Roku Inc (NASDAQ:ROKU) SVP Mustafa Ozgen sold 9,989 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $97.00, for a total value of $968,933.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of ROKU traded up $0.79 during mid-day trading on Monday, reaching $91.37. 5,474,992 shares of the company’s stock traded hands, compared to its average volume of 13,087,369. The firm’s 50-day moving average is $94.36. The stock has a market capitalization of $10.27 billion, a PE ratio of -1,142.13 and a beta of 2.05. Roku Inc has a 12 month low of $26.30 and a 12 month high of $108.32.
Roku (NASDAQ:ROKU) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.15. The firm had revenue of $206.70 million during the quarter, compared to analyst estimates of $189.80 million. Roku had a negative return on equity of 4.60% and a negative net margin of 1.47%. The business’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) EPS. On average, research analysts expect that Roku Inc will post -0.57 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on ROKU. Rosenblatt Securities reiterated a “neutral” rating on shares of Roku in a research report on Thursday, May 9th. BidaskClub lowered Roku from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Guggenheim restated a “neutral” rating and issued a $72.00 target price (down previously from $77.00) on shares of Roku in a research note on Thursday, April 4th. Wedbush raised their target price on Roku from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Finally, DA Davidson lifted their price objective on Roku to $92.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $82.87.
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.
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