According to STA Research, Roku Inc. (ROKU) has been assigned a consensus rating of “Buy” by twenty-two analysts covering the company. Among these analysts, four have issued a sell recommendation, eleven have recommended holding the stock, and ten have given it a buy recommendation. The average 12-month target price suggested by analysts who have covered the stock in the last year stands at $69.83.
Analysts’ Recent Remarks on ROKU Stock
Several analysts have recently shared their opinions on ROKU shares. Truist Financial lowered their target price from $70.00 to $65.00. On the other hand, Piper Sandler increased their target price from $65.00 to $70.00, with a “neutral” rating. Wedbush reiterated an “outperform” rating with a target price of $80.00, while Susquehanna upgraded ROKU from “neutral” to “positive” and set a target price of $75.00. Additionally, Wells Fargo & Company decreased their price objective from $67.00 to $63.00, maintaining an “equal weight” rating.
ROKU Stock Down 0.1%
On Monday, NSD ROKU shares opened at $73.50. The company has a market capitalization of $10.35 billion, a PE ratio of -15.38, and a beta of 1.71. The stock’s 12-month low is $38.26, while its 12-month high is $96.38. The fifty-day simple moving average is $64.85, and the two-hundred-day simple moving average is $61.21.
Roku’s Quarterly Earnings Report
In its latest quarterly earnings data released on April 26th, Roku (ROKU) reported earnings per share of ($1.38), surpassing analysts’ consensus estimates of ($1.44) by $0.06. Furthermore, Roku’s revenue for the quarter reached $741.00 million, exceeding analyst estimates of $707.59 million. Compared to the same quarter the previous year, the company’s quarterly revenue increased by 1.0%. Equities analysts project that Roku will post -5.25 earnings per share for the current year.
Insider Buying and Selling Activity
Insider Gidon Katz sold 3,694 shares of Roku stock in two separate transactions, resulting in a total value of $212,405.00. Insider CAO Matthew C. Banks also sold 1,886 shares of the company’s stock, amounting to $113,273.16. Insiders have collectively sold 16,528 shares valued at $986,830 over the past three months. Presently, 13.63% of the stock is owned by company insiders.
Institutional Investors’ Involvement
Various hedge funds have recently adjusted their holdings of ROKU. CoreCap Advisors LLC and ICA Group Wealth Management LLC each acquired new stakes in Roku during the fourth quarter, with values of $25,000. Similarly, Machina Capital S.A.S. purchased a new position in the first quarter, worth approximately $26,000. Benjamin Edwards Inc. increased its stake by 33.6% during the fourth quarter and currently owns 759 shares valued at $31,000. Lastly, Beacon Capital Management LLC augmented its stake by 155.6% in the fourth quarter, owning 979 shares valued at $40,000. Institutional investors now hold 69.59% of the company’s stock.
ROKU Stock Forecast and Price Predictions for 2025
As the analysts’ ratings remain diverse with a “BUY”, investors eagerly await the further development of Roku Inc. The stock’s performance, quarterly earnings, and insider activities will continue to influence its trajectory. Institutional investors’ involvement may also have implications for ROKU’s future prospects. With ROKU’s market cap at $10.35 billion, the stock price predictions for 2025 remain uncertain, subject to market dynamics and industry trends. Investors and market-watchers will closely monitor developments to make informed decisions about Roku Inc.’s stock.
