Roku, Inc. (NASDAQ:ROKU – Get Free Report) Director Jeffrey M. Blackburn acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average cost of $63.96 per share, with a total value of $511,680.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $511,680. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Roku Price Performance
Shares of NASDAQ:ROKU opened at $63.99 on Friday. The company’s fifty day moving average price is $79.42 and its 200 day moving average price is $81.36. Roku, Inc. has a 12 month low of $51.62 and a 12 month high of $108.84. The firm has a market capitalization of $9.18 billion, a P/E ratio of -12.75 and a beta of 1.66.
Roku (NASDAQ:ROKU – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.65) by $0.10. Roku had a negative net margin of 20.36% and a negative return on equity of 29.21%. The company had revenue of $984.40 million for the quarter, compared to the consensus estimate of $967.72 million. During the same period last year, the firm posted ($1.70) EPS. Roku’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, sell-side analysts anticipate that Roku, Inc. will post -2.16 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Seaport Res Ptn cut shares of Roku from a “neutral” rating to a “sell” rating in a research report on Monday, December 18th. Moffett Nathanson lowered shares of Roku from a “market perform” rating to a “sell” rating and increased their target price for the stock from $64.00 to $66.00 in a report on Friday, December 15th. Susquehanna increased their target price on shares of Roku from $100.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Pivotal Research reduced their target price on shares of Roku from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Finally, Stephens reiterated an “overweight” rating and set a $105.00 target price on shares of Roku in a report on Friday, February 16th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.00.
View Our Latest Research Report on Roku
Roku Company Profile
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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