Stephen H. Kay Sells 32,000 Shares of Roku Inc (ROKU) Stock

Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 32,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $81.77, for a total value of $2,616,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ ROKU traded up $0.24 during trading hours on Thursday, hitting $83.58. 303,077 shares of the company’s stock were exchanged, compared to its average volume of 13,881,238. Roku Inc has a 1-year low of $26.30 and a 1-year high of $86.50. The stock has a market capitalization of $9.01 billion, a PE ratio of -1,047.27 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, topping the consensus estimate of ($0.24) by $0.15. Roku had a negative return on equity of 5.29% and a negative net margin of 1.47%. The business had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $189.80 million. During the same quarter in the previous year, the firm earned ($0.07) EPS. The firm’s revenue was up 51.3% compared to the same quarter last year. As a group, sell-side analysts predict that Roku Inc will post -0.62 earnings per share for the current fiscal year.



Several hedge funds and other institutional investors have recently bought and sold shares of ROKU. PNC Financial Services Group Inc. lifted its position in shares of Roku by 100.0% during the 1st 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 acquired a new position in shares of Roku during the 4th quarter worth about $27,000. CWM LLC acquired a new position in shares of Roku during the 1st quarter worth about $32,000. James Investment Research Inc. acquired a new position in shares of Roku during the 1st quarter worth about $32,000. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Roku during the 4th quarter worth about $35,000. 44.86% of the stock is owned by institutional investors and hedge funds.

ROKU has been the topic of a number of recent research reports. BidaskClub upgraded Roku from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 30th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Roku in a research report on Friday, February 15th. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Friday, February 22nd. KeyCorp boosted their price target on Roku to $63.00 and gave the stock an “overweight” rating in a research report on Friday, February 22nd. Finally, Needham & Company LLC boosted their price target on Roku from $45.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Roku has a consensus rating of “Buy” and an average price target of $73.98.

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Roku Company Profile

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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