2 weeks Ago By ABMN Staff
Roku, Inc. ( NASDAQ:ROKU – Get Free Report )’s share price shot up 2.2% on Friday .
The stock traded as high as $75.40 and last traded at $75.34.
444,025 shares were traded during mid-day trading, a decline of 90% from the average session volume of 4,534,315 shares. The stock had previously closed at $73.70.
Analysts Set New Price Targets Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Roku from $80.
00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Benchmark reaffirmed a “buy” rating and issued a $105.
00 price target on shares of Roku in a research note on Thursday, September 12th. Wedbush reiterated an “outperform” rating and issued a $75.00 price objective on shares of Roku in a research report on Friday, August 2nd.
Guggenheim upgraded shares of Roku from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Friday, August 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.
00 price target on shares of Roku in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.
com, the stock has an average rating of “Hold” and an average target price of $79.10. Check Out Our Latest Stock Analysis on Roku Roku Trading Up 1.
0 % Roku ( NASDAQ:ROKU – Get Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.
45) by $0.21. Roku had a negative return on equity of 21.
03% and a negative net margin of 13.16%. The firm had revenue of $968.
18 million during the quarter, compared to analysts’ expectations of $937.78 million. During the same quarter in the previous year, the business earned ($0.
76) earnings per share. The company’s revenue was up 14.3% on a year-over-year basis.
As a group, equities research analysts anticipate that Roku, Inc. will post -1.44 EPS for the current year.
Insider Buying and Selling at Roku In other news, CFO Dan Jedda sold 1,000 shares of Roku stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $75.33, for a total value of $75,330.
00. Following the completion of the sale, the chief financial officer now directly owns 54,267 shares in the company, valued at $4,087,933.11.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . In related news, insider Charles Collier sold 3,590 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $65.
00, for a total transaction of $233,350.00. Following the completion of the sale, the insider now owns 12,064 shares in the company, valued at $784,160.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, CFO Dan Jedda sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $75.
33, for a total value of $75,330.00. Following the completion of the transaction, the chief financial officer now directly owns 54,267 shares in the company, valued at approximately $4,087,933.
11. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 46,945 shares of company stock worth $3,465,135.
Company insiders own 13.98% of the company’s stock. Institutional Investors Weigh In On Roku A number of large investors have recently made changes to their positions in ROKU.
Mcdonald Partners LLC lifted its position in Roku by 0.9% during the second quarter. Mcdonald Partners LLC now owns 19,608 shares of the company’s stock valued at $1,175,000 after purchasing an additional 175 shares during the last quarter.
Benjamin Edwards Inc. raised its holdings in shares of Roku by 43.5% in the 1st quarter.
Benjamin Edwards Inc. now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 187 shares in the last quarter. Beacon Capital Management LLC lifted its stake in shares of Roku by 17.
7% during the 1st quarter. Beacon Capital Management LLC now owns 1,547 shares of the company’s stock worth $101,000 after purchasing an additional 233 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Roku by 0.
7% during the second quarter. Arizona State Retirement System now owns 34,656 shares of the company’s stock valued at $2,077,000 after buying an additional 251 shares during the last quarter. Finally, Quarry LP lifted its position in Roku by 160.
2% during the fourth quarter. Quarry LP now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 266 shares during the last quarter. 86.
30% of the stock is currently owned by institutional investors. Roku Company Profile ( Get Free Report ) Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices.
Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls. Featured Articles Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.
com's FREE daily email newsletter ..
