Roku (ROKU) Sets New 1-Year High at $75.30

Shares of Roku Inc (NASDAQ:ROKU) reached a new 52-week high during trading on Wednesday . The company traded as high as $75.30 and last traded at $74.60, with a volume of 111693 shares. The stock had previously closed at $73.14.

ROKU has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Roku from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective (up previously from $50.00) on shares of Roku in a report on Monday, July 23rd. BidaskClub raised shares of Roku from a “buy” rating to a “strong-buy” rating in a report on Friday, August 24th. Morgan Stanley raised shares of Roku from an “underweight” rating to an “equal weight” rating and set a $32.00 price objective on the stock in a report on Tuesday, May 29th. Finally, Loop Capital boosted their price objective on shares of Roku to $52.00 and gave the stock a “hold” rating in a report on Tuesday, August 28th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.38.

The firm has a market cap of $7.75 billion and a PE ratio of -33.35.

In other news, Director Alan S. Henricks sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $58.20, for a total value of $1,513,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony J. Wood sold 248,155 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $49.36, for a total transaction of $12,248,930.80. The disclosure for this sale can be found here. Insiders sold 1,411,370 shares of company stock worth $82,935,717 in the last ninety days. Insiders own 0.55% of the company’s stock.

Several large investors have recently bought and sold shares of ROKU. BlackRock Inc. raised its position in shares of Roku by 408.3% in the second quarter. BlackRock Inc. now owns 3,245,130 shares of the company’s stock valued at $138,307,000 after buying an additional 2,606,673 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Roku in the first quarter valued at approximately $41,714,000. Gilder Gagnon Howe & Co. LLC raised its position in shares of Roku by 63.0% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 2,960,515 shares of the company’s stock valued at $126,177,000 after buying an additional 1,144,727 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Roku in the second quarter valued at approximately $31,972,000. Finally, EastBay Asset Management LLC acquired a new position in shares of Roku in the second quarter valued at approximately $25,971,000. 33.75% of the stock is owned by institutional investors and hedge funds.

About Roku (NASDAQ: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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