Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 22,000 shares of Roku stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $149.54, for a total value of $3,289,880.00.
Roku stock opened at $99.74 on Friday. Roku Inc has a 52 week low of $26.30 and a 52 week high of $176.55. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of -1,246.75 and a beta of 1.78. The stock has a 50-day moving average price of $137.24 and a 200 day moving average price of $97.35.
Roku (NASDAQ:ROKU) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.14. The company had revenue of $250.10 million during the quarter, compared to the consensus estimate of $223.36 million. Roku had a negative return on equity of 6.77% and a negative net margin of 2.41%. The firm’s revenue was up 59.5% compared to the same quarter last year. On average, analysts expect that Roku Inc will post -0.5 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on ROKU shares. Wedbush restated a “hold” rating and set a $105.00 price target on shares of Roku in a research note on Thursday, August 8th. Stephens upgraded Roku from an “equal” rating to an “overweight” rating and boosted their price target for the stock from $84.00 to $120.00 in a research note on Thursday, August 8th. DA Davidson boosted their price target on Roku from $135.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. ValuEngine lowered Roku from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, Loop Capital boosted their price target on Roku to $80.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Roku presently has a consensus rating of “Hold” and a consensus target price of $112.98.
Several institutional investors have recently bought and sold shares of ROKU. Geode Capital Management LLC increased its position in shares of Roku by 16.0% in the fourth quarter. Geode Capital Management LLC now owns 544,746 shares of the company’s stock valued at $16,691,000 after buying an additional 75,051 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Roku during the first quarter worth approximately $500,000. Rhumbline Advisers increased its position in shares of Roku by 0.6% during the first quarter. Rhumbline Advisers now owns 55,926 shares of the company’s stock worth $3,608,000 after purchasing an additional 340 shares in the last quarter. Comerica Bank increased its position in shares of Roku by 8.1% during the first quarter. Comerica Bank now owns 16,007 shares of the company’s stock worth $938,000 after purchasing an additional 1,193 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of Roku during the first quarter worth approximately $223,000. Institutional investors and hedge funds own 52.54% of the company’s stock.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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