Roku Inc (NASDAQ:ROKU) CEO Anthony J. Wood sold 421,549 shares of Roku stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $70.89, for a total value of $29,883,608.61. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of ROKU traded up $4.33 during trading hours on Friday, hitting $60.41. 14,195,168 shares of the company were exchanged, compared to its average volume of 6,646,812. The firm has a market cap of $7.75 billion and a PE ratio of -26.97. Roku Inc has a one year low of $18.35 and a one year high of $77.57.
Several equities analysts have recently issued reports on the company. Cannonball Research lifted their price target on Roku from $68.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, October 1st. Our analysis of the composition of advertising revenue growth gives us incremental comfort with our revenue forecast for FY18-20. It also supports our Buy thesis based on the belief that ROKU works only if the advertising revenue story works. We think that inventory sell through which has been a relatively small revenue driver so far can become more significant in the mid-term. BidaskClub lowered Roku from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Wedbush began coverage on Roku in a research note on Friday, October 5th. They set a “neutral” rating and a $73.00 price objective for the company. Oppenheimer raised Roku from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Tuesday, July 3rd. Finally, Zacks Investment Research lowered Roku from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $62.25.
Several institutional investors have recently modified their holdings of ROKU. BNP Paribas Arbitrage SA acquired a new stake in shares of Roku in the first quarter worth $156,000. SevenBridge Financial Group LLC acquired a new stake in shares of Roku in the second quarter worth $158,000. Wealthcare Advisory Partners LLC boosted its position in shares of Roku by 5,900.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 6,000 shares of the company’s stock worth $187,000 after buying an additional 5,900 shares during the period. Rikoon Group LLC acquired a new stake in shares of Roku in the first quarter worth $202,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Roku in the second quarter worth $213,000. 33.75% of the stock is owned by institutional investors and hedge funds.
Roku Company Profile
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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