Roku (ROKU) Shares Gap Up to $34.26

Roku, Inc. (NASDAQ:ROKU) gapped up prior to trading on Friday . The stock had previously closed at $33.52, but opened at $34.26. Roku shares last traded at $35.40, with a volume of 6849281 shares traded.

Several brokerages have recently issued reports on ROKU. DA Davidson began coverage on Roku in a report on Monday, April 30th. They issued a “neutral” rating and a $30.00 target price on the stock. BidaskClub raised Roku from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Oppenheimer raised Roku from an “underperform” rating to a “market perform” rating in a report on Tuesday, March 20th. Vetr cut Roku from a “buy” rating to a “hold” rating and set a $48.59 target price on the stock. in a report on Monday, February 19th. Finally, Loop Capital began coverage on Roku in a report on Thursday, April 19th. They issued a “hold” rating and a $30.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $38.65.

The stock has a market capitalization of $3.52 billion and a P/E ratio of -15.80.

Roku (NASDAQ:ROKU) last released its quarterly earnings results on Wednesday, May 9th. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. The company had revenue of $136.58 million during the quarter, compared to analysts’ expectations of $127.55 million. The company’s revenue was up 36.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.79) EPS. equities analysts predict that Roku, Inc. will post -0.34 earnings per share for the current year.

In other Roku news, SVP Stephen H. Kay sold 36,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $32.38, for a total transaction of $1,165,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott A. Rosenberg sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $30.46, for a total value of $761,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,900,403 shares of company stock valued at $62,478,962. 0.55% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in ROKU. Wasatch Advisors Inc. purchased a new position in shares of Roku during the fourth quarter valued at approximately $2,589,000. Creative Planning purchased a new position in shares of Roku during the fourth quarter valued at approximately $574,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Roku during the fourth quarter valued at approximately $2,847,000. IFC Holdings Incorporated FL purchased a new position in shares of Roku during the fourth quarter valued at approximately $517,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its position in shares of Roku by 16.1% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 521,507 shares of the company’s stock valued at $27,004,000 after buying an additional 72,375 shares during the period. Institutional investors and hedge funds own 12.31% of the company’s stock.

About Roku

Roku, Inc operates a TV streaming platform. The company operates in two segments, Player and Platform. Its platform allows users to search, discover, and access approximately 500,000 movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2017, the company had 19.3 million active accounts.

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