Roku Inc (NASDAQ:ROKU) SVP Mustafa Ozgen sold 5,015 shares of Roku stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $159.55, for a total value of $800,143.25. Following the sale, the senior vice president now directly owns 9,989 shares in the company, valued at approximately $1,593,744.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Mustafa Ozgen also recently made the following trade(s):
- On Thursday, September 5th, Mustafa Ozgen sold 9,989 shares of Roku stock. The shares were sold at an average price of $164.79, for a total value of $1,646,087.31.
Shares of Roku stock traded down $6.21 on Tuesday, reaching $153.91. The company had a trading volume of 31,435,800 shares, compared to its average volume of 14,710,065. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of -1,923.88 and a beta of 1.77. The firm’s 50-day moving average price is $129.61 and its two-hundred day moving average price is $114.28. Roku Inc has a 1 year low of $26.30 and a 1 year high of $176.55.
Roku (NASDAQ:ROKU) last announced its earnings results on Wednesday, November 6th. The company reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.06. The firm had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $257.64 million. Roku had a negative return on equity of 9.79% and a negative net margin of 3.77%. The company’s quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. Equities analysts expect that Roku Inc will post -0.52 EPS for the current fiscal year.
A number of research firms have issued reports on ROKU. Rosenblatt Securities lifted their price objective on Roku from $134.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Stephens raised Roku from an “equal” rating to an “overweight” rating and lifted their price objective for the stock from $84.00 to $120.00 in a research note on Thursday, August 8th. Zacks Investment Research raised Roku from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective on the stock in a research note on Wednesday, October 9th. DA Davidson lifted their price objective on Roku from $135.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, BidaskClub raised Roku from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $120.78.
Several institutional investors have recently made changes to their positions in the company. First Allied Advisory Services Inc. purchased a new position in shares of Roku in the 3rd quarter worth approximately $350,000. Rational Advisors LLC purchased a new position in shares of Roku in the 3rd quarter worth approximately $780,000. Catalyst Capital Advisors LLC boosted its holdings in shares of Roku by 59.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 120 shares during the period. Mengis Capital Management Inc. purchased a new position in shares of Roku in the 3rd quarter worth approximately $323,000. Finally, Prime Capital Investment Advisors LLC boosted its holdings in shares of Roku by 476.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,000 shares of the company’s stock worth $1,526,000 after purchasing an additional 12,400 shares during the period. Hedge funds and other institutional investors own 53.32% of the company’s stock.
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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