Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 10,000 shares of the company’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $48.00, for a total value of $480,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ:ROKU traded down $0.08 during midday trading on Wednesday, reaching $45.91. 3,820,943 shares of the company traded hands, compared to its average volume of 5,920,287. Roku Inc has a 12 month low of $15.75 and a 12 month high of $58.80. The firm has a market cap of $4.61 billion and a price-to-earnings ratio of -20.48.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, May 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.08. The company had revenue of $136.58 million for the quarter, compared to the consensus estimate of $127.55 million. During the same quarter in the previous year, the firm posted ($1.79) earnings per share. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. sell-side analysts predict that Roku Inc will post -0.3 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. raised its stake in shares of Roku by 280.3% during the 1st quarter. Thompson Davis & CO. Inc. now owns 3,803 shares of the company’s stock valued at $118,000 after purchasing an additional 2,803 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Roku during the 4th quarter valued at $130,000. BNP Paribas Arbitrage SA bought a new stake in shares of Roku during the 1st quarter valued at $156,000. Wealthcare Advisory Partners LLC raised its stake in shares of Roku by 5,900.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,000 shares of the company’s stock valued at $187,000 after purchasing an additional 5,900 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Roku during the 1st quarter valued at $202,000. Institutional investors own 16.35% of the company’s stock.
ROKU has been the topic of a number of recent research reports. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, May 22nd. BidaskClub raised Roku from a “hold” rating to a “buy” rating in a research report on Saturday, June 16th. Morgan Stanley raised Roku from an “underweight” rating to an “equal weight” rating and set a $32.00 price target on the stock in a research report on Tuesday, May 29th. Loop Capital initiated coverage on Roku in a research report on Thursday, April 19th. They set a “hold” rating and a $30.00 price target on the stock. Finally, ValuEngine raised Roku from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.23.
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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