Symmetry Peak Management LLC purchased a new position in Roku, Inc. (NASDAQ:ROKU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,500 shares of the company’s stock, valued at approximately $285,000.
A number of other hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new stake in Roku in the 4th quarter worth about $130,000. MYDA Advisors LLC bought a new position in Roku in the 4th quarter worth about $207,000. Oppenheimer Asset Management Inc. bought a new position in shares of Roku during the third quarter valued at approximately $216,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Roku during the fourth quarter valued at approximately $247,000. Finally, Kessler Investment Group LLC bought a new position in shares of Roku during the fourth quarter valued at approximately $254,000. Institutional investors and hedge funds own 10.29% of the company’s stock.
In other news, VP Chas Smith sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $33.34, for a total value of $4,000,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott A. Rosenberg sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $30.46, for a total transaction of $761,500.00. The disclosure for this sale can be found here. Insiders have sold 1,777,131 shares of company stock worth $58,524,942 over the last ninety days.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Roku from a “strong sell” rating to a “sell” rating in a research note on Monday, April 2nd. BidaskClub cut shares of Roku from a “hold” rating to a “sell” rating in a report on Friday, March 30th. Citigroup raised shares of Roku from a “sell” rating to a “neutral” rating and set a $33.00 price target for the company in a report on Tuesday, March 27th. Oppenheimer raised shares of Roku from an “underperform” rating to a “market perform” rating in a report on Tuesday, March 20th. Finally, Vetr raised shares of Roku from a “hold” rating to a “strong-buy” rating and set a $50.50 target price for the company in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Roku currently has a consensus rating of “Hold” and an average target price of $40.36.
ROKU traded down $0.40 on Friday, reaching $31.36. 1,364,921 shares of the company’s stock were exchanged, compared to its average volume of 3,565,884. The firm has a market capitalization of $3,162.31 and a PE ratio of -14.00. Roku, Inc. has a twelve month low of $15.75 and a twelve month high of $58.80.
Roku (NASDAQ:ROKU) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.17. The business had revenue of $188.30 million for the quarter, compared to analyst estimates of $182.54 million. The business’s revenue was up 27.8% compared to the same quarter last year. equities analysts anticipate that Roku, Inc. will post -0.47 EPS for the current year.
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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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