Stephen H. Kay Sells 3,322 Shares of Roku, Inc. (NASDAQ:ROKU) Stock

Roku, Inc. (NASDAQ:ROKUGet Free Report) SVP Stephen H. Kay sold 3,322 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $57.09, for a total value of $189,652.98. Following the completion of the transaction, the senior vice president now directly owns 82,036 shares in the company, valued at $4,683,435.24. The transaction was disclosed in a filing with the SEC, which is available at this link.

Roku Stock Down 0.3 %

NASDAQ ROKU opened at $57.97 on Friday. The stock’s 50-day moving average price is $59.55 and its 200-day moving average price is $75.82. Roku, Inc. has a 52 week low of $55.01 and a 52 week high of $108.84.

Roku (NASDAQ:ROKUGet Free Report) last released its earnings results on Thursday, April 25th. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.29. The company had revenue of $881.50 million for the quarter, compared to analysts’ expectations of $843.54 million. Roku had a negative net margin of 15.64% and a negative return on equity of 23.81%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the business earned ($1.38) EPS. On average, research analysts anticipate that Roku, Inc. will post -1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. FMR LLC raised its holdings in Roku by 85.9% during the third quarter. FMR LLC now owns 9,441,349 shares of the company’s stock valued at $666,465,000 after acquiring an additional 4,363,754 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Roku by 24.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,349,067 shares of the company’s stock valued at $478,939,000 after purchasing an additional 1,457,925 shares during the period. Nikko Asset Management Americas Inc. raised its stake in Roku by 25.8% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 7,091,891 shares of the company’s stock valued at $462,108,000 after purchasing an additional 1,455,408 shares during the period. Norges Bank purchased a new position in Roku in the 4th quarter worth approximately $90,386,000. Finally, Lord Abbett & CO. LLC bought a new position in Roku in the 3rd quarter worth approximately $55,182,000. Hedge funds and other institutional investors own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Stephens reaffirmed an “overweight” rating and set a $105.00 price target on shares of Roku in a report on Friday, February 16th. Susquehanna dropped their price target on shares of Roku from $110.00 to $80.00 and set a “positive” rating on the stock in a report on Monday, April 29th. Jefferies Financial Group assumed coverage on shares of Roku in a report on Thursday, May 2nd. They set an “underperform” rating and a $50.00 price objective for the company. Benchmark dropped their target price on shares of Roku from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Finally, Morgan Stanley lowered their price target on Roku from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, April 5th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Roku has an average rating of “Hold” and an average price target of $82.50.

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Roku Company Profile

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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.

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