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Roku (ROKU) CEO Anthony J. Wood Sells 35,000

Roku Inc (NASDAQ:ROKU) CEO Anthony J. Wood sold 35,000 shares of Roku stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $31.37, for a total value of $1,097,950.00. The transaction was disclosed in a document filed

Roku stock traded up $3.63 during mid-day trading on Friday, reaching $33.73. 15,478,400 shares of the company were exchanged, compared to its average volume of 14,119,367. Roku Inc has a 12 month low of $26.30 and a 12 month high of $77.57. The firm has a market cap of $3.34 billion, a PE ratio of -15.06 and a beta of 3.24.

Get Roku alerts: Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Wednesday, November 7th. The company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.03. Roku had a negative return on equity of 4.46% and a negative net margin of 1.33%. The firm had revenue of $173.40 million for the quarter, compared to analyst estimates of $170.73 million. During the same quarter last year, the company earned ($0.10) EPS. The company’s revenue was up 38.9% analysts expect that Roku Inc will post -0.13

A number of institutional investors have recently bought and sold shares of the business. Roku by 72.7% during the 3rd quarter. Vanguard Group Inc now owns 4,747,875 shares of the company’s stock worth $346,737,000 after acquiring an additional 1,998,602 shares during the period. Rehmann Capital Advisory Group bought a new position in Roku during the 3rd quarter worth $59,000. Marshall Wace North America L.P. bought a new position in Roku during the 3rd quarter worth $1,521,000. Vanguard Group Inc. increased its stake in Roku by 72.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,747,875 shares of the company’s stock worth $346,737,000 after acquiring an additional 1,998,602 shares during the period. Finally, Morgan Stanley increased its stake in shares of Roku by 378.4% in the 3rd quarter. Morgan Stanley now owns 2,129,881 shares of the company’s stock valued at $155,544,000 after purchasing an additional 1,684,676 shares during the last quarter. Hedge funds and other institutional investors own 46.29% of the company’s stock.

Several analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Roku from $60.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, October 1st. ValuEngine raised Roku from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Citigroup lifted their price target on Roku to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, September 12th. KeyCorp reissued an “overweight” rating and set a $81.00 price target (up from $67.00) on shares of Roku in a report on Tuesday, September 11th. Finally, Wedbush assumed coverage on Roku in a report on Friday, October 5th. They set a “neutral” rating and a $73.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $59.06.

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About Roku

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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