Roku Inc (ROKU) SVP Stephen H. Kay Sells 3,000 Shares

Roku Inc (NASDAQ:ROKU) SVP Stephen H. Kay sold 3,000 shares of Roku stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ:ROKU traded down $0.42 during trading on Friday, reaching $82.75. 25,908,265 shares of the stock were exchanged, compared to its average volume of 11,867,016. Roku Inc has a 12-month low of $26.30 and a 12-month high of $86.50. The stock has a market capitalization of $9.15 billion, a P/E ratio of -1,034.38 and a beta of 3.61.

Roku (NASDAQ:ROKU) last issued its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.15. Roku had a negative return on equity of 5.29% and a negative net margin of 1.47%. The business had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $189.80 million. During the same quarter in the previous year, the business earned ($0.07) EPS. The company’s revenue for the quarter was up 51.3% on a year-over-year basis. Research analysts expect that Roku Inc will post -0.71 EPS for the current year.

ROKU has been the subject of several recent analyst reports. DA Davidson lifted their price target on Roku to $60.00 and gave the company an “average” rating in a report on Friday, February 22nd. ValuEngine upgraded Roku from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. Needham & Company LLC lifted their price target on Roku from $45.00 to $65.00 and gave the company a “buy” rating in a report on Friday, February 22nd. Zacks Investment Research upgraded Roku from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday, February 22nd. Finally, BidaskClub upgraded Roku from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.15.

Several large investors have recently modified their holdings of ROKU. PNC Financial Services Group Inc. grew its holdings in shares of Roku by 100.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 400 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. We Are One Seven LLC purchased a new stake in shares of Roku during the 4th quarter worth about $27,000. CWM LLC acquired a new position in Roku during the 1st quarter worth approximately $32,000. James Investment Research Inc. acquired a new position in Roku during the 1st quarter worth approximately $32,000. Finally, Capital Investment Advisory Services LLC acquired a new position in Roku during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 42.58% of the company’s stock.

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Roku Company Profile

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: Gross Domestic Product (GDP)

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

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