Roku (NASDAQ:ROKU) had its price objective raised by investment analysts at Royal Bank of Canada to in a research note issued to investors on Friday, The Fly reports. The brokerage presently has an “outperform” rating on the stock.
A number of other analysts have also weighed in on the stock. Wedbush increased their target price on shares of Roku from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley lowered shares of Roku from an “equal weight” rating to an “underweight” rating and set a $110.00 target price for the company. in a report on Monday, December 2nd. Guggenheim dropped their target price on shares of Roku from $170.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 7th. ValuEngine upgraded shares of Roku from a “strong sell” rating to a “sell” rating in a report on Thursday, February 6th. Finally, William Blair reiterated a “buy” rating on shares of Roku in a report on Tuesday, December 17th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $131.48.
NASDAQ ROKU traded down $8.80 during trading on Friday, hitting $130.25. 63,486,424 shares of the company’s stock traded hands, compared to its average volume of 12,751,469. The stock has a fifty day moving average of $131.74 and a two-hundred day moving average of $133.74. Roku has a 12-month low of $50.81 and a 12-month high of $176.55. The firm has a market cap of $15.54 billion, a P/E ratio of -383.08 and a beta of 1.64.
In other Roku news, SVP Stephen H. Kay sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $133.86, for a total value of $1,338,600.00. Following the completion of the sale, the senior vice president now directly owns 89,004 shares in the company, valued at $11,914,075.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mai Fyfield sold 306 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $133.92, for a total transaction of $40,979.52. Following the completion of the sale, the director now owns 306 shares of the company’s stock, valued at $40,979.52. The disclosure for this sale can be found here. Insiders sold 210,081 shares of company stock valued at $30,803,764 over the last 90 days. 22.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ROKU. FMR LLC lifted its holdings in Roku by 43.5% in the fourth quarter. FMR LLC now owns 9,227,467 shares of the company’s stock worth $1,235,558,000 after buying an additional 2,795,202 shares during the period. State Street Corp increased its stake in shares of Roku by 60.0% during the third quarter. State Street Corp now owns 1,735,677 shares of the company’s stock valued at $176,622,000 after purchasing an additional 651,049 shares in the last quarter. BlackRock Inc. increased its stake in shares of Roku by 17.4% during the second quarter. BlackRock Inc. now owns 3,962,459 shares of the company’s stock valued at $358,918,000 after purchasing an additional 588,499 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Roku during the third quarter valued at approximately $49,965,000. Finally, ARK Investment Management LLC increased its stake in shares of Roku by 155.0% during the fourth quarter. ARK Investment Management LLC now owns 737,580 shares of the company’s stock valued at $98,762,000 after purchasing an additional 448,310 shares in the last quarter. Institutional investors and hedge funds own 53.39% of the company’s stock.
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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