Roku (NASDAQ:ROKU) had its price objective boosted by Royal Bank of Canada from $155.00 to $160.00 in a research report released on Thursday, The Fly reports. Royal Bank of Canada currently has an outperform rating on the stock.
A number of other equities research analysts have also weighed in on ROKU. Needham & Company LLC reiterated a buy rating and set a $150.00 price objective on shares of Roku in a report on Thursday. Vertical Group raised shares of Roku from a mixed rating to a positive rating in a research report on Wednesday, August 7th. Macquarie raised shares of Roku from a neutral rating to an outperform rating and set a $130.00 target price on the stock in a research report on Wednesday, October 9th. SunTrust Banks raised their target price on shares of Roku from $63.00 to $160.00 and gave the company a hold rating in a research report on Monday, September 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of 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. Four research analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Roku currently has an average rating of Buy and an average target price of $120.48.
ROKU stock traded up $3.48 during trading on Thursday, hitting $121.94. 19,209,400 shares of the company’s stock traded hands, compared to its average volume of 14,366,427. Roku has a 52 week low of $26.30 and a 52 week high of $176.55. The business has a fifty day simple moving average of $122.41 and a 200 day simple moving average of $110.52. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of -1,524.25 and a beta of 1.77.
In other news, SVP Stephen H. Kay sold 12,000 shares of Roku stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.75, for a total value of $1,653,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 35,000 shares of Roku stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.06, for a total transaction of $5,427,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,419 shares of company stock worth $24,801,276. Insiders own 22.70% of the company’s stock.
Several institutional investors have recently modified their holdings of ROKU. First Trust Advisors LP grew its position in shares of Roku by 19.8% in the 1st quarter. First Trust Advisors LP now owns 92,199 shares of the company’s stock worth $5,948,000 after buying an additional 15,212 shares during the last quarter. Spence Asset Management grew its position in Roku by 3.1% during the 2nd quarter. Spence Asset Management now owns 112,623 shares of the company’s stock worth $10,201,000 after purchasing an additional 3,345 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Roku by 20.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 11,100 shares of the company’s stock worth $1,005,000 after purchasing an additional 1,900 shares during the last quarter. Wealth Architects LLC purchased a new stake in Roku during the 2nd quarter worth approximately $871,000. Finally, Integrated Investment Consultants LLC purchased a new stake in Roku during the 2nd quarter worth approximately $216,000. 52.94% of the stock is currently owned by hedge funds and other institutional investors.
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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