Wedbush started coverage on shares of Roku (NASDAQ:ROKU) in a research note released on Friday morning, MarketBeat.com reports. The firm issued a neutral rating and a $73.00 price objective on the stock.
Other analysts have also issued reports about the stock. BidaskClub upgraded shares of Roku from a hold rating to a buy rating in a research report on Saturday, June 16th. Needham & Company LLC restated a buy rating and set a $60.00 price target (up from $50.00) on shares of Roku in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of Roku from a hold rating to a buy rating and set a $55.00 price target for the company in a research report on Friday, July 20th. Guggenheim initiated coverage on shares of Roku in a research report on Tuesday, September 4th. They set a buy rating and a $74.00 price target for the company. Finally, ValuEngine upgraded shares of Roku from a hold rating to a buy rating in a research report on Wednesday, October 3rd. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $59.58.
NASDAQ ROKU opened at $66.94 on Friday. Roku has a 12-month low of $18.35 and a 12-month high of $77.57. The stock has a market cap of $7.75 billion and a price-to-earnings ratio of -29.88.
In other news, CEO Anthony J. Wood sold 421,549 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $70.89, for a total transaction of $29,883,608.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Stephen H. Kay sold 36,000 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $76.42, for a total transaction of $2,751,120.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,495,181 shares of company stock valued at $90,178,728. 0.55% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA purchased a new stake in shares of Roku during the first quarter worth about $156,000. SevenBridge Financial Group LLC purchased a new stake in shares of Roku during the second quarter worth about $158,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of Roku by 5,900.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 6,000 shares of the company’s stock worth $187,000 after purchasing an additional 5,900 shares during the period. Rikoon Group LLC purchased a new stake in shares of Roku during the first quarter worth about $202,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Roku during the second quarter worth about $213,000. Institutional investors own 33.75% 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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