Roku Inc (NASDAQ:ROKU) Director Jeff Hastings sold 6,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $56.20, for a total value of $337,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jeff Hastings also recently made the following trade(s):

  • On Tuesday, April 2nd, Jeff Hastings sold 2,000 shares of Roku stock. The shares were sold at an average price of $70.00, for a total value of $140,000.00.
  • On Wednesday, March 6th, Jeff Hastings sold 2,000 shares of Roku stock. The shares were sold at an average price of $70.00, for a total value of $140,000.00.

Shares of NASDAQ ROKU opened at $56.68 on Friday. Roku Inc has a 1-year low of $26.30 and a 1-year high of $77.57. The stock has a market capitalization of $6.24 billion, a PE ratio of -708.50 and a beta of 3.84.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 21st. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Roku had a negative return on equity of 4.06% and a negative net margin of 1.19%. The company had revenue of $275.74 million during the quarter, compared to the consensus estimate of $262.57 million. As a group, research analysts expect that Roku Inc will post -0.71 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of ROKU. JPMorgan Chase & Co. boosted its position in shares of Roku by 2,154.2% in the third quarter. JPMorgan Chase & Co. now owns 1,138,496 shares of the company’s stock worth $83,145,000 after buying an additional 1,087,991 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Roku by 570.2% in the third quarter. Bank of New York Mellon Corp now owns 949,707 shares of the company’s stock worth $69,359,000 after buying an additional 808,012 shares during the period. BlackRock Inc. boosted its position in shares of Roku by 2.6% in the third quarter. BlackRock Inc. now owns 3,330,505 shares of the company’s stock worth $243,227,000 after buying an additional 85,375 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Roku in the third quarter worth about $5,455,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Roku in the third quarter worth about $213,000. 42.98% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the company. Citigroup lowered their price target on Roku from $60.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, January 14th. BidaskClub raised Roku from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. Loop Capital lowered their price target on Roku to $40.00 and set a “hold” rating for the company in a research report on Tuesday, January 15th. Zacks Investment Research raised Roku from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, January 9th. Finally, Wedbush reissued an “outperform” rating and set a $65.00 price target on shares of Roku in a research report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $66.17.

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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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Insider Buying and Selling by Quarter for Roku (NASDAQ:ROKU)

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