Investors Sell Shares of Roku (ROKU) on Strength (ROKU)

Investors sold shares of Roku Inc (NASDAQ:ROKU) on strength during trading hours on Friday. $378.60 million flowed into the stock on the tick-up and $437.11 million flowed out of the stock on the tick-down, for a money net flow of $58.51 million out of the stock. Of all equities tracked, Roku had the 0th highest net out-flow for the day. Roku traded up $0.73 for the day and closed at $58.05

A number of equities analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 target price (up from $50.00) on shares of Roku in a research note on Monday, July 23rd. Zacks Investment Research downgraded Roku from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Morgan Stanley upgraded Roku from an “underweight” rating to an “equal weight” rating and set a $32.00 price target for the company in a research note on Tuesday, May 29th. BidaskClub upgraded Roku from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, UBS Group upgraded Roku from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 3rd. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.68.

The firm has a market cap of $5.71 billion and a PE ratio of -25.92.



Roku (NASDAQ:ROKU) last released its earnings results on Wednesday, May 9th. The company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. The company had revenue of $136.58 million for the quarter, compared to analysts’ expectations of $127.55 million. Roku had a negative return on equity of 151.74% and a negative net margin of 7.49%. The business’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.79) EPS. research analysts predict that Roku Inc will post -0.16 earnings per share for the current year.

In other news, VP Chas Smith sold 87,272 shares of the company’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $38.27, for a total value of $3,339,899.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan S. Henricks sold 6,667 shares of the stock in a transaction on Friday, May 18th. The shares were sold at an average price of $35.46, for a total value of $236,411.82. The disclosure for this sale can be found here. Insiders have sold a total of 922,216 shares of company stock worth $41,217,758 in the last 90 days. 0.55% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ROKU. BNP Paribas Arbitrage SA bought a new position in Roku in the first quarter valued at about $156,000. Stifel Financial Corp boosted its holdings in Roku by 75.0% in the first quarter. Stifel Financial Corp now owns 9,050 shares of the company’s stock valued at $281,000 after acquiring an additional 3,880 shares during the last quarter. HarbourVest Partners LLC bought a new position in Roku in the first quarter valued at about $6,820,000. IFP Advisors Inc boosted its holdings in Roku by 4,261.5% in the first quarter. IFP Advisors Inc now owns 11,340 shares of the company’s stock valued at $353,000 after acquiring an additional 11,080 shares during the last quarter. Finally, Raymond James & Associates bought a new position in Roku in the fourth quarter valued at about $1,676,000. 17.79% of the stock is owned by institutional investors and hedge funds.

Roku Company Profile

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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