Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 3,000 shares of Roku stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $57.92, for a total value of $173,760.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Roku stock opened at $56.68 on Friday. The stock has a market cap of $6.24 billion, a P/E ratio of -708.50 and a beta of 3.84. Roku Inc has a 52 week low of $26.30 and a 52 week high of $77.57.

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

Several research firms have recently issued reports on ROKU. SunTrust Banks lifted their price target on Roku to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, March 13th. They noted that the move was a valuation call. Macquarie downgraded Roku from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $67.00 to $57.00 in a research note on Wednesday, March 13th. Loop Capital downgraded Roku from a “hold” rating to a “sell” rating and set a $45.00 price target for the company. in a research note on Wednesday, March 13th. They noted that the move was a valuation call. Citigroup started coverage on Roku in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $63.00 price objective for the company. Finally, Rosenblatt Securities started coverage on Roku in a research report on Tuesday, April 2nd. They set a “neutral” rating and a $63.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.17.

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

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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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