Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 10,000 shares of Roku stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $48.00, for a total value of $480,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Roku traded down $0.08, hitting $45.91, during midday trading on Wednesday, according to Marketbeat Ratings. 3,820,943 shares of the stock traded hands, compared to its average volume of 5,920,287. The company has a market cap of $4.61 billion and a price-to-earnings ratio of -20.48. Roku Inc has a one year low of $15.75 and a one year high of $58.80.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, May 9th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. The firm had revenue of $136.58 million for the quarter, compared to the consensus estimate of $127.55 million. The company’s revenue was up 36.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.79) EPS. equities analysts expect that Roku Inc will post -0.3 EPS for the current year.
A number of equities research analysts have weighed in on ROKU shares. Zacks Investment Research upgraded Roku from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, May 22nd. BidaskClub upgraded Roku from a “hold” rating to a “buy” rating in a report on Saturday, June 16th. Morgan Stanley upgraded Roku from an “underweight” rating to an “equal weight” rating and set a $32.00 target price for the company in a report on Tuesday, May 29th. Loop Capital started coverage on Roku in a report on Thursday, April 19th. They issued a “hold” rating and a $30.00 target price for the company. Finally, ValuEngine upgraded Roku from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Roku has an average rating of “Buy” and an average price target of $41.23.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in shares of Roku during the fourth quarter valued at approximately $130,000. Thompson Davis & CO. Inc. increased its holdings in shares of Roku by 280.3% during the first quarter. Thompson Davis & CO. Inc. now owns 3,803 shares of the company’s stock valued at $118,000 after acquiring an additional 2,803 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Roku during the fourth quarter valued at approximately $247,000. BNP Paribas Arbitrage SA bought a new stake in shares of Roku during the first quarter valued at approximately $156,000. Finally, Symmetry Peak Management LLC bought a new stake in shares of Roku during the fourth quarter valued at approximately $285,000. Hedge funds and other institutional investors own 16.35% of the company’s stock.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.
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