Roku Inc (ROKU) Director Jeff Hastings Sells 6,000 Shares

Roku Inc (NASDAQ:ROKU) Director Jeff Hastings sold 6,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $56.20, for a total transaction of $337,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeff Hastings also recently made the following trade(s):

  • On Tuesday, April 2nd, Jeff Hastings sold 2,000 shares of Roku stock. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00.
  • On Wednesday, March 6th, Jeff Hastings sold 2,000 shares of Roku stock. The stock was sold at an average price of $70.00, for a total transaction of $140,000.00.

Shares of ROKU opened at $56.60 on Thursday. The firm has a market cap of $6.23 billion, a PE ratio of -707.50 and a beta of 3.84. Roku Inc has a 12-month low of $26.30 and a 12-month high of $77.57.

Roku (NASDAQ:ROKU) last issued its earnings results on Thursday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $275.74 million during the quarter, compared to analyst estimates of $262.57 million. Roku had a negative net margin of 1.19% and a negative return on equity of 4.06%. As a group, sell-side analysts predict that Roku Inc will post -0.71 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. We Are One Seven LLC purchased a new stake in shares of Roku during the fourth quarter valued at $27,000. Capital Investment Advisory Services LLC purchased a new stake in Roku in the fourth quarter worth about $35,000. Essex Investment Management Co. LLC purchased a new stake in Roku in the fourth quarter worth about $49,000. Advisors Asset Management Inc. lifted its stake in Roku by 59.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,854 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares during the period. Finally, Rehmann Capital Advisory Group purchased a new stake in Roku in the third quarter worth about $59,000. 42.98% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on ROKU shares. DA Davidson lifted their price objective on shares of Roku to $60.00 and gave the stock an “average” rating in a research note on Friday, February 22nd. Needham & Company LLC lifted their price objective on shares of Roku from $45.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 22nd. Zacks Investment Research raised shares of Roku from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Friday, February 22nd. ValuEngine raised shares of Roku from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Finally, BidaskClub raised shares of Roku from a “hold” rating to a “buy” rating in a research note on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $66.17.

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About Roku

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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