Roku Inc (NASDAQ:ROKU) CEO Anthony J. Wood Sells 35,000 Shares
Roku Inc (NASDAQ:ROKU) CEO Anthony J. Wood sold 35,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.86, for a total value of $4,790,100.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
NASDAQ:ROKU opened at $152.28 on Thursday. Roku Inc has a twelve month low of $26.30 and a twelve month high of $176.55. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of -1,903.50 and a beta of 1.73. The stock’s 50 day moving average price is $144.34 and its two-hundred day moving average price is $120.91.
Roku (NASDAQ:ROKU) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.06. Roku had a negative return on equity of 9.79% and a negative net margin of 3.77%. The company had revenue of $260.90 million during the quarter, compared to the consensus estimate of $257.64 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. The firm’s revenue for the quarter was up 50.5% compared to the same quarter last year. As a group, equities research analysts forecast that Roku Inc will post -0.52 EPS for the current year.
A number of brokerages have recently commented on ROKU. Guggenheim cut their price target on Roku from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada increased their price objective on Roku from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Zacks Investment Research raised Roku from a “hold” rating to a “strong-buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, October 9th. Oppenheimer boosted their target price on Roku from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Finally, Pivotal Research started coverage on Roku in a research report on Friday, September 20th. They set a “sell” rating and a $60.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Roku presently has an average rating of “Buy” and a consensus target price of $127.28.
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.
Read More: What are Bollinger Bands?
Receive News & Ratings for Roku Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roku and related companies with MarketBeat.com's FREE daily email newsletter.