Roku (NASDAQ:ROKU) Stock Price Up 6.1%

Roku Inc (NASDAQ:ROKU) shares rose 6.1% on Thursday . The stock traded as high as $109.20 and last traded at $108.84, approximately 22,499,370 shares traded hands during trading. An increase of 65% from the average daily volume of 13,614,872 shares. The stock had previously closed at $102.62.

ROKU has been the topic of several recent analyst reports. Needham & Company LLC set a $150.00 target price on shares of Roku and gave the stock a “buy” rating in a research report on Friday, September 6th. DA Davidson upped their target price on shares of Roku from $135.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Guggenheim upped their target price on shares of Roku from $119.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Macquarie restated a “neutral” rating and set a $110.00 target price (up from $66.00) on shares of Roku in a research report on Thursday, August 8th. Finally, Oppenheimer upped their target price on shares of Roku from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Roku presently has an average rating of “Hold” and a consensus target price of $112.98.

The firm’s 50-day moving average price is $133.69 and its 200 day moving average price is $98.64. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of -1,334.63 and a beta of 1.68.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.14. The business had revenue of $250.10 million for the quarter, compared to analyst estimates of $223.36 million. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The firm’s quarterly revenue was up 59.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Roku Inc will post -0.5 EPS for the current year.

In related news, Director Alan S. Henricks sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $125.10, for a total transaction of $1,251,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Stephen H. Kay sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $109.03, for a total transaction of $1,308,360.00. The disclosure for this sale can be found here. Insiders sold 145,419 shares of company stock worth $19,559,526 over the last quarter. Company insiders own 22.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in ROKU. Geode Capital Management LLC lifted its stake in shares of Roku by 16.0% during the fourth quarter. Geode Capital Management LLC now owns 544,746 shares of the company’s stock valued at $16,691,000 after buying an additional 75,051 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Roku by 3.2% during the first quarter. New York State Common Retirement Fund now owns 125,476 shares of the company’s stock valued at $8,094,000 after buying an additional 3,890 shares during the period. First Trust Advisors LP lifted its stake in shares of Roku by 19.8% during the first quarter. First Trust Advisors LP now owns 92,199 shares of the company’s stock valued at $5,948,000 after buying an additional 15,212 shares during the period. Royce & Associates LP purchased a new position in shares of Roku during the first quarter valued at approximately $2,064,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Roku during the first quarter valued at approximately $593,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Roku Company Profile (NASDAQ:ROKU)

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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