Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 32,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $81.77, for a total transaction of $2,616,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
ROKU stock opened at $83.28 on Friday. Roku Inc has a twelve month low of $26.30 and a twelve month high of $86.50. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of -1,041.00 and a beta of 3.61.
Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.15. Roku had a negative net margin of 1.47% and a negative return on equity of 5.29%. The business had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $189.80 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. The business’s revenue was up 51.3% compared to the same quarter last year. On average, equities research analysts expect that Roku Inc will post -0.62 EPS for the current fiscal year.
ROKU has been the topic of several research reports. DA Davidson boosted their price target on shares of Roku to $60.00 and gave the stock an “average” rating in a research report on Friday, February 22nd. ValuEngine upgraded shares of Roku from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. BidaskClub upgraded shares of Roku from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Needham & Company LLC boosted their price target on shares of Roku from $45.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research upgraded shares of Roku from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Roku currently has an average rating of “Buy” and an average target price of $73.98.
Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in shares of Roku by 100.0% in the first quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Roku in the fourth quarter worth about $27,000. CWM LLC bought a new position in shares of Roku in the first quarter worth about $32,000. James Investment Research Inc. bought a new position in shares of Roku in the first quarter worth about $32,000. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Roku in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 44.86% of the company’s stock.
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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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