents a 73.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.64, for a total transaction of $2,066,000.00. Following the transaction, the chief executive officer now owns 26,538 shares in the company, valued at $2,193,100.32. This represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,095 shares of company stock worth $3,731,038 in the last ninety days. Company insiders own 13.98% of the company’s stock.

Institutional Investors Weigh In On Roku

A number of large investors have recently added to or reduced their stakes in the business. Holocene Advisors LP bought a new position in Roku during the third quarter worth $129,015,000. Kessler Investment Group LLC boosted its holdings in shares of Roku by 21.8% during the 3rd quarter. Kessler Investment Group LLC now owns 75,968 shares of the company’s stock worth $5,672,000 after buying an additional 13,590 shares during the period. National Bank of Canada FI grew its stake in Roku by 11,626.3% in the 3rd quarter. National Bank of Canada FI now owns 150,800 shares of the company’s stock valued at $11,259,000 after buying an additional 149,514 shares during the last quarter. EULAV Asset Management raised its holdings in Roku by 59.1% in the 3rd quarter. EULAV Asset Management now owns 183,000 shares of the company’s stock valued at $13,663,000 after acquiring an additional 68,000 shares during the period. Finally, Granite Bay Wealth Management LLC acquired a new stake in Roku during the second quarter worth approximately $1,142,000. Institutional investors own 86.30% of the company’s stock.

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.