Roku, Inc. (NASDAQ:ROKU – Get Rating) VP Scott A. Rosenberg sold 1,957 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $93.41, for a total transaction of $182,803.37. Following the transaction, the vice president now owns 78,676 shares in the company, valued at approximately $7,349,125.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:ROKU traded down $8.57 during trading on Friday, reaching $87.28. 6,493,494 shares of the company traded hands, compared to its average volume of 7,331,431. The firm has a fifty day simple moving average of $103.13 and a 200 day simple moving average of $150.30. The firm has a market cap of $11.87 billion, a P/E ratio of 89.06 and a beta of 1.95. Roku, Inc. has a 1-year low of $75.03 and a 1-year high of $490.76.

Roku (NASDAQ:ROKU – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The company had revenue of $733.70 million for the quarter, compared to analyst estimates of $718.56 million. Roku had a net margin of 4.78% and a return on equity of 5.17%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. As a group, research analysts anticipate that Roku, Inc. will post -1.82 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the business. Credit Agricole S A lifted its stake in shares of Roku by 60.0% in the 4th quarter. Credit Agricole S A now owns 168 shares of the company’s stock valued at $38,000 after purchasing an additional 63 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of Roku by 29.1% in the 4th quarter. Clearstead Advisors LLC now owns 288 shares of the company’s stock valued at $66,000 after purchasing an additional 65 shares during the last quarter. Headinvest LLC lifted its stake in shares of Roku by 11.8% in the 3rd quarter. Headinvest LLC now owns 673 shares of the company’s stock valued at $211,000 after purchasing an additional 71 shares during the last quarter. Maverick Capital Ltd. lifted its stake in shares of Roku by 147.1% in the 3rd quarter. Maverick Capital Ltd. now owns 126 shares of the company’s stock valued at $39,000 after purchasing an additional 75 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its stake in shares of Roku by 4.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,881 shares of the company’s stock valued at $429,000 after purchasing an additional 80 shares during the last quarter. 68.77% of the stock is owned by institutional investors.

ROKU has been the topic of a number of research analyst reports. Benchmark lowered their price objective on shares of Roku from $305.00 to $240.00 in a research note on Thursday, April 21st. Pivotal Research upgraded shares of Roku from a “sell” rating to a “hold” rating and set a $80.00 price objective on the stock in a research note on Friday, May 27th. KeyCorp decreased their price target on shares of Roku from $165.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, April 11th. DA Davidson decreased their price target on shares of Roku from $200.00 to $170.00 in a research report on Friday, April 29th. Finally, Citigroup decreased their price target on shares of Roku from $225.00 to $175.00 in a research report on Tuesday, May 3rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $217.27.

Roku Company Profile (Get Rating)

Roku, Inc, together with its subsidiaries, 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 TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts.

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