Roku, Inc. (ROKU) Sees Large Growth in Short Interest

Roku, Inc. (NASDAQ:ROKU) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 8,718,908 shares, a growth of 21.6% from the April 30th total of 7,168,891 shares. Based on an average daily trading volume, of 9,379,909 shares, the days-to-cover ratio is presently 0.9 days. Approximately 22.7% of the company’s stock are short sold.

Roku opened at $38.54 on Friday, according to MarketBeat. Roku has a 1 year low of $15.75 and a 1 year high of $58.80. The firm has a market cap of $3.58 billion and a price-to-earnings ratio of -17.21.

Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, May 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping 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. During the same period last year, the company posted ($1.79) earnings per share. The business’s revenue was up 36.5% compared to the same quarter last year. equities analysts anticipate that Roku will post -0.34 EPS for the current fiscal year.



A number of brokerages have recently commented on ROKU. Zacks Investment Research lowered shares of Roku from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of Roku from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. DA Davidson boosted their price objective on shares of Roku from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, May 11th. ValuEngine raised shares of Roku from a “strong sell” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Loop Capital began coverage on shares of Roku in a research report on Thursday, April 19th. They issued a “hold” rating and a $30.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Roku currently has an average rating of “Hold” and an average price target of $38.25.

In other news, VP Scott A. Rosenberg sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $30.46, for a total value of $761,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan S. Henricks sold 6,667 shares of the business’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $35.46, for a total transaction of $236,411.82. The disclosure for this sale can be found here. Insiders sold 1,907,070 shares of company stock valued at $62,715,374 in the last quarter. Corporate insiders own 0.55% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new stake in Roku during the first quarter worth $41,714,000. BlackRock Inc. raised its position in Roku by 1.7% during the first quarter. BlackRock Inc. now owns 638,457 shares of the company’s stock worth $19,857,000 after acquiring an additional 10,388 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in Roku by 16.1% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 521,507 shares of the company’s stock worth $27,004,000 after acquiring an additional 72,375 shares in the last quarter. Firsthand Capital Management Inc. raised its position in Roku by 80.0% during the first quarter. Firsthand Capital Management Inc. now owns 450,000 shares of the company’s stock worth $13,995,000 after acquiring an additional 200,000 shares in the last quarter. Finally, HarbourVest Partners LLC bought a new stake in Roku during the first quarter worth $6,820,000. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

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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