Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay Sells 22,000 Shares of Stock

Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $133.74, for a total transaction of $2,942,280.00. Following the transaction, the senior vice president now owns 94,004 shares in the company, valued at approximately $12,572,094.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:ROKU traded up $8.40 during trading hours on Friday, reaching $157.10. 1,799,962 shares of the company’s stock were exchanged, compared to its average volume of 19,353,006. The company has a market capitalization of $15.73 billion, a P/E ratio of -1,963.75 and a beta of 1.77. Roku Inc has a 12 month low of $26.30 and a 12 month high of $176.55. The business’s 50-day simple moving average is $125.06 and its two-hundred day simple moving average is $112.37.

Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.06. Roku had a negative net margin of 3.77% and a negative return on equity of 9.79%. The firm had revenue of $260.90 million during the quarter, compared to analyst estimates of $257.64 million. During the same quarter last year, the business posted ($0.09) EPS. The company’s revenue was up 50.5% on a year-over-year basis. On average, sell-side analysts forecast that Roku Inc will post -0.52 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. CENTRAL TRUST Co boosted its stake in Roku by 47.5% in the 3rd quarter. CENTRAL TRUST Co now owns 295 shares of the company’s stock worth $30,000 after purchasing an additional 95 shares during the period. MCF Advisors LLC acquired a new position in Roku in the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC boosted its stake in Roku by 59.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 120 shares during the period. Executive Wealth Management LLC boosted its stake in Roku by 1,110.3% in the 3rd quarter. Executive Wealth Management LLC now owns 351 shares of the company’s stock worth $35,000 after purchasing an additional 322 shares during the period. Finally, Joseph P. Lucia & Associates LLC acquired a new position in Roku in the 2nd quarter worth approximately $43,000. 53.50% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on ROKU shares. CIBC raised their price objective on shares of Roku from $79.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Roku in a research note on Thursday, November 7th. SunTrust Banks raised their price objective on shares of Roku from $63.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, September 9th. They noted that the move was a valuation call. BidaskClub upgraded shares of Roku from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Rosenblatt Securities raised their target price on shares of Roku from $134.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $120.78.

About 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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