Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 10,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $113.96, for a total transaction of $1,139,600.00. Following the transaction, the senior vice president now directly owns 95,812 shares in the company, valued at approximately $10,918,735.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ:ROKU opened at $128.50 on Friday. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of -146.02 and a beta of 1.83. Roku Inc has a 1-year low of $58.22 and a 1-year high of $176.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 2.60. The company has a 50 day moving average price of $114.50 and a 200 day moving average price of $118.23.
Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, May 7th. The company reported ($0.45) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.01. The firm had revenue of $320.77 million during the quarter, compared to analysts’ expectations of $309.23 million. Roku had a negative net margin of 8.43% and a negative return on equity of 18.24%. The firm’s revenue for the quarter was up 55.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) earnings per share. On average, sell-side analysts expect that Roku Inc will post -1.72 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. NEXT Financial Group Inc boosted its holdings in Roku by 37.4% during the first quarter. NEXT Financial Group Inc now owns 940 shares of the company’s stock worth $82,000 after buying an additional 256 shares in the last quarter. Advisor Group Inc. boosted its stake in Roku by 18.2% in the 4th quarter. Advisor Group Inc. now owns 56,170 shares of the company’s stock worth $7,521,000 after purchasing an additional 8,641 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its stake in Roku by 4.0% in the 4th quarter. Dai Ichi Life Insurance Company Ltd now owns 6,256 shares of the company’s stock worth $838,000 after purchasing an additional 243 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Roku in the 1st quarter worth approximately $645,000. Finally, Malaga Cove Capital LLC acquired a new position in Roku in the 4th quarter worth approximately $254,000. Hedge funds and other institutional investors own 59.28% of the company’s stock.
Several equities analysts have recently commented on the stock. Benchmark assumed coverage on shares of Roku in a research report on Wednesday, April 29th. They set a “buy” rating and a $153.00 price target on the stock. SunTrust Banks reissued a “hold” rating and issued a $160.00 target price on shares of Roku in a report on Monday, April 13th. UBS Group cut their target price on shares of Roku from $170.00 to $145.00 and set a “positive” rating on the stock in a report on Friday, May 8th. ValuEngine raised shares of Roku from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, BidaskClub cut shares of Roku from a “hold” rating to a “sell” rating in a report on Thursday, May 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Roku presently has a consensus rating of “Hold” and an average price target of $133.20.
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.
See Also: What is Call Option Volume?
Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.